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IVRCL gets orders worth Rs630 crore

IVRCL's transportation division received projects worth Rs301.72 crore while buildings and power divisions got orders of Rs257.07 crore and Rs60.98 crore, respectively

 
Hyderabad: City-based infra company IVRCL Ltd said it received orders worth Rs620 crore from across various divisions, reports PTI.
 
Its transportation division received projects worth Rs301.72 crore while buildings and power divisions got orders of Rs257.07 crore and Rs60.98 crore, respectively, a release issued by the company said.
 
Shares of IVRCL are traded at Rs47.50 on Bombay Stock Exchange, up 2% in the afternoon trade.
 
IVRCL recently said the Andhra Pradesh High Court approved a composite scheme of arrangement between IVRCL Ltd and IVRCL Assets and Holdings Ltd (IVRCLAH) and two subsidiary companies RIHIM Developers Private Limited and IVRCL TMT Pvt Ltd.
 
As per the scheme, IVRCLAH will be merged with IVRCL, after demerging of the former's real estate business. IVRCL will issue 5 equity shares for every 6 equity shares held by the shareholders of IVRCLAH. The real estate business will be demerged into a separate company RIHIM, which will be a 100% subsidiary of IVRCL.
 

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Hazare disbands Team Anna and Core Committee

According to Anna Hazare's blog, Team Anna was formed to fight for Jan Lokpal and from today, there will be no Team Anna or Team Anna Core Committee

 
New Delhi: Apparently paving the way for the formation of a political party, Anna Hazare on Monday said that the Team Anna has been disbanded and they decided not to have any more talks with the government on Lokpal issue, reports PTI.
 
The dissolution of Anna Hazare's team came three days after it ended its indefinite fast at Jantar Mantar here with plans for formation of a political alternative to fight the 2014 Lok Sabha elections.
 
The announcement was made by Hazare in his blog (http://news.indiaagainstcorruption.org/annahazaresays/?p=200 ) but he did not clearly specify whether they were going to immediately announce formation of a party though he talked about the procedures for setting up the political alternative.
 
"The government is not ready to enact Jan Lokpal Bill. How long and how many times we will go on fast? Now people have asked us to leave fast and give an alternative. I also thought that the government is not going to curb corruption... We are now stopping the activities of Team Anna today," he said.
 
"Team Anna was formed to fight for Jan Lokpal. We have also decided not to have any more talks with the government. From today, there will be no Team Anna or Team Anna Core Committee," Hazare said.
 
Since April last year, Team Anna has been on streets with Hazare going on indefinite fast four times and one-day fasts also four times besides being part of a joint committee to draft the Lokpal Bill.
 
Team Anna's decision to enter electoral politics had earlier met with opposition from several of Core Committee members like Justice Santosh Hegde, Medha Patkar, Chandramohan and Akhil Gogoi.
 
"I have given an alternative of sending good people to Parliament. But I am not going to be part of any party nor I will contest elections. After getting Jan Lokpal, I will go back to Maharashtra and indulge in my activities.
 
"I have told this to those who are for forming a party. Even after forming the party, this movement should go on. In the movement, we had earlier demanded for Jan Lokpal Bill and now keeping this movement alive, send good people to Parliament with the help of people and ensure that the law is enacted," he said.
 

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COMMENTS

nagesh kini

5 years ago

Anna, sans his avaricious Team of Kejriwal, Bhushans and Bedis ought to stick to IAC by enforcing Prevention of Corruption, RPA, Right to Reject & Recall and a common Lok Pal. Good bye to politics that Samuel Johnson rightly calls the last resort of a scroundrels!

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