L&T Bags Rs1,937 crore order from GVK for Construction of Road

L&T Construction is proud to be associated in the construction of all of the three mega projects of NHAI.

Infrastructure IC of L&T Construction has bagged a major order worth Rs1,937 crore from the GVK group for design, engineering, procurement and construction for 4-laning of a major portion of Shivpuri - Dewas section of NH -3 in Madhya Pradesh totalling 235 km. The project has to be completed in 27 months.
 
This project is a part of the phase IV of the National Highway Development Programme and is one of the three mega projects of NHAI (National Highway Authority of India).

With this order, L&T Construction is proud to be associated in the construction of all of the three mega projects of NHAI, according to a press release from the company.

In the late afternoon, Larsen & Toubro was trading at around Rs1,375 per share on the Bombay Stock Exchange, 1.57% up from the previous close.

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RBI launches industrial outlook survey for Jan-March 2012

The RBI industrial outlook survey is intended to provide useful forward-looking inputs for policymakers, analysts and businesses. The latest will be the 57th round of the survey.

The Reserve Bank of India (RBI) said it has launched its Industrial Outlook Survey for the January-March, 2012, period. The survey gives an insight into the perception of non-financial public and private limited companies engaged in manufacturing activities about their performance and future prospects, a press release issued in Mumbai stated. The assessment of the business sentiment in the present quarter and expectations for the ensuing quarter are based on qualitative responses to 20 major parameters. These include overall business and financial situations, demand indicators, price and employment expectations and profit margins, among other parameters.

The survey is intended to provide useful forward-looking inputs for policymakers, analysts and businesses, it said. The RBI has been conducting the Industrial Outlook Survey on a quarterly basis since 1998. The latest will be the 57th round of the survey.

It has entrusted the task of conducting the survey for the current quarter to the Centre for Research Planning and Action (CERPA). The CERPA would get in touch with several manufacturing companies during this quarter for seeking their valuable feedback so that it can be included in the survey, it added. However, those manufacturing companies that are not approached by CERPA can also participate in the survey by downloading the survey schedule from the RBI's official website.

CERPA, which was established in 1972, conducts social science research, providing consultancy services on developmental issues to help planners and policymakers and also conducts charitable services for the disadvantaged and poor sections of the country, it said.

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Airport Express Metro launches 45 trip pass

Reliance Metro Airport Express' new 45 trip pass fares will range from Rs400 to Rs2,000, depending upon the boarding and de-boarding stations of the passengers.

Delhi's Airport Express Metro has launched 45 trip pass and announced withdrawal of the inaugural discount on the 60 trip pass.

The revised 60 trip pass and new 45 trip pass will come into effect from 5 February 2012.
 
The 45 trip pass was launched based on the feedback received from daily commuters. The internal survey 'Voice of Customer' revealed that the local commuters did not utilize approximately 15 trips in the existing 60 trip pass, a Reliance Infra spokesman said.
 
Reliance Metro Airport Express' new 45 trip pass fares will range from Rs400 to Rs2,000, depending upon the boarding and de-boarding stations of the passengers.

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