L&T Construction bags orders worth Rs1,000 crore

In the power transmission & distribution segment, L&T Construction has secured new orders aggregating to Rs334 crore

L&T Construction has bagged new orders valued at Rs1,000 crore across various business segments in the third quarter of FY2012.

In the buildings & factories segment, the company has secured a Rs200 crore order from the GMR group for the construction of an Air Traffic Control Tower and associated works at Delhi International Airport, New Delhi.

In the power transmission & distribution segment, the company has secured new orders aggregating to Rs334 crore from clients for the construction of transmission lines & substations across India. An international order valued at Rs185 crore has been secured in Kuwait for the construction of a substation & associated overhead transmission line works.

Major orders valued at Rs282 crore have been secured from Greater Mohali Area
Development authority for the construction of utility facilities like water supply network, wastewater collection network, storm water network, road works, electrical works and other associated development works in Aerocity, Mohali.
On Tuesday, L&T Construction ended at Rs979.10 per share on the Bombay Stock Exchange, 5.14% down from the previous close.

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BPTP ties up with HDFC for home loan at 5.99%

The rates, however, will be applicable for EMIs for the first five years

Realty firm BPTP has joined hands with private sector lender HDFC to finance new purchases of houses at 5.99% for a limited period till December 31. The rates, however, will be applicable for EMIs for the first five years.

"BPTP... announced a partnership with HDFC to offer home loans at 5.99% per annum. This is part of a limited period special offer, designed to make home loans affordable to consumers," the real estate firm said in a statement.
Compared to prevailing interest rates for home loans, this scheme, valid between December 18 and December 31, will offer almost 40% reductions in the EMIs for the first five years, it added.

"For home buyers, this would translate into substantially reduced EMIs... This is among the lowest rates ever offered in the history of Indian home finance," the company said.

At present, HDFC provides home leans with fixed interest rates varying between 12.25% and 13% depending upon the loan amount. In order to bring inflation under control, the Reserve Bank of India has raised interest rates 13 times since March, 2010 to tame inflation.

BPTP has major presence in Faridabad, Noida and Gurgaon in housing, commercial and retail sectors. In the housing sector, the company is present from affordable to luxury housing segments.

Commenting on the tie-up, BPTP director (strategy and systems) Sandeep Bedi said: "At BPTP, we have unwavering commitment to the end user, and with this scheme, we make owning a home lot more affordable."

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COMMENTS

Shyam Singh Tyagi

6 years ago

I am willing to buy 3bhk flat at noida/ noida extension provided 50% bank loan may be arranged. I am presently working in Indian Railways at Jhansi and gross salary is 5,00,000.00 per annum.

Quantum MF, Yes Bank provide drop-box facility across Mumbai

Investors can now drop subscription applications at any Yes Bank drop box having the Quantum Mutual Fund logo

To provide investor convenience and easy accessibility, Quantum Mutual Fund has tied up with Yes Bank to use its drop-box facility across Mumbai.

Investors can now drop subscription applications at any Yes Bank drop box having the Quantum Mutual Fund logo. These drop boxes are at various locations across the city, including 37 locations at railway stations, 38 ATM sites and five at airports.

Investors will have to follow a few steps like enclosing the application along with the cheques and supporting documents in a sealed envelope with ‘Quantum Mutual Fund’ written on it, before dropping the application into the drop box. Investors can visit www.QuantumMF.com for more details on this facility.

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