Parsvnath Developers receives occupation certificate for Parsvnath Panorama

Integrated infrastructure developer Parsvnath Developers Ltd (PDL) said that it has received the occupation certificate for one of its luxury projects, ‘Parsvnath Panorama’, from Greater Noida Industrial Development Authority in Greater Noida.

Located at Kachnar Estate, Parsvnath Panorama has 246 units with an approximate area of 7 lakh sq ft. The project has been designed by Hafeez Contractor. The structure of ‘Parsvnath Panorama’ is earthquake resistant.
The company has realised about Rs122 crore from the Parsvnath Panorama project.

“At present the company’s focus is completely on execution and delivery and we are developing around 80 million sq feet area on fast track completion out of the total 193.98 million sq ft of saleable area. We have speed up all our projects to complete this 80 million sq ft area on quarter on quarter basis,” Parsvnath Developers’ chairman Pradeep Jain said in a statement.

On Wednesday, Parsvnath Developers gained 0.48% to Rs52.20 on the Bombay Stock Exchange, while the benchmark Sensex closed 1.15% up at 20,256.03 points.

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Gayatri Projects wins contract worth Rs1,130.67 crore in Nagaland

Engineering and construction firm Gayatri Projects Ltd said it has won a Rs1,130.67 crore order for widening of roads in Nagaland in consortia with Maytas Infra.

The order is for widening of roads in Nagaland, which was awarded by the Government of Nagaland, Gayatri Projects said in a filing to the Bombay Stock Exchange (BSE).

The joint venture has received a letter of acceptance (LoA) from the Nagaland Government, the statement said.

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Cipla receives demand notices from NPPA for Rs73 crore

Cipla Ltd said it has received fresh notices from National Pharmaceutical Pricing Authority demanding Rs47.7 crore for the drug Salbutamol and Rs25.4 crore for the drug Ciprofloxacin.

“These demands are contrary to the orders of the Supreme Court of India and the company has received legal advice that entire amounts demanded by the government are not tenable and sustainable,” the company said in a filing to the Bombay Stock Exchange (BSE).

On Wednesday, Cipla ended 0.82% down at Rs367.30 on the BSE, while the benchmark Sensex closed 1.15% up at 20,256.03 points.

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