Punj Lloyd Group's total order book, on a consolidated basis, now stands at Rs28,725 crore
Punj Lloyd has bagged a Rs1,050 crore order from GMR Projects for upgrading the four-lane Chittorgarh bypass to Udaipur in Rajasthan into a six-lane roadway.
"Worth Rs1,050 crore, the project is scheduled for commissioning in 36 months and has been awarded to Punj Lloyd on a turnkey fixed EPC price basis," Punj Lloyd today said in a statement. The total length of the bypass is 124 kilometres.
"The scope of work for the project includes design and construction. The project forms part of Phase V of the National Highways Development Programme of the NHAI for upgrading the existing four-lane section to six lanes," it said.
"This EPC (engineering, procurement and construction) project from GMR is a testimony to our experience and expertise of completion of projects of national significance," company CEO (Infrastructure) SS Raju said in a statement.
Punj Lloyd Group's total order book, on a consolidated basis, now stands at Rs28,725 crore.
Shares of Punj Lloyd were trading at Rs40.70 apiece on the BSE, down 60 paise, or 1.45%, from their previous close.
Deepak Parekh, who was on the HULs board since 1997, resigned after putting in more than 14 years in the firm
FMCG major Hindustan Unilever Ltd (HUL) today said HDFC Ltd Chairman Deepak Parekh, who is an independent director in the company's board has resigned after more than 14 years of association with the firm citing personal reasons.
Parekh, who was on the company's board since 1997, resigned after putting in more than 14 years in the firm, HUL said in a filing to the BSE.
The resignation is with effect from December 27, 2011, it added.
"Parekh during his long tenure lasting more than 14 years as an independent director made significant contribution to the company and has now chosen to step down given several other commitments that he has," it added. Parekh was also the chairman of HUL's audit committee, it said.
The other independent directors of HUL include A Narayan, TCS vice-chairman S Ramadorai and noted scientist and former Director General of CSIR RA Mashelkar.
Shares of HUL were trading at Rs412.50 on the BSE in the afternoon trade, down 0.94% from its previous close.
During the year, India lost giants like Husain, Sabavala. The year also heralded several new beginnings like visit of Officials from the Louvre in Paris to explore partnerships
New Delhi: Sorrow was overarching sentiment in the year for Indian art as it witnessed the death of two stalwarts - MF Husain and Jehangir Sabavala - bringing to an end an illustrious period, reports PTI.
While Mr Husain, an ex-cinema billboard painter who became a globally sought after artist, died in self-exile in London in June at the age of 95, modern painter Mr Sabavala, who mixed impressionist and cubist styles, died in September at the age of 89 years.
Also, Sohan Qadri and Biren De, two prominent names in the field of art passed away. While artist poet Mr Qadri renowned for his tantrik ideology died in Toronto in March, Mr De, known for his geometric, luminous paintings died the same month here.
All was not gloom this year as India welcomed SH Raza's homecoming after 60 years of stay in Paris. The 89-year-old was a member of the Progressive art movement with Mr Husain, FN Souza and VS Gaitonde among others.
The year heralded several new beginnings; Officials of the Louvre in Paris, one of the world's most visited museum visited India at the year end to explore partnerships for its maiden voyage into the country.
In June, an exclusive Indian pavilion showcased at Venice Biennale supported by Ministry of Culture and Lalit Kala Akademi. Additionaly, there are plans to set up first Indian art Biennale in January 2012 - directed by artists Riyas Komu and Bose Krishnamachari.
The year began with the 3rd India Art Summit, a three-day event that saw drama when MF Husain's works were installed then brought down and subsequently remounted with security. A bigger edition with new partners is scheduled in 2012.
Chennai hosted its first international art fair in the month of March. "Art Chennai" featured over 2000 works by contemporary artists spread over 18 sites in the city.
The India Art Collective- an Internet-based art fair- was launched in November.
Leading names from the art world paid a visit to India; Swiss curator Hans Obrist interviewed 25 intellectuals back-to-back in an eight-hour marathon organised by Khoj.
British-Indian artist Anish Kapoor's first retrospective in India at National Gallery of Modern Art's new wing here and Mehboob studio in Mumbai showcased three decades of his work.
One of the largest museums in America, The Art Institute of Chicago, is developing a major exhibition on royal arts of Jaipur, sourcing centuries-old royal art work from collections at Delhi's National Museum, London's Victoria Albert Museum and the Palace Museum and Albert Museums of Jaipur.
"We are beginning a monumental exhibition on the royal art from Jaipur in Chicago in the year 2013," President and Director, ARTIC, James Cuno told PTI during his visit here.
Meanwhile China is finalising plans to build a museum at Rabindranath Tagore's family residence in Kolkata to introduce the bard's writings, paintings and other work done during his visits to the neighbouring country.
At a book launch function in Delhi Chinese ambassador to India Zhang Yan said he had visited Tagore's home in Jorasanko in Kolkata to finalise the location of setting up of the "small museum that will introduce Tagore's works in China."
A new crop of artists from India showed across the world; Lyon Museum of Contemporary Art hosted "Indian Highway IV" and is traveling to Europe, South America and Asia. The Paris Centre Pompidou showed "Paris Delhi Bombay", between May and September. .
A photography show at Paris's Galerie Duboys, "This is not That," opened in May showcasing the work of several Indian photographers to an European audience.
The World Economic Forum at Davos displayed Mahatama Gandhi statues at various venues, and the Davos city council approved setting up a permanent Gandhi monument there.
"Indian artists Ram and Anil Sutar are working with The Itinerant Museum of Art to create a Gandhi monument for Davos to make Mahatma the 'Spirit of Davos'," Fernando Morales-de la Cruz, museum founder told PTI.
Similarly international artists showed in the country; The Kalighat paintings, brought in by the Victoria and Albert Museum in London toured India and the museum plans to display 50 of Rabindranath Tagore's paintings from period 1928 to 1939 in London from December this year to March 2012.
In 2012, the V&A is scheduled to host a show of Indian design called 'India Design Now', which will be curated by the museum and the National Institute of Design in Ahmedabad.
In April an exhibition "Oriental Scenery-Yesterday and Today" at IGNCA in Delhi featured aqua-tints by Thomas and William Daniel who in 18th century documented life in India. A photo exhibition was shown simultaneously by Italian lensman Antonio Martinelli, who retraced uncle-nephew duo's voyage.
Works by Stefan Norblin, a 20th century artist from Poland, who received patronage and commissions from royalty during his stay in India was shown at the NGMA here.