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MEP Infrastructure Developers, Sagar Cements and IndiGo to see some action today

MEP Infrastructure Developers, Sagar Cements and IndiGo to see some action today

MEP Infrastructure Developers’ subsidiary — MEP SANJOSE Talaja Mahuva Road has achieved the milestone one for the project of four laning of Talaja- Mahuva Section of NH – 8E from Km. 53.585 to Km. 100.100 (design chainage from Km. 54.990 to Km.100.450) (Package – II) in the state of Gujarat on Hybrid Annuity mode under NHDP Phase IV, as per the Concession Agreement.

Sagar Cements has reported the cement production and sales figures for September 2018. The company’s consolidated cement production/purchase for September 2018 stood at 256,507 million tonnes (MT), up by 27.18% compared to 201,690 MT produced in September 2017.

InterGlobe Aviation (IndiGo) is planning to start flight operations to Male, Maldives and Phuket, Thailand from November. As part of its international expansion, the company will operate daily non-stop flights between Male-Kochi and five weekly service from Mumbai and twice weekly from Bengaluru. Besides, the company will also operate six weekly flights between Delhi and Phuket.

Sobha has achieved new sales volume of 1,031,602 square feet total valued at Rs 740.8 crore during July-September quarter with an average realisation of Rs 7,181 per square feet. The sales volume is up by 7 percent as compared to preceding quarter & up by 19 percent Y-o-Y.

Jammu & Kashmir Bank’s overall business has crossed a benchmark of Rs 1,50,000 crore including Rs 1,00,000 crore in the state of Jammu and Kashmir.

PNB Housing Finance has raised $200 million (Rs 1,470 crore) through External Commercial Borrowing (ECB), it’s first under the automatic route of Reserve Bank of India (RBI). The funds will be used for normal business operations i.e. lending purpose. This year RBI has allowed housing finance companies to borrow through ECB under the automatic route.

Sunteck Realty has raised funds worth Rs 35 crore through issue of Commercial Paper (CP). The date of allotment of CP is October 5, 2018 and the instrument will mature on December 24, 2018. The tenure of the instrument is 80 days. The company has received rating of ‘A1+’ for the CP from ICRA Ratings.