Vallabh Steel to foray into realty business

Tuesday, December 26, 2006, 16:37 [IST]

New Delhi, Dec 26 (UNI) Vallabh Steels Ltd, a manufacturer of galvanised pipes, sheets and other discrete components, today announced plans to foray into real estate business.

''The Board of Directors decided to amend the Memorandum of Association of the company by including an enabling clause in other objects so as to decide in future to diversify into real estate business,'' a company statement said.

The decision is subject to the approval of shareholders by way of passing the special resolution through postal ballot.

UNI CS SRS VV1542

Other articles published on December 26, 2006

AI welcomes second plane for low cost subsidiary

Tuesday, December 26, 2006,16:37 [IST]

New Delhi, Dec 26 (UNI) Air India (AI) today received the second Boeing 737-800 aircraft which will be inducted into the fleet of its low cost subsidiary. The first aircraft was inducted on December 6. This increases the fleet size of AI Express to nine, seven of which are on lease. ''With the induction of this aircraft into the fleet, AI Express can now start operations between Bahrain, Doha, Mumbai, Thiruvananthapuram, Kochi and Kozhikode from.....

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Tuesday, December 26, 2006,16:37 [IST]

New Delhi, Dec 26 (UNI) Panoramic Universal Ltd, with interests in hotels and Information Technology, today said it has decided to foray into realty apart from its massive expansion plans in the hospitality sector. In the next three years, the company will be looking at projects in the range of Rs 1,000 crore, which will be funded through various routes like Qualified Institutional Placement (QIP), Foreign Currency Convertible Bonds (FCCBs), Private Equity, strategic partnership.....

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Era Infrastructure launches projects worth Rs 310 cr in Meerut

Tuesday, December 26, 2006,16:37 [IST]

New Delhi, Dec 26 (UNI) ERA Infrastructure (India) Ltd today launched two new projects, ERA Mall and ERA Gardenia Estate, in Meerut and said it will invest a total of Rs 310 crores in their development. To be located near the Delhi-Meerut highway, ERA Mall will be completed in one-and-half year at an outlay of 60 crores. ''ERA Mall would make eminent business sense for retailers, as the mall would attract significant footfalls and potential customers.....

GIHED to promote Ahmedabad at 'Brand Ahmedabad, Target 2020'

Tuesday, December 26, 2006,16:38 [IST]

New Delhi, Dec 26 (UNI) In an effort to showcase opportunities in the infrastructure, real estate, IT, SEZs, and education sectors, the Gujarat Institute of Housing&Estate Developers (GIHED) is organising a three-day property show -- Brand Ahmedabad, Target 2020 -- in Ahmedabad from January 5 next year. Leading corporate and national players including Reliance, DLF, Unitech and Raheja Group will participate in the event. A total of 80 builders will showcase an average.....

Saints rushed to hospital in Allahabad

Tuesday, December 26, 2006,16:38 [IST]

Allahabad, Dec 26 (UNI) The Allahabad police forcibly rushed to hospital the saints, including Akhil Bhartiya Khaddarshan Akhara Parishad 'mahant' Dharam Das, who were sitting on an indefinite fast in front of the office of Ardh Kumbh Mela officer. The saints were protesting the refusal of the allotment of land in the Mela area since last five days. The police reached the spot and forcibly rushed the saints to SRN hospital. The saints, who.....