UwidoNews

Reliance Infrastructure Ltd. (Rel-Infra), one of India's largest private sector utilities, said on Sunday that it would raise Rs4,300 crore ($909 million), through the issue of preferential shares to its promoters and long-term investors to augment the company's capital base in order to take up bigger infrastructure projects.

Infrastructure development firm Maytas Infra today said it has bagged an order worth Rs 790 crore from IL&FS Transportation Networks Ltd ITNL.

Engineering and construction major Larsen & Toubro (L&T) on Tuesday said that its infrastructure arm has bagged a contract worth Rs844 crore from Nuclear Power Corporation of India Ltd (NPCIL) for construction related works at the Kakrapar Atomic Power Project in Gujarat.

GVK Power & Infrastructure Ltd has announced the Unaudited financial results for the quarter ended June 30, 2009. The Company has posted a net profit of Rs 18.50.

Canon India has reinforced its focus on Hyderabad with the launch of a new city-specific project called 'Mana Hyderabad'. In AP, Canon aims to capture 30 per cent market share in the laser printer segment in 2009, which was 15 per cent in 2008 according to IDC report. Under this project, Canon will be investing Rs 2.25 crore in the first phase through advertising.

Maytas Infrastructure, the listed company promoted by Satyam Computers` B Ramalinga Raju, has decided to sell part of its shareholding in Cyberabad Expressway and Hyderabad Expressway to Terra Projects, a company owned by the Kolkata-based Neco group, reports Business Standard.

ICICI Bank sees a huge opportunity in project and infrastructure finance and mortgage lending, according to its Executive Director, Sonjoy Chatterjee.

It is reported that Maytas Infrastructure has incurred a net loss of INR 473.55 crore for the financial year ended March 31st 2009 as compared with the net profit of INR 90.74 crore in the corresponding period previous year.

Smart card maker Bartronics India Ltd's shares surged 9.26 percent on Friday on hopes that the company is likely to gain from a government project to create a new nationwide identification database.