Infrastructure shares in demand

Among companies operating in the infrastructure sector, IVRCL (up 5.65%), Lanco Infratech (up 4.24%), GVK Power & Infrastructure (up 3.14%), Bhel (up 2.35%), L&T (up 2.23%), Gammon Infrastructure Projects (up 1.96%), Jaiprakash Associates (up 1.96%), GMR Infrastructure (up 1.7%) and IRB Infrastructure Developers (up 1.61%), edged higher.

Among shares of construction firms, NCC (up 10.47%), Madhucon Projects (up 5.82%), Simplex Infrastructures (up 5.26%), Era Infra Engineering (up 4.97%), Valecha Engineering (up 3.04%), Hindustan Construction Company (up 2.93%), Unity Infraprojects (up 2.75%), Gammon India (up 2.41%) and Pratibha Industries (up 2.21%), edged higher.

Among shares of infrastructure finance companies, SREI Infrastructure Finance (up 2.26%) and IDFC (up 1.09%), edged higher.

The S&P BSE Sensex was up 111.14 points, or 0.57% at 19,506.95.

Prime Minister Dr. Manmohan Singh on Friday, 28 June 2013, held a meeting with the ministries of power, coal, railways, roads, shipping and civil aviation to set up targets for the current fiscal year. The Prime Minister highlighted the need to ramp up investment in infrastructure to revive investor sentiment, a statement from the Prime Minister's Office (PMO) said. For this purpose, a target of rolling out public-private partnership (PPP) projects of at least Rs 1 lakh crore in the next six months has been set, the PMO said.

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