IRB Infra in focus after achieving financial closure for BOT project

IRB Infrastructure Developers said that its special purpose vehicle (SPV) has successfully achieved financial closure for its Udaipur-Gujarat Border 6 Laning BOT (build-operate-transfer) project. The announcement was made after market hours yesterday, 5 July 2017.

NBCC (India) said it secured total business worth approximately Rs 630 crore in June 2017. The announcement was made after market hours yesterday, 5 July 2017.

Cadila Healthcare announced its intention to enter into a long-term arrangement with Phibro Animal Health Corporation to license Phibro's innovative poultry vaccine technologies and know-how to a new vaccine manufacturing facility to be built by Zydus Cadila to serve the fast growing poultry market in India. The announcement was made after market hours yesterday, 5 July 2017.

Sobha said it achieved new sales volume of 815,230 square feet (sq ft) in Q1 June 2017 valued at Rs 623.40 crore with an average realisation of Rs 7647 per sq ft. The company in its real estate operational update for Q1 said its share of sales value is Rs 562.70 crore with an average realisation of Rs 6903 per sq ft. The sales volume and total sales value are up by 12.7% and 11.9%, respectively, compared with Q4 March 2017. The announcement was made after market hours yesterday, 5 July 2017.

Om Metals Infraprojects said it sold its cineplex division, Om Cineplex Commercial Complex, for Rs 18 crore to Princess Infra and Development. The announcement was made after market hours yesterday, 5 July 2017.

Shriram EPC said it bagged order worth Rs 71 crore from Palani Temple in Tamil Nadu marking the company's foray into the transportation business. The scope of this project includes design, manufacture, supply, erection, testing, commissioning, operating and maintenance of the second ropeway to the temple that will serve 1,200 people per hour. The announcement was made after market hours yesterday, 5 July 2017.

Tanla Solutions said its board of directors, through resolution passed by circulation approved allotment of 14.83 lakh equity shares of the company, fully paid up, pursuant to conversion of warrants into equity to D. Uday Kumar Reddy, the promoter of the company. With this allotment, D. Uday Kumar Reddy has subscribed and was allotted 50 lakh equity shares upon conversion of preferential warrants. The announcement was made after market hours yesterday, 5 July 2017.

Cyient announced that it has signed a non-exclusive business alliance agreement with Kii Corporation, a leading Internet of Things (IoT) solutions enablement platform provider, to explore, bid and address business opportunities around smart city deployments. The announcement was made after market hours yesterday, 5 July 2017.

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