RPP Infra Projects receives new work orders worth INR 174.03 Crores
Posted On: 2021-02-03 22:58:35 (Time Zone: Arizona, USA)
RPP Infra Projects Limited has announced a new order win worth INR 174.03 Crores in JV (49:51).The company (49 % holding) along with its JV partner (51 % holding) has won an order for the construction of Integrated Storm Water Drain in North Korattur Lake Watershed of Kosasthalar basin in the extended area of Greater Chennai Corporation under Integrated Urban flood Management for the Chennai Kosasthalalyar Project funded by Asian Development.
Further, with the above work order, the Company is on way to have order Book of Rs. 2,000.00 Crores at the end of FY21. These orders would result in improved financials of the Company.
Gayatri Projects Ltd receives 4 LoAs for Namami Gange, Rural Water Supply project
Posted On: 2021-01-26 23:20:18 (Time Zone: Arizona, USA)
Gayatri Projects Limited ( GPL ) has received four (4) Letter of Awards (LoAs) for Pipe Drinking Water Schemes from Namami Gange and Rural Water Supply Department in the State of Uttar Pradesh, in joint venture where the company s share is 97.5%, for a total value of INR 1,748,00 Crores (One Thousand Seven Hundred and Forty Eight crores). All the above LoAs pertain to water division.
The above LOAs supersede the earlier 3 (three) LoAs awarded to the Company of value INR 1,332.00 crores which was announced earlier.
Trading Buy
Share price may exceed 15 per cent over the next 3 months; however, longer-term outlook remains uncertain
Neutral
Share price may fall within the range of +/- 10 per cent over the next 12 months
Take Profit
Sell
Share price may fall by over 10 per cent over the next 12 months
Most of the brokers give their rating based on the stock’s expected total return , which considers a company’s share price appreciation plus its dividends.
The eagle-eyed ones would have also noticed that the broker ratings are given over a 12-month time frame.
If you are an investor, a one-year period is too short in my opinion.
Former NADECO Chieftain Alleges Plots To Take Over His Ikoyi Property
Obioha said he initially had a joint venture agreement with Tokosi to develop the property to an acceptable standard, but today, he is fraudulently twisting the agreement we had”.
by SaharaReporters, New York
Jan 15, 2021
Former chieftain of the defunct National Democratic Coalition, NADECO, Ralph Obioha, has alleged that there are plots by his former employee and lawyer to take over his property after the duo destroyed his documents.
Obioha said his former employee, who also doubles as the Managing Director at First African Trust Bank, Yomi Tokosi, and his former lawyer, Chima Okafor, have perfected plots to take over his property located at N24A Ikoyi Crescent, Ikoyi, Lagos State.