MoneyWorks4Me

Concurrent (India) Infrastructure to divest land and building

08 Feb 2012 Evaluate

Concurrent (India) Infrastructure has received an approval to sell, lease or otherwise dispose off the land and building situated at Shirur taluka in Pune for financial re-structuring. The board of directors at its meeting held on February 06, 2012 has approved for the same.

Last year in May, the company through its 100% subsidiary company - Vakratund Ispat - had bagged an order worth Rs 6 crore for TMT bars.

Concurrent (India) operations cater around two businesses viz., power and construction. It also has a significant presence in the construction of hospitals, roadways, commercials, residential complexes, erection, material handling, engineering and power generation’s project.

Peers
Company Name CMP
Larsen & Toubro 3850.00
Kalpataru Projects 1375.25
NCC 137.30
Rail Vikas Nigam 198.90
KEC International 406.80
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