West Bengal
L&T Construction today said it has bagged orders worth Rs 2,050 crore across various business segments in August and September. Its power transmission and distribution segment bagged orders worth Rs 1,213 crore in domestic and international markets, the company said in a statement issued here. It bagged a turnkey project from the Tamil Nadu Transmission [...] Continue Reading »
At the 51st Annual General Meeting of the Indian Paint Association – which is a CII affiliate – in Kolkata on Monday, West Bengal’s Minister for Municipal Affairs and Urban Development, Firad Hakim, said that the State has made a strong pitch for 10 ‘smart cities.’ With regard to West Bengal’s proposal for 10 ‘smart [...] Continue Reading »
One of the assets of the Calcutta Stock Exchange (CSE) is up for sale. The asset is a three-acre prime land on the eastern corridor of Kolkata. For the sale of the prime land, CSE has hired property consultant Jones Lang LaSalle (JLL). Going by the estimates of unidentified sources in the realty market, the [...] Continue Reading »
In Kolkata on Friday July 18, the West Bengal IT Minister, Amit Mitra offered Nasscom a 10,000 square feet of “ready” space to set up its first incubator in the region. Mitra stated that this space has been allotted in the IT township of Sector V in Salt Lake. The space will be provided by [...] Continue Reading »
The central government had stated that they are trying to ensure certain rules and regulations in the Land Acquisition Act which can make the Act more investor friendly as well as benefit the farmers. Making a statement on this issue, West Bengal’s Chief Minister, Mamata Banerjee stressed on saying that she will not allow any [...] Continue Reading »
During the course of a speech at a programme held in West Midnapore district, West Bengal Chief Minister Mamata Banerjee reiterated, yet again, that the government will not resort to forceful acquisition of land for industrialization. Asserting that the West Bengal government is “against forceful acquisition of land,” Banerjee said that land for industrial projects in West Midnapore district [...] Continue Reading »
The West Bengal government has now come up with proposals for projects worth Rupees 600 crore since the time the elections have come to an end. The projects have clearly focused on food parks, gems and jewellery. 14 plots have been approved of for providing employment to about 20,000 people. This was declared by the [...] Continue Reading »
Companies may no longer be able to run money circulating schemes using real estate and travel agencies as surrogates. As per the Companies (Acceptance of Deposits) Rules, 2014, introduced by the ministry of corporate affairs, funds raised by any entity with an assurance to refund with or without interest at the end of the specified [...] Continue Reading »
Infrastructure firm IL&FS Engineering and Construction informed that they were successful in getting a Rs 300- crore contract for elevated metro stations on Kolkata Metro Line in West Bengal by Rail Vikas Nigam Ltd (RVNL). The company says that they are awarded a contract by RVNL, Kolkata for a value of Rs 299.76 crore for [...] Continue Reading »
Nearly 300 crore has been invested in real estate projects in the State by Primarc Group, which runs the ‘Crossword’ franchisee in West Bengal. At least six projects across the IT-township of Sector V in Salt Lake Kolkata are already under various stages of construction in proper and other fringe areas and suburbs like Birati [...] Continue Reading »
