RPPInfra Projects Ltd had received in-principle approval from two banks inRepublic of Gabon and Congo, to fund its Rs 1,500-crore (Euro 250 million) masshousing contract in Gabon. Ecobank of Libreville, Gabon, and BDEAC Bank,Brazaville (Congo), have approved the funding for the Gabon Housing project. Outof this, Ecobank has already sanctioned Rs 170 crore for the project, asfunding for the first phase. Negotiations are onwith BDEAC Bank and the approval is expected to be completed in a month.
TheDesign, Build, Finance and Transfer (DBFT) model contract is to construct anddeliver 10,000 houses over 36 months over various phases. It would set up 1,500housing units in the Phase I, spread over 70 hectares at an estimated value ofRs 200 crore. This funding willhelp the company in mobilising resources and to speed up the project and tocomplete the project in time. The government of Gabon has also offered variousincentives including tax sops, duty-free import of machinery, tools,construction materials and plant.
Thecompany's total order book has touched Rs 2,150 crore, as on August 1, 2011,which is to be executed over next 36 months. It has so far completed around 200civil projects in India, mainly in Karnataka, Andhra Pradesh, Tamil Nadu and inAndaman and Nicobar Islands. It has also forayed into Sri Lanka for railwayproject.crackcrack
| Company Name | CMP |
|---|---|
| Dilip Buildcon | 427.05 |
| Macrotech Developers | 1234.25 |
| NBCC (India) | 88.13 |
| Phoenix Mills | 1534.25 |
| Ahluwalia Contract(I | 944.75 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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