Prestige Estates: Prestige Estates Projects Soars 5% with 62.5-Acre NCR Acquisition
The Prestige Estates acquired 62.5 acres worth of Rs.468 Cr for building Residential in Indirapuram extension, NCR area. The residential project come under Presitige City Format.
Prestige Estates Projects Surges Over 5% After Acquiring 62.5 Acres in NCR
PRESTIGE ESTATES Market Price is moving in Descending Triangle and market has rebounded from the support area of the pattern
In early trade on March 22, Prestige Estates Projects saw its share price rise by more than 5% following the acquisition of 62.5 acres of land in Indirapuram Extension, NCR.
Prestige Estates Projects was trading at Rs 1,104.95, up Rs 57.00, or 5.44%, on the BSE.
The acquired land will primarily be developed for residential purposes and will be branded under the ‘The Prestige City’ format.
The acquisition cost amounts to Rs 468 crore, along with a revenue share.
Earlier this month, the company had announced the launch of Prestige Somerville, a luxury residential project in Whitefield, Bangalore, spread over 6.5 acres with a revenue potential of Rs 800 crore.
KTKBANK: Karnataka Bank May Raise Rs 600 Crore via QIP
The KTK Bank MD said Rs.1500 cr fund raising plan is soon completed by First half of 2024. Already Rs.800Cr Fund raised in Second half of 2023, Now Rs.600 cr Fund raising through QIP method, Qualitative Institutional placements method at the discount price of Rs. 231.45 per share.
KARNATAKA BANK Market Price has broken uptrend line in downside
Karnataka Bank Plans Rs 600 Crore QIP, Floor Price Set at Rs 231.45 per Share
Karnataka Bank is considering a Qualified Institutional Placement (QIP) to raise Rs 600 crore, according to CNBC-TV sources. The indicative floor price for the QIP stands at Rs 231.45 per share, slightly lower than the previous closing price of Karnataka Bank shares.
Karnataka Bank shares were trading flat at Rs 232.75 on the NSE.
The QIP is expected to be part of the company’s broader objective to raise Rs 1,500 crore in this fiscal year.
GENSOL ENGG: Gensol Engineering Lands Rs 520 Crore Solar Project in Maharashtra
The Gensol Engg Solar power plant installation and supply of Solar power company acquired Rs.520 cr Solar power project from Maharastra Government. So Company has acquired 500 acre land for Solar panels installations to generate 100MW Solar power to Maharastra.
GENSOL ENGINEERING LTD Market Price has broken uptrend line in downside
Gensol Engineering Lands Rs 520 Crore Solar Project in Maharashtra
Gensol Engineering, a major player in solar power EPC services and electric mobility, secures a significant turnkey order from a power utility in Maharashtra. The project involves developing a 100 MWAC/135 MWp ground-mount solar PV power project spread across 500 acres in Maharashtra, with an order value of Rs 520 Crore. The project aligns with MNRE’s futuristic policy and aims to boost Maharashtra’s energy infrastructure while supporting India’s sustainable energy goals.
Gensol Engineering’s responsibilities cover the project lifecycle, including land acquisition, design, engineering, procurement, logistics, civil and electrical works, permits, installation, commissioning, and three years of operational management. The company expects to meet the project’s completion timeline of 450 days. Additionally, Gensol Engineering recently commissioned a 10.6 MWp rooftop solar project for Trident Limited in Madhya Pradesh, furthering its commitment to clean energy initiatives.
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