The infrastructure and real estate sector saw major developments, including new bookings, project expansions, and credit rating upgrades.
Key Highlights
- AB Real Estate (Birla Estates): Secured a booking value of ₹500 crore for Phase 3 of Birla Trimaya in Bengaluru (Positive).
- NCC Ltd: Bagged a significant order worth ₹218.82 crore in February (Positive).
- Unichem Laboratories: Approved the sale of 3.40-acre land and 82,220 sq. ft. building in Mumbai for ₹279 crore to Macrotech Developers Ltd (Positive).
- Great Eastern Shipping: CRISIL Ratings upgraded the company’s ₹1,500 crore non-convertible debentures to CRISIL AAA/Stable from CRISIL AA+/Positive (Positive).
- RailTel Corporation of India Ltd: Secured a ₹37.18 crore work order from Madhya Pradesh State Electronics Development Corporation Ltd (Neutral).
The sector remains positive, with strong bookings and new projects boosting growth prospects.
Disclaimer: This article is for informational purposes only and should not be considered investment advice. Please consult with a financial expert before making any investment decisions.
