Ludhiana: The Punjab Vidhan Sabha committee of the local bodies department conducted a meeting with civic body and Ludhiana Improvement Trust official.
The company is in discussions to acquire Vindhyachal Expressway (VEPL), which is four-laning the section between Rewa in Madhya Pradesh and Varanasi in Uttar Pradesh on NH-7, said two people aware of the development. New York-based Global Infrastructure Partners (GIP) is also in talks to acquire VEPL, said the people.
Usually, promoters selling a stake in a company is considered lack of confidence in the business and leads to selling in stock markets. However, investors have disregarded the sale, and continued to buy stock.
The orders include water projects worth ₹1,497 crore, and B&F (building and factories) projects worth ₹780 crore. JMC Projects is a subsidiary of Kalpataru Power Transmission