financetom
News
financetom
/
News
/
Have floated tender for 7-8 Amrapali projects, says NBCC
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Have floated tender for 7-8 Amrapali projects, says NBCC
Jan 4, 2019 2:21 AM

NBCC has floated tender for appointment of contractors and agencies for about 8 Amrapali projects, said Anoop Kumar Mittal, chairman and managing director of NBCC, adding that the company was waiting for Supreme Court's directions.

The Supreme Court (SC) had directed NBCC to complete the stalled Amrapali projects.

“Since there was vacation for courts in the month of December, this week or next week court will hear this matter and it will decide how to proceed in this. Once the directions will come from the court, immediately we will star the work,” he said.

“As far as Jaypee is concerned, Jaypee Infratech Ltd (JIL) is in national company law tribunal (NCLT) and interim resolution professional (IRP) has floated the tender for total company Jaypee Infra and NBCC is one of the five bidders who have submitted their expression of interest (EoI). On January 27, the financial bid will to be submitted and the committee of creditors (CoC) will decide the fate of this company and we are very keen to take that company mainly because there are again 25,000-30,000 buyers who have not got the houses. We feel that we are in a better position to compete not only those houses but to develop the 2,000-3,000 acre land and other properties of JIL,” he added.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Euro moves in a positive zone as the week opens up
Euro moves in a positive zone as the week opens up
Jun 2, 2025
The euro rose in European trade on Monday against a basket of major rivals, moving in a positive zone against the dollar amid renewed negative pressures on the US currency due to mounting US-China trade tensions. Recent positive eurozone data and bullish remarks from ECB officials led to divisions among policymakers about the prospect of a rate cut in June,...
US dollar falls as trade tensions resume
US dollar falls as trade tensions resume
Jun 2, 2025
The US dollar dipped down on Monday and gave up some of the gains made last week as investors assess the impact of US President Donald Trumps tariffs. The dollar was hurt after Trump announced plans to double the steel and aluminum tariffs to 50%, while China and the US traded criticism and accusations of violating the recent trade agreement...
Loonie edges higher after positive data
Loonie edges higher after positive data
May 30, 2025
The Canadian dollar rose against a basket of major rivals on Friday following strong growth data. Canadas GDP growth clocked in at 0.1% in March, as expected. On trading, the CAD/USD pair rose 0.6% as of 20:51 GMT to 0.7286. Aussie The Australian dollar was little changed against the US dollar at 0.6443. US Dollar The dollar index rose 0.1%...
Yen extends gains amid mounting global tensions
Yen extends gains amid mounting global tensions
Jun 2, 2025
The Japanese yen rose in Asian trade on Monday on track for the third profit in a row against the US dollar on haven demand amid mounting global and geopolitical tensions. Renewed US-China tensions threaten to tank the initial trade agreement reached in Switzerland, with increasing animosity between Russia and the west after Ukraine executed a complex attack that targeted...
Copyright 2023-2025 - www.financetom.com All Rights Reserved