This Article is From Nov 23, 2011

Nagarjuna Construction Company Ltd - Acquisition

Nagarjuna Construction Company Ltd - Acquisition
Nagarjuna Construction Company Ltd has informed BSE that: "Nagarjuna Construction Company Limited (NCC) has acquired, through its subsidiary M/s. NCC Power Projects Ltd (NCC PPL), 55% equity stake of M/s. Nelcast Energy Corporation Limited (NECL), which is developing a 1320 MW Thermal Power Project at KrishnaPatnam, Nellore Dist, Andhra Pradesh. NECL has acquired the requisite project land and has also secured all the requisite approvals from the concerned authorities in relation to the project."