Maytas Infra selected to develop airport

Maytas Infra Ltd has announced that the Infrastructure Development Department, Government of Karnataka, has selected a consortium of the Company, NCC Infrastructure Holdings Ltd (NCC) and VIE India Project Development and Holding LLC (VIE) to develop and operate airport proposed at Gulbarga and Shimoga on BOT basis. Two separate Special Purpose Companies are to be set up for the above said purpose and the details of Consortium Partners and Shareholding pattern of the Company, NCC and VIE are 37%, 37% and 26% respectively. The Construction Period is 24 months from the date of signing the agreement and the Concession Period is 30 years and the Agreement shall at the option of Consortium be extended for a further period of 30 years.

Grey Market Premium Weekly Update

Following are the grey market premiums heard on the street

Dhanus Technologies has a premium of 95

Consolidated Construction has just zoomed from 200 to around 300

Supreme Infra has a premium of 80, a increase from 65 odd levels

Saamya Biotech has a massive increase as well - a premium of 11 - thats more than double the issue price

MAYTAS Infra has a premium of 155

Circuit Systems has a modest premium of 5

and

Reliance Power has a premium of 45! even before the issue price is decided

Grey Market Premium - Reliance Power, Dhanus, Consolidated Constructions

We hear the following grey market premiums

Reliance Power at around 35

Dhanus Technologies has staged a comeback with a grey market premium of Rs 90

Consolidated Constructions has also picked up at around Rs 210

MAYTAS Infra has an excellent premium of Rs 140

Supreme Infrastructure maintains premium of Rs 55