Reports IVRCL CBI Inquiry Failover

Meanwhile, the BSE Sensex up 155.42 points, or 0.93%, to 16,900.77.

On BSE, 11.96 lakh shares were traded in the counter compared to an average daily volume of 7.09 lakh shares during the quarter past.

The action peaked at Rs 40.25 and Rs 38.10 at least so far during the day. The stock hit a 52-week low of Rs 31.45 August 26, 2011. The stock hit a 52 week high of Rs 174 September 27, 2010.

The stock has outperformed the market over the last month until the September 19, 2011, up 17.32% compared with a gain of 3.74% is the Sensex. Certificates have underperformed the market in the fourth quarter, sliding 41.95% compared to 6.30% in the Sensex down.

The construction company mid-cap with a capital of Rs 53.40 crore. The nominal value per share is Rs 2.

According to reports, the Central Bureau of Investigation (CBI) filed an FIR in court against Pondicherry Rakesh Chandra, Director of Project Implementation Agency (PIA), and others in connection with alleged irregularities in implementing the rehabilitation of tsunami . The FIR was quoted IVRCL issued to work to build homes in tsunami-affected areas in the Rs 4.9 lakh rate against the provisions of the decree stipulates that the government R 1.5 lakh-Rs 1.75 lakh from his house.

CBI had alleged that there was a loss of Rs 35 crore value for the Government of Pondicherry and the central government. The CBI in its FIR had charged the illegal scheme, deception and participation in crooked practices against Rakesh Chandra, Executive Engineer Mohan disabled and IVRCL, Sudhir Reddy constituted by, and other unidentified officials. The quality of construction was also lower compared to the other, the CBI had claimed.

IVRCL net profit fell 85% RS 4.21 billion rupees, or 1.4% growth in net sales of RS 1121.90 crore in Q1 June 2011 on Q1 June 2010.

IVRCL is a leading engineering, procurement and construction (EPC) and lump sum turnkey contract for the application (LSTK) in India. He has a strong presence in sectors such as water structures, transportation, construction, industrial and energy.


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