पोस्ट करनेवाले : keturparekh
| Price when posted : BSE: Rs. 27.50 NSE: Rs. 27.50|
construction stocks rallied sharply after the cabinet approved new arbitration norms that will help in quicker resolutions for construction companies. under the new norms, the government will release 75 percent of amounts against margin free guarantee in cases where arbitral awards have been given but have been contested. the amount released will be used by contractors to complete projects or pay off debts, finance minister arun jaitley said at a press conference. hcc gained 20 percent after ajit gulabchand, chairman and mag director, expects the company to get a fairly large amount following the development. ncc was up nearly 3 percent and idfc rose 9 percent. l&t gained 2.7 percent.
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