Corporate news

Aban Offshore Ltd's wholly-owned subsidiary DDI Holding AS has redeemed the bonds having a principal amount aggregating $160 million (equivalent to about Rs. 800 crore) along with accrued interest, on the due date (i.e.) January 19.

LIC Housing Finance Ltd's board of directors will, on January 30, consider further issue of equity shares through preferential allotment and / or qualified institutional placement.

Micro Technologies , an IT security-based R&D company, will be executing a project worth Rs 160 crore for creating a highly secured communication system called ‘VOB' (Video over Broadband) for a major PSU. The system includes security surveillance system with access control.

Punj Lloyd Infrastructure Ltd, a wholly-owned subsidiary of Punj Lloyd Ltd, has received a Letter of Award (LoA) from the Delhi Police for the construction of police residential complex at Dheerpur, Delhi, on a Design-Build-Finance-Operate and Transfer (DBFOT) basis.

The project, estimated to cost Rs 1,300 crore, involves construction of over 5,000 residential units (approximately 40 lakh sq.ft) along with necessary utility facilities and non-residential infrastructure such as schools and shopping facilities.