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Era Group endures reformation

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Chairman and MD of Era Groups, said to the www.propertykhazana.com that, “The group is on idea to union Era Landmarks which is into housing and commercial spaces with Era E-Zone – earlier Era Financial Services – which operates in the amusement and hospitality sectors. We are waiting for the permission from the BSE for this combination. Mr. Bharana also stated about the merge of Era Power with Era Infra Engineering soon. We have to form three prone – construction and infrastructure, realty and construction supplies. Group will instead concentrate on these three prone than expansion” he added. Era Infra Engineering kitty is full with projects worth Rs. 5,000 Crores which are listed to be ready in couple of years.
Till now the firm’s largest venture was for Rs. 600 Crores in Delhi-Haryana National Highway which is nearing completion. EIE is assigned with Rs. 209 Crores venture from Naya Raipur Development Authority and it had also obtained Rs. 129 Crores deal for the redevelopment and up gradation of Raipur Airport for which it had joined hands with Ukrainian firm KMB.
In the meantime, Era Power is eager to ingress into the nuclear power arena once the Govt. permits private players in the sector, said Mr. Bharana. Many Infrastructure and power conglomerates are interested in venturing into this field after India’s nuclear contract wit US received a nod by the Nuclear Suppliers Group. For more updates on realty market browse www.propertykhazana.com.
Source: NBTVLIVE

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