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  1. Carnival Group picks L&T project for Rs 1,785 cr

Carnival Group picks L&T project for Rs 1,785 cr

Carnival Group announced the acquisition of a commercial real estate project of L&T Group in Chandigarh for a deal value of Rs 1,785 crore. It includes ‘Elante Mall’, ‘Hyatt’ luxury hotel and the office premises with a central courtyard, company said in a statement. Elante mall with its retail space of over 1.5million sq ft […]

By: | Mumbai | Published: October 1, 2015 12:29 AM

Carnival Group announced the acquisition of a commercial real estate project of L&T Group in Chandigarh for a deal value of Rs 1,785 crore.

It includes ‘Elante Mall’, ‘Hyatt’ luxury hotel and the office premises with a central courtyard, company said in a statement.

Elante mall with its retail space of over 1.5million sq ft is the largest mall in Chandigarh. The retail space hosts premium national and international brands along with a mix of hypermarket, departmental stores etc.

Elante also has an entertainment zone with multiplex and food court that caters to its customers, spread across 20 acres.

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  1. H
    Harry Potter
    Oct 6, 2015 at 10:55 am
    L&T in melting - devil or the deep blue sea - stake or post losses. Complete stake at Dhamra Port (Rs 2500 crores) to Adani group saved LnT from posting losses in q1-2014. LnT Inra stake to Canadian FII (2000 crores) saved LnT from posting losses in q2-2014. LnT Finance not made any money for shareholders in 6-7 yrs, 10% stake sold to Bains, 1300 crores. Kuttapali Port deal final with Adani. On a look out to sell Rajpura Power plant – cost 9600 crores. Plans to sell 15% stake at LnT Infotech to raise 2k crores. Threatened to pull out from Hyderabad Metro 16 k crores, LnT opts out of GAIL tender to build LNG carrier, ss Kachchigarh Gujarat port project. L&T’s commercial real estate project in Chandigarh sold to Carnival Group – Rs 1785 crores. LnT Halol Shamlaji Tollway defaults on Rs 1014 crore loan. LnT Chennai Tada Tollway defaults on Rs 475 crore loan. Inherent malignancies – Hydrocarbon and Ship Building losses of Rs 900 cr each, Hyderabad Metro cost overruns Rs 4k crores, Rs 5k crores stagnating investment in Defence. Financial mismanagement charges see a dozen leaving L&T Hydrocarbon arm. Aging CXO-MD potion of septuagenarians, leading the pack 73 yrs old Chairman Mr Naik completed 50 yrs with LnT as Paid Employee. LnT stock touched 18 month low of 1412, from all-time and 3 months peak of 1879. Total consolidated debt 2014-15, 90.7 thousand crores. Lost whopping 20 percent in last 3 months ! Post Q2-2015 results 3 yr low of 722 ?? Another Satyam in making - L&T like Satyam was barred by World Bank over FORGERY !
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