Saturday, November 24, 2007

DS Kulkarni, Kardan to build 250-acre Special Economic Zone in Pune, India

India's DS Kulkarni Developers Ltd said it signed an agreement with Netherlands-based Kardan NV unit GTC Real Estate NV, to develop a 250 acre multi-services Special Economic Zone (SEZ) in the western Indian city of Pune.

Under the agreement, GTC Real Estate will invest about 96 mln usd in the 50:50 joint venture in a phased manner.

At 0622 GMT, DS Kulkarni shares rose 3.88 pct to 286.45 rupees outperforming the BSE 30-share Sensex that was trading up 1.18 pct at 18,744.36.


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