Wednesday, July 12, 2006

 

Prajay Engineers plans Rs 4 bn auto mall

MUMBAI: Real estate developer Prajay Engineers Syndicate Ltd said it plans to build an automobile mall in the southern city of Hyderabad for 4 billion rupees.

The mall is expected to open in the second half of 2008 and produce a net profit of about 2 billion rupees on revenue of more than 6.7 billion rupees over three years, it said in a notice to the stock exchange late on Tuesday.

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