Era Infra Engineering Ltd has announced that the Company is primarily in business of construction / development of Highways, Railways, Power Plant, Airports, Urban Infrastructure and Housing etc. The Company is now expanding its horizon in Power Sector. In pursuance of this objective, the Company is going to establish a thermal Power Plant of 1200 MW in the State of Madhya Pradesh.
In this pursuit the Company has initiated relevant steps and procedures for obtaining various clearances and permissions from concerned departments.The Company has, in this regard, entered into an "Agreement to Sell" for the purchase of land at Village Jatwar, Chandia, Dist - Umaria, Madhya Pradesh on July 08, 2008.Other steps required for establishing the said power project are being initiated.The stock was trading at Rs.573, down by Rs.4.45 or 0.77%. The stock hit an intraday high of Rs.580 and low of Rs.567.The total traded quantity was 5172 compared to 2 week average of 40578.
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