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Friday, January 18, 2008

KNR Const to raise Rs 134-142 cr via IPO

KNR Constructions is coming out with an IPO and looking to raise between Rs 134-142 crore. Speaking to CNBC-TV18, K Jalandhar Reddy, ED at KNR Constructions informed that the raised money is going to be used for equipment purchase of Rs 21 crore. The company would be investing Rs. 80 crore for their BOT (Build, Operate and Transfer) projects, he added.

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