-- Industrial & Infrastructure Fund Investment (TYO:3249) said it will acquire two logistics-related real estate assets in Osaka and Hyogo for a total of 3.9 billion yen, according to a Wednesday filing on the Tokyo Stock Exchange.
The assets, to be acquired from Proterial and its affiliate, include facilities in Sakai and Nishinomiya, with a combined average NOI yield of 4.4%. The acquisition is scheduled for April 30.
Hindustan Construction Company (NSE:HCC, BOM:500185), through its joint venture, has clinched an infrastructure contract worth 29.2 billion Indian rupees from the City and Industrial Development Corporation of Maharashtra (CIDCO), according to a Friday filing to the Indian stock exchanges.The contract is for the construction of a 22.21 km raw water tunnel and a 250 million liters per day water treatment plant in Raigad in Maharashtra, India.The project has been awarded to the company's joint venture LCESPL-HCC, in which HCC is responsible to execute works worth around 11 billion rupees.The scope of work also includes the design, build, supply, erection, testing and commissioning of the water treatment plant, along with 15 years of comprehensive operation and maintenance under a design, build and operate (DBO) contract model.The company's shares were down nearly 1% in recent trade.
Investigator Silver (ASX:IVR) is focused on advancing the Paris silver project in South Australia toward a development decision, including through environmental and permitting activities as well as front-end engineering design and execution planning, according to a Friday Australian bourse filing.It also plans to conduct targeted infill drilling to increase data density in early mining areas, per the filing.Its shares fell 4% in recent trading on Friday.
Birla (NSE:BIRLACORPN, BOM:500335) has clarified in a Thursday filing to Indian stock exchanges that the 9.44 million tons figure disclosed earlier for the Bikram coal mine in Madhya Pradesh, India, refers to extractable reserves and not annual production capacity.Shares of the company fell nearly 1% in Friday's trade.The company added that the peak rated capacity of the mine is 0.36 million tons per annum, according to the filing.