DLF has secured a major order from the Government of Karnataka for building Bidadi Knowledge City in 9,1870-acres for positioning it as New Bangalore. The project will entail an investment of over Rs 60,000 crore. The company will join hands with Limitless Holdings, Dubai, a sister company of Nakheel and a part of the diversified Dubai World group in this project.
Karnataka Government, headed by Devegowda family have also secretly joined hands with Mukesh Ambani promoted SKIL [Sea King Infrastructure Ltd] and are using all means to kick off current promoter NICE to takeover the Bangalore-Mysore corridor.
Last week, DLF said it plans to invest nearly Rs 700 crore to develop its second information technology (IT) park in Kolkata. The proposed IT Park will come up on 25 acres of land offering 2.5 million square feet of IT/ITES workspace.
The current price of Rs 856.50 discounts in Q1 June 2007 annualized EPS of Rs 13.59 by a PE multiple of 63.02.
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