Friday, February 26, 2010

 

 

Mr. Amitabh Das Mundhra

Director, Simplex Infrastructures Ltd.

 

 

Commenting on the Union Budget 2010, Mr. Amitabh Das Mundhra, Director, Simplex Infrastructures Ltd, said, “We are appreciative of the budget measures to put the economy on a 9 percent growth target. Infrastructure, both rural and urban, seems to be a central theme this year, accounting for 46 percent of the overall allocation. It would certainly have an overall positive impact on the sector. However, the only exception is hike in MAT on companies from 15 to 18 percent which could have a negative bearing on the sector.”

 

 

 

About Simplex Infrastructures Ltd (BSE SCRIP ID: SIMPLEXIN, NSE SCRIP ID: SIMPLEXINF, Bloomberg; SINF IN, Reuters: SMCP.BO): Incorporated in 1924, Simplex Infrastructures Limited is the largest pure play civil construction & engineering contractors in India, with more than eight decades of successful operations and completion of about 2300 projects in India and abroad. Simplex Infrastructures has presence across various construction verticals, which include piling, industrial plants, power plants – thermal; nuclear; hydel; urban infrastructures & utilities, buildings and housing, marine, roads; railways; bridges & elevated corridors

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