Parsvnath Developers, India leading infrastructure and real estate developer has announced a joint venture with Constructora SAN JOSE, S.A., a subsidiary of Grupo SAN JOSE, a leading infrastructure development company in Spain.Under the terms of the contract, Parsvnath Developers and SAN JOSE will hold equal equity in the consortium. The consortium will be known as The SANJOSE - PARSVNATH CONSORTIUM.
As per the contract, the joint venture company will jointly bid for the upcoming infrastructure development works in the country in the fields of transportation, aviation, power generation and transmission, the company would execute projects through floating project specific SPVs.The company made this announcement during the trading hours today, 18 November 2008.
As per the contract, the joint venture company will jointly bid for the upcoming infrastructure development works in the country in the fields of transportation, aviation, power generation and transmission, the company would execute projects through floating project specific SPVs.The company made this announcement during the trading hours today, 18 November 2008.
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