Prajay Engineers forms JV with Sunway City

New Delhi, Jan 5: Prajay Engineers Syndicate Ltd today said it has entered into a joint venture (JV) agreement with Sunway City India Pvt Ltd, a subsidiary of Malaysia's Sunway City Bhd.

The JV will develop one of the company's upmarket residential condominiums projects in Hyderabad.

The company has recently passed resolutions to increase its borrowings powers to Rs 600 crore from Rs 400 crore.

UNI