Prajay Holdings receives $ 36 mln FDI for Hyderabad projects

New Delhi, Nov 15 (UNI) Prajay Holdings Pvt Ltd, a 100 per cent subsidiary of the Prajay Engineers Syndicate Ltd, today said it has received 36 million dollars foreign direct investment for one of its prime projects at Hyderabad for the development of around 40 lakh sq feet of land.

The company has already received first instalment of five million dollars and the balance is committed to come in due course of time depending on the project development, a statement said.

The project is envisaged to be completed early 2012, it added.

UNI