Prajay Holdings gets $ 36 mln FDI for Hyderabad projects

New Delhi, Nov 18 (UNI) Prajay Holdings Pvt Ltd, a 100 per cent subsidiary of the Prajay Engineers Syndicate Ltd, has received a 36 million dollar foreign direct investment for one of its prime projects at Hyderabad.

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, aimed at developing about 40 lakh square feet of land, is expected to be completed early 2012, it added.

UNI