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Rs 60 bn order takes DLF ahead of ICICI Bank in mkt cap

Wednesday, July 18, 2007

India's largest real estate developer DLF has overtaken ICICI Bank as far as market capitalisation is concerned.

The company has secured a Rs 6,000 crore contract from Delhi Development Authority (DDA) for constructing an international convention centre in Dwarka.

Located close to Indira Gandhi International Airport in one of the fastest growing sub-cities of the national capital, the centre would be designed, developed and operated by DLF.

In the last week it had joined league of 1,00,000 crore market cap and today raced ahead India's largest private bank, ICICI Bank.

It is at 8th rank in market cap, ahead of India's largest banks ICICI Bank and SBI.

But RIL, ONGC, NTPC, Bharti, TCS and Infosys are still ahead of DLF in terms of market capital.

Mukesh Ambani's oil giant, Reliance Industries has crossed 2.5 lakh crore market cap yesterday. It is the first company in India, which crossed that market cap.

Posted by FR at 5:50 PM  

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Investment in equity shares has its own risks. Sincere efforts have been made to present the right investment perspective.The information contained herein is based on analysis and up on sources that we consider reliable. I, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and I am not responsible for any loss incurred based upon it.& take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations given in this blog.