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A customer tries gold bangles inside a jewellery showroom at Noida April 21, 2011. REUTERS/Parivartan Sharma/Files

MCX IPO fully covered on 2nd day

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IRB Infra emerges lowest bidder for Punjab project

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From the Financial Times

India: investing far too little

MUMBAI, June 19 | Fri Jun 19, 2009 12:58pm IST

MUMBAI, June 19 (Reuters) - IRB Infrastructure Developers Ltd (IRBI.BO) said on Friday it has emerged as the lowest bidder for a highway project in Punjab worth an estimated 12 billion rupees.

The company has also sought a grant of 1.27 billion rupees for the project, which is on build-operate-transfer basis, from the National Highways Authority of India, it said in a statement to the stock exchange.

(Reporting by Nandita Bose; Editing by Sunil Nair)

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