Orbit Corporation Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on November 08, 2007, inter alia, to consider the issue of Secured Redeemable Non convertible Debentures (NCD’s) through private placement.

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Unitech, real estate behemoth, is reportedly clinched the country’’s largest single land deal by buying a 1,750-acre plot in Vishakhapatnam from the Andhra Pradesh Infrastructure & Industrial Corporation (APIIC) for Rs 3,328 crore. Unitech’’s deal is enormous in that DLF, India’’s largest real estate firm, paid Rs 1,675 crore this August for acquiring 38 acres from DCM Shriram Consolidated (DSCL) in West Delhi. Though DLF did win a Rs 50,000-crore bid for developing New Bangalore, a 9,000-acre township at Bidadi, the project did not involve a single land deal. It is, however, the largest in terms of size and investment. The company will get some portion of the 9,000 acres from the state government but will have to buy a big chunk directly from farmers at Rs 57 lakh per acre. The exact split is yet to be disclosed.

As for the Unitech deal, industry sources said the company outbid Dubai-based Al Hamrah Real Estate Development LLC. The company plans to develop a total built-up area of 100 million sq ft, comprising villas, high-rise apartments, a golf course & club house, IT park, eco resort, hotel, shopping centre, amusement park, hospitals and educational centres. The project will be developed at an estimated investment of Rs 30,000 crore, phase-wise, over the next 10 years. Unitech is targeting a revenue of Rs 75,000 crore from the project on completion, a source said. Incidentally, the last 15-18 months have seen India’’s two leading real estate developers pitted against each other for the biggest land deals. Last year, Unitech bagged a 340-acre deal in Noida for Rs 1,560 crore. This August, DLF bought the prime Swatantra Bharat Mills property from DSCL for Rs 1,675 crore. Though Unitech’’s Vizag deal is higher in terms of total value, the DLF-DSCL deal, at about Rs 44 crore, is significantly higher on a per acre basis. It also continues to be the largest private sector land deal.

This company has reported in that the sei up a hi-end SAPCOMPETENCY CENTRE at Chennai which will be inaugurated on November 15, 2007. This centre of excellence will focus on SAP related resource creation i.e. consultants, implementation tools, SAP remote hosting solutions and SAP based projects implementation & products. Within a years time the Company aims to have a team of 300+ SAP professionals to cater to its global requirements.Further the Company has announced that Mr. K Chandrasekher has joined the Company as Chief Executive OfficerSAP Division.

Buy Reliance Petroleum at current market price of Rs.175 for short term target of Rs.210.

Reliance Petroleum Ltd has informed exchange that a meeting of Board of Directors of Reliance Petroleum Ltd company will be held 16^th of October 2007 to consider , the disclosures as required under clause 41 and 43 of the listing contract for the last ended quarter. Currently company is growing up and its market price will also touch new peak.

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