"India Inc. will witness a huge dearth of good and experienced independent directors next year," said Berjis Desai, a veteran lawyer and director on several boards. "There are about two dozen professionals who can actually bring value to the table but hundreds of boards will require experienced independent directors and hence we may see a mega churn in several boards," adds Desai, who is on the board of several companies including Great Eastern Shipping, Man Infraconstruction and Jubilant Foodworks among others.

Man Infraconstruction Limited has informed the Exchange about Credit Rating.

“The latest addition of the project will expand MICL Groups real estate portfolio from 4.6 million sq ft to 6.3 million sq ft of carpet area. The project having total construction area of over 50 lakh sq ft is likely to be undertaken by Man Infraconstruction and is expected to be completed within 5 to 6 years,” said Manan P. Shah, MD, Man Infraconstruction.

The project will have a carpet area for sale of about 17 lakhs square feet with the potential to generate revenue of Rs. 4,000 crore in the next 5 years, the company said.

The company stated that the project has a construction area of over 50 lakh sq. ft. and is expected to be completed within 5-6 years.