Mumbai: Shares of infrastructure, realty and defence companies gained ground on Tuesday after the government recommended promulgation of an ordinance making significant changes in the Land Acquisition Act.
In the infra space, NCC rose by 4.67 percent, Lanco Infratech climbed 4.27 percent and IRB Infrastructure Developers (2.53 percent) at the BSE.
From the defence-related space, shares of BEML surged 7.15 percent and Bharat Electronics counter was up 2.88 percent.
Among realty scrips, National Buildings Construction Corporation jumped 3.65 percent, Godrej Properties gained 3.25 percent and Sobha Developers rose 1.17 percent.
Government had yesterday recommended promulgation of an ordinance making significant changes in the Land Acquisition Act including removal of consent clause for acquiring land for five areas of industrial corridors, PPP projects, rural infrastructure, affordable housing and defence.
The Union Cabinet, chaired by Prime Minister Narendra Modi, decided to amend the Act to bring under its purview 13 central legislations, including those relating to defence and national security, to provide higher compensation and rehabilitation and resettlement benefits to farmers whose land is being acquired.
