Mumbai-based Parle Agro, a leading food and beverage company, is aiming a Rs 3,500-crore turnover by 2010-11.

The proposed turnover is nearly four-fold rise from its present turnover of Rs 950 crore. 

Parle Agro plans to expand its distribution network through organic route and aggressive marketing strategy.
 
For starters, it has decided to expand production capacity of its mineral water, which is sold under the Bailley brand. 

Solar Semiconductor , a rapidly growing producer of high-quality photovoltaic (PV) modules, has announced its merger with US based Trans-India Acquisition Corporation. 

According to an official release, Trans-India has entered into a definitive agreement to acquire not less than 80% shares in the privately held Solar Semiconductor Ltd.

The proposed acquisition is valued at $375 million, which would be formalized once the US Securities and Exchange Commission (SEC) formally approves the amalgamation. 

Unity Infraprojects has received an order worth Rs 375.25 crore from Pink City Expressway Pvt. Ltd.

The scope of work involves Widening and Up gradation of Existing 4-Lane Road to 6-Lane Road under Contract Package IV from Km 144+770 (Mardha Village) to Km 181+300 (Antela Village) in the state of Rajasthan.

The order is scheduled to be completed within 30 months. 

The Lodha Group, a Mumbai-based realty player, has decided to enter the Hyderabad market with an estimated investment plan worth Rs 800-crore.

The company plans to build a project christened ‘by Invitation’ to focus on the ‘luxury’ market segment, which would be its first major initiative for the group outside Maharashtra.