Reliance Power is in advance stage of tying up debt of Rs 7,000 crore for financing its 2,400 MW gas-based power project at Samalkot in Andhra Pradesh.
Amidst opposition from some quarters on the proposal of the Gujarat Mineral Development Corporation (GMDC) to carry coal from the Naini coal block in Orissa to meet the requirement of Torrent Power and Adani Enterprises, the state steel & mines department has given its go-ahead for the proposal.
Swiss engineering group ABB has clinched a $900 million order -- its largest single order ever -- from the Power Grid Corporation of India to deliver an ultrahigh-voltage transmission system.
Fertiliser-maker Zuari Industries is in the process of acquiring land to set up a Rs 5,000 crore gas-based urea plant in Karnataka with an annual capacity of 1.3 million tonnes a year.
Cairn, whose $9.6-billion stake sale in its Rajasthan oilfields to Vedanta has run into a roadblock, appears to have turned the tables on partner Oil and Natural Gas Corporation in their joint venture in the Krishna Godavari basin
Realty firm Unitech has sold over 300 units worth Rs 200 crore in its mid-income housing project at Gurgaon launched last week.
The Saroj Poddar-led group of companies, which include Zuari Industries and Texmaco unveiled a new group identity, Adventz Industries India.
Texmaco Rail & Engineering is in talks with a Japanese consortium for an equal joint venture to make suburban train coaches.
India's biggest gas transportation firm Gail India has endorsed petroleum sector regulator's proposal allowing pipeline companies to charge tariffs lower than approved rates but the move has been opposed by Reliance Gas Transportation.
Aditya Birla Financial Services Group (ABFSG) has beefed up its investment team at Aditya Birla Private Equity, naming Amitvikram Sharma as additional Investment Director.
Nippon Life’s plan to buy a stake in Reliance Life may be delayed as the deal requires special permission from the government.
The country’s largest power producer National Thermal Power Corporation (NTPC) has commissioned unit 6 of 500 MW of Farakka Super Thermal Power Station.
Agre Developers will be enhancing its presence in the realty sector. The company’s board of directors for this has authorized a committee of directors to consider suitable proposals for strategic acquisitions through such mode, for consolidating the company's presence in real estate development.
Goldman Sachs cut its 12-month target price on Reliance Communications by 26 per cent to Rs 115, citing reduction in the company's core business value.
No comments:
Post a Comment