RIL makes Mexico foray
Reliance Industries Ltd (RIL) has signed an agreement with Mexico´s State-owned Petroleos Mexicanos (Pemex) for investment in the exploration and refinery sectors in that country.
RSGL to develop retail gas supply
As part of its infrastructure development plans, Rajasthan State Gas LTD (RSGL) will lay pipelines for retail gas supply in Alwar, Baran and Jhalawar districts, according to an official.
Coal import bill continues to rise
India´s coal import bill surged 42 per cent to Rs 11,441 crore in November 2014 despite a 16 per cent increase in Coal India´s production, highlighting the rapidly widening demand-supply gap for the fuel in the country.
Rising freight cost may impact steel firms
The sharp rise in railway freight could hit the steel industry, which is already reeling under high raw material cost and weak demand. In the last six months, the logistics charges for the steel industry have gone up by 20 per cent to about Rs 2,400 a tonne, and companies are not able to pass on the incremental cost to the end user due to weak demand.
ISQ to acquire Rajasthan toll road
I Squared Capital, through its ISQ Global Infrastructure Fund, has agreed to acquire 100 per cent stake in Jaipur Mahua Tollways Pvt Ltd from IJM Corporation, Malaysia, for Rs 525 crore (as disclosed by IJM Corporation to Bursa Malaysia).
Telangana pays Rs.350 cr to BHEL for stations
Telangana Chief Minister K Chandrasekhar Rao has handed over a cheque for Rs 350 crore to Chairman and Managing director of Bharat Heavy Electricals Limited (BHEL) B Prasada Rao for construction of super critical power stations at Kothagudem and Manuguru in Khammam district.
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