Private equity firm Apollo Global Management will invest Rs 2,250 crore in Welspun group companies. Touted to be its biggest investment in India, funds affiliated with Apollo will invest Rs 1,305 crore in Welspun Corp Ltd,
Author: admin (Infratructure Today)
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NHAI shortlists 10 cos to bid for `5,000 cr projects
The National Highways Authority of India (NHAI) has shortlisted 114 highway construction companies and developers in the annual technical qualification initiated by the body in March this year. Ten of these have qualified to directly put in financial bids
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Widening of NH 7 into six-lane begins
National Highways AuthÂority of India (NHAI) has awaÂrded to Reliance Infrastructure a contract to widen the existing four-lane National Highway No. 7 from Bangalore to Krishnagiri (chainage 33.130 to 93.0) into a six-lane road.
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M'lore port box handling crosses 10k TEUs
The container handling at New Mangalore Port Trust (NMPT) crossed 10,000 TEUs (20-foot equivalent units) mark in the first 75 days of the current financial year as against 8,917 TEUs in the corresponding period of the previous fiscal,
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PSA consortium highest bidder at JNPT
A consortium led by PSA International, the world's second biggest container port operator, has emerged the highest bidder to build India's largest container terminal yet, by capacity and cost, at the Jawaharlal Nehru Port (JNPT).
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Ministry approves environment study terms for Vizhinjam port
The Union Ministry for Environment and Forests has cleared terms of reference for an environment impact study for the proposed Vizhinjam international seaport and container transhipment terminal in Kerala.
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Krishnapatnam Port signs pact with CONCOR
Krishnapatnam Port Company (KPCL) has signed an agreement with the Container Corporation of India (CONCOR) to provide seamless moÂvement of container traffic from the port to the hinterland. The partnership deal is a milestone as CONCOR
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J&K gas pipeline approved
Jammu and Kashmir government has given its nod to the prestigious gas pipeline project from Bhatinda in Punjab via Jammu to Srinagar, expected to be completed within three years. The contract for the pipeline project has been awarded to
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Vedanta buys more into Cairn
Vedanta Resources will buy another 10 per cent in the Indian arm of Cairn Energy as part of a restructuring of the much-delayed deal that will result in a $600 million reduction in the price tag.
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ITI to pump in `2,380 cr for biz revival
ITI is planning to invest over Rs 2,380 crore to re-start its manufacturing units and
diversify into other businesses. The proposal to clear these funds for ITI's revival is with the Board for Industrial and Financial Reconstruction (BIFR