With a new office in Vijayawada, Andhra Pradesh, Otis Elevator Company (India) Ltd is ready to meet the growing demand in the region. The new office strengthens the companyÂ’s existing service presence and will cater to the growing demand for vertical transport solutions in the city and surrounding areas, enabling Otis to develop closer relationships with customers to better serve them.
Author: admin (Infratructure Today)
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RK Systems Commissions IndiaÂ’s Tallest Lattice Met Tower
Mumbai-based RK Systems, has supplied and erected IndiaÂ’s tallest lattice met tower. Commissioned June 2017 in Southern India, the tower stretches 150 m high and features an array of NRG products, including 40C anemometers, 200P wind vanes, 110S temperature sensors, a BP20 barometric pressure sensor, and a SymphoniePRO data logger with iPackGPS for bankable, secure, and reliable data collection.
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NHAI to Cushion Against Delays in Hybrid Annuity Projects
National Highways Authority of IndiaÂ’s (NHAI) payment of mobilisation advances to developers will provide a fillip to the construction pace of hybrid annuity model (HAM) projects, says India Ratings and Research (Ind-Ra).
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Tata Steel bags PMÂ’s Trophy for Best Performing Integrated Steel Plant
Tata Steel Ltd has been declared as the winner of Prime Minister's Trophy for the 'Best Performing Integrated Steel Plant' in the country for the performance years 2014- 2015 and 2015-16. This makes it the third consecutive year for Tata Steel being honored with this coveted award.
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Renewable Projects Leap Ahead of Thermal
Private thermal projects are staring at muted power demand, which is the effects of non-remunerative tariffs partly due to aggressive bids and some adverse perception due to falling renewable tariff, says India Ratings and Research (Ind-Ra).
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India-Israel signs MoUs worth over US$ 4.3 billion
To revitalise and steer Indo- Israel economic and investment relations, the first formal meeting of India-Israel CEOs forum was organized on July 6, 2017 in Tel-Aviv coinciding with the visit of Narendra Modi, HonÂ’ble Prime Minister of India to Israel.
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Piramal Finance aid Rs 700 cr to ACME Solar
Piramal Enterprises through its subsidiary Piramal Finance Limited (PFL), sanctioned an additional Rs 700 crore to ACME Solar Holdings Ltd. The deal was made through Corporate Finance Group (“CFG”) of Piramal Finance Ltd by introducing a new product - a Flexi Line of Credit - for the renewable energy sector.
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Rs 26,000 cr ECC offers massive opportunities for private sector
Major players from hospitality, retail, construction and other sectors have held wide-ranging discussions with the DMICDC on investment and partnership opportunities in the Rs 26,000 crore International Exhibition-Cum-Convention Centre (ECC) proposed to be built in Dwarka, New Delhi.
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IFC issues Green Bond
IFC, a member of the World Bank Group, has invested Rs 6.67 billion ($103 million) in L&T Infrastructure Finance Company Ltd. by subscribing to the first official Green Bonds in India. This is in line with IFCÂ’s strategy to support renewable energy infrastructure in the country and also develop the capital markets.
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IRB InfraÂ’s SPV achieves Financial Closure for Rs 2,088 cr
Udaipur Tollway Pvt. Ltd, a Special Purpose Vehicle (SPV) of India’s largest Highways Infrastructure developers, IRB Infrastructure Developers Ltd, has successfully achieved financial closure for its Udaipur – Gujarat Border 6 Laning BOT project.