Mahanagar Gas (MGL) has listed at Rs.540, a 28 per cent premium against issue price of `421 per share, on the National Stock Exchange (NSE). The stock hit a high of 549 within minutes of listing. It also touched a low of Rs.532 in intra-day trading.
Author: admin (Infratructure Today)
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Ruias plan to sell another 25per cent stake in Essar Oil
After stitching a deal to sell 49 per cent stake in Essar Oil to Russia´s Rosneft, the Ruia family is looking at selling another 25 per cent stake in the company to an oil trader or a strategic investor like Saudi Aramco.
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Essar settles $500 mn Iran oil bill
Essar Oil, the top Indian buyer of Iranian oil, in June cleared $500 million of a debt owed to Tehran, two sources with direct knowledge of the matter have said.
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Essar Group eyes sale of Gujarat refinery | Sources
Essar Group is exploring the sale of its 405,000 barrel-per-day oil refinery in Gujarat, as the conglomerate seeks funds to reduce its debt, two sources familiar with the matter said.
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Start-up Razorpay raises funding
Online payment solutions company Razorpay Software Pvt Ltd said that Mastercard Inc., has invested in the company. It declined to specify details.
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Steel and style
Pre-engineered buildings (PEBs), a popular concept in North America and Europe, have been gaining momentum in India also, since their entry 15 years ago.
The major reasons behind the growth of PEBs are reduced construction time, faster occupancy, earlier returns on investment, reduced labour at site, architectural/design flexibility, eco-friendliness and easy installation and maintenance
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Adani Group to invest in mining, ports sectors
The Adani Group, which is setting up the world´s largest solar park in Ramanathapuram district, has expressed its willingness to invest in mining, ports and thermal power sectors in Tamil Nadu.
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Odisha to have 10percent stake in rail link for port-led development
Odisha has confirmed 10 per cent equity participation in the Special Purpose Vehicle (SPV) of Indian Port Rail Corporation Ltd (IPRCL) that will be formed for development of a heavy haul rail corridor from Salegaon to Paradip port.
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India´s largest container port needs Rs.500 crore more to beef up ops
India´s largest container port, Jawaharlal Nehru Port, will be spending nearly Rs500 crore in the next two-three years to beef up evacuation of cargo and further increase connectivity with the hinterland.
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India eyes role for itself at Oman´s strategic Duqm port
After securing its presence in Iran´s Chabahar port, a key gateway to Afghanistan and Central Asia, India is now eyeing a role at Oman´s strategically located Duqm Port to enable Delhi to expand its economic presence in hydrocarbon rich West Asia. It will also allow the Indian Navy greater role in the region.