IndiaĂ´s coal import bill surged 42 per cent to Rs 11,441 crore in November 2014 despite a 16 per cent increase in Coal IndiaĂ´s production, highlighting the rapidly widening demand-supply gap for the fuel in the country.
Author: admin (Infratructure Today)
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New Gurgaon sees rise in PE investors
Over the past 15 months, New Gurgaon, which is an area between Manesar and old Gurgaon, has seen investments in real estate projects by several private equity funds. Singapore sovereign wealth fund GIC recently put in Rs 150 crore in a joint venture with realty firm Vatika group to develop two projects in this area of Gurgaon.
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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.
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Tata Power buys IdealĂ´s 540 MW plant in Nagpur
Tata Power has agreed to buy the entire stake in Ideal Energy Projects Ltd (IEPL) for an undisclosed amount. IEPL owns a 540-MW coal-based thermal power project near Bela village in Nagpur, Maharashtra, of which 270 MW was commissioned in May 2013
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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).
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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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ONGC Videsh might soon buy stake in 2 Siberian oilfields
ONGC Videsh Ltd (OVL), the foreign arm of ONGC, is likely to soon acquire stakes in two Russian oilfields, Vankor and Yurubcheno-Tokhomskoye.
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UltraTech to acquire Jaypee cement units at Rs.5,400 crore
Kumar Mangalam Birla-led Aditya Birla GroupĂ´s flagship firm UltraTech Cement has decided to acquire two cement units of Jaiprakash Associates with a combined capacity of 4.9 million tonnes per annum in Madhya Pradesh for an enterprise value of Rs 5,400 crore.
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India CementsĂ´ QIP proposal okayed
India Cements Ltd (ICL) has received shareholder approval for raising Rs 500 crore through qualified institutional placements (QIP) or foreign currency convertible bonds (FCCB) to meet its capital expenditure needs.
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Jakson Group bags
Rs.110 crore order from DMRC Power solutions provider Jakson Group has received an order worth Rs 110 crore from Delhi Metro Rail Corp (DMRC).