Larsen & Toubro`s Chairman AM Naik has kicked off a restructuring plan that will divide the Rs 3,7000 crore engineering and infrastructure behemoth into nine virtual companies.
Tag: 2011
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Projects without coal linkages
NTPC has been granted environment clearance for setting up three coal-based power plants, even before the source of coal has been determined.
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Dry transformers for delhi
Delhi’s private power distribution companies BSES Rajdhani Power (BRPL) and BSES Yamuna Power (BYPL) will replace around 700 oil-based transformers, located mainly in basements, to address safety and environmental concerns.
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IOC revisits Ennore for LNG and power
Indian Oil Corporation (IOC) will commission a detailed feasibility report (DFR), which will cost Rs 3-4 crore on a 2.5 mt a year liquefied natural gas (LNG) import terminal at Ennore.
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ONGC bids for stake in Angola oil block
Oil and Natural Gas Corporation (ONGC) has bid for US energy major Exxon Mobil’s 25 per cent stake in a deep-sea oil block in Angola.
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ZWZ to set up ops in India
ZWZ Bearings, a leading player in the bearing industry, plans to set up its operations in India.
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PNGRB invite bids for gas pipelines in AP and TN
Petroleum and Natural Gas Regulatory Board (PNGRB), has invited invited Expression of Interests (EoIs) for a laying pipeline from Chennai to Nellore.
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NHAI's new financial plan
The National Highways Authority of India (NHAI) is in the process of preparing a new draft plan as its earlier proposals were rejected by the Planning Commission citing that NHAI would find it difficult to borrow funds from the market.
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Centre to fund Metro's escalated cost
The Union government will share the cost escalation of Rs 5,511 crore of the Bangalore Metro project with the Karnataka government.
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AI to spin off MRO
National carrier Air India (AI) plans to spin off maintenance, repair and overhaul (MRO) engineering operations by April to earn about Rs 3,000 crore annually through the engineering division.