Offshore drilling and oil field service provider Aban Offshore is planning to raise more than Rs 4,500 crore through various market instruments to replace a portion of its expensive debt.
Tag: 2013
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ATC to acquire Tower Vision
In the telecom towers business, American Tower Corporation (ATC) is close to acquiring Tower Vision, a standalone telecom tower company owned by a group of international financial investors, for Rs 3,200 crore, a transaction that will enable the US company to significantly scale up its presence in India.
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Cabinet nod for telecom towers at naxal-affected states
The Cabinet cleared setting up mobile towers at cost of around Rs 3,046 crore in nine states affected by naxal violence to improve communication. State-owned BSNL will set up towers at 2,199 locations in the nine states in next 12 months, Finance Minister P Chidambaram said after a Cabinet meeting.
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Illegal mobile towers
The New West office of the Ahmedabad Municipal Corporation (AMC) has sealed five cellphone towers in different areas of the zone.
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Airtel keen on service in Myanmar
A Bharti Airtel-led consortium has given its final bid for a telecom licence in Myanmar, as the company looks to expand operations.
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Best performer
Virendra Singh Jain has been appointed as an independent director of Essar Oil. With an experience of over three decades at the helm of public and private sector enterprises, including two MahaĆĀ”ratnas, his wide ranging experience and financial expertise
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A veteran in power sector
Siddharth Mehta, CEO of DPSC-IPCL, is associated with the company since May 2013. Being at the helm of activities, he is responsible for the entire Transmission & Distribution business of the group along with its wind power vertical.
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Surging ahead
The leading integarted logistics company Allcargo Logistics has appointed Ajit Jangle as its Group Chief Operating Officer. In his career of over 20 years,
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Instrumental in growth
Yogesh Dhingra is Chief Operating Officer and Finance Director (COO & FD) of Blue Dart Express. He has been with Blue Dart for over 20 years with an overall experience of 28 years across diverse industries.
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Draft of offshore wind energy policy released
Union Ministry of New and Renewable Energy has released a draft national offshore wind energy policy for 2013. The draft policy was written with inputs from a steering committee on offshore wind energy. According to the draft, onshore wind energy has reached a stage of deployment that makes it competitive with traditional fossil fuel power generation.