By the first quarter of 2013, Visa Steel expects to set up a joint venture coke manufacturing firm in collaboration with American firm SunCoke Energy Inc. SunCoke Energy Inc, which is one of the largest independent producers of metallurgical coal across North and South America, is said to have entered into an agreement with Visa in this regard. According to the agreement, which requires approval of shareholders of Visa Steel, SunCoke Energy will have a 49 p
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Maldivian Airlines, Apollo tie-up to benefit mutually
To benefit mutually Maldivian Airlines and the Chennai-headquartered Apollo Hospitals have got into an agreement to give discounts to each others’ clients. For example, Apollo Hospitals will give a discount on its service charges for those who fly the airline, and the airline will give similar discounts to the hospital’s patients on the airfare.
JICA agrees to lend Rs 200 bn for mega corridor project
Japan International Cooperation Agency (JICA) agreed to lend JPY 295 billion (about Rs 20,000 crore) for the two routes in the proposed Dedicated Freight Corridor (DFC
BBMP may cancel contractor of Mysore Road work
The Bruhat Bangalore Mahanagara Palike (BBMP) is planning to cancel the agreement with the contractor of Mysore Road widening work as the BBMP is not at all happy with the tardy progress in the work. Presently Mysore Road in Bengaluru is causing inconvenience to road users.
BHEL ties-up with Shell for gas turbine supply
India’s largest power equipment manufacturer Bharat Heavy Electricals (BHEL) has said that it has signed an agreement with Shell, the Netherlands-based global energy and petrochemicals giant, for supply of gas turbines and generators over the next five years.
GAIL joins hands with RSPCL
GAIL (India) agreed to form a joint venture with Rajasthan State Petroleum Corporation (RSPCL) under which the former would suppl
Centre, Assam sign pact with World Bank for road project
The Union and Assam governments on November 5 entered into a $320 million agreement with the World Bank for State roads project. The loan and project agreements were signed by the Centre, Assam government and World Bank in New Delhi, an official statement here said.