Reports indicate that lenders of the debt-ridden Suzlon Energy may meet soon to take a final call on the corporate debt restructuring (CDR) exercise. Suzlon has asked bankers to provide the company with fresh loans of Rs 2,000 crore to meet payment requirements, Rs 3,000 crore as a working capital loan and a
Tag: contract
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Bankers to take final call on debt recast for Suzlon
Reports indicate that lenders of the debt-ridden Suzlon Energy may meet soon to take a final call on the corporate debt restructuring (CDR) exercise. Suzlon has asked bankers to provide the company with fresh loans of Rs 2,000 crore to meet payment requirements, Rs 3,000 crore as a working capital loan and a
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Body opposes outsourcing of work
The All India Port and Dock Workers’ Federation has criticised what it calls the government's move to outsource cargo handling work to contract labourers. SR Kulkarni, president of the Federation said in a statement that the government should end its policy of marginalizing the working class and their organizations. He said though workers at the major ports had put up great performance, the port authorities were outs
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GVK awards Rs 19.8 bn order to L&T
GVK project and Technical Services awarded a Rs 1,985 crore contract to the infrastructure IC (independent company) of L&T Construction. In a press statement, the company said the order was part of the Rs 2,503 crore fresh contracts secured by it across various segments
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Thales group firms bag contracts for metro rail project
Some of the group companies of French conglomerate Thales group bagged contracts for signalling and train control, and communication systems for Hyderabad metro rail project. While the contract for signalling is bagged by Thales Canada along with Thales India, that for communication is se
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AP govt to resolve issues related to metro project
Andhra Pradesh Chief Minister N Kiran Kumar Reddy assured L&T Metro Rail Hyderabad, which implements metro rail project in the city, that the state government would resolve issues related to the project. During a meeting with L&T Metro Rail Hyderabad Chairman YM Deosthalee and Managing Director VB Gadgil, Reddy said the special task force headed by the Chief Secretary would meet more frequently and r
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Vizag Port’s proposed berth project may cost Rs 4 bn
According to media reports, the proposed second container berth project at Visakhapatnam port may cost
Rs 3
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BHEL to supply gas turbine generators
In an official statement, Bharat Heavy Electricals (BHEL) said it would supply gas turbine generator (GTG) and associated auxiliaries to
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L&T arm secures Rs 6.4 bn contract
The Buildings & Factories arm of the construction and engineering major Larsen & Toubro secured a Rs 644 crore
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VPT to shortlist bidders for berth project
Reports suggest that the Visakhapatnam Port Trust would examine the seven bids received for the Rs 300-400 crore second container berth project and would short