To expand its presence in the country's east coast, India's biggest port operator Adani Ports is said to have clinched a deal to acquire Dhamra Port, an equal joint venture between Tatas and L&T. The deal is stated to be around Rs 5,000 crore. Sources concerned said that the deal has almost completed as the talks between Adanis and Tata Steel and Larsen & Toubro have reached to the stage of signing it formally.
FlashNews:
HSR Needs Fast Tracking
RECPDCL Handovers Ratle Kiru Power Transmission Limited, a SPV of Transmission Project, to IndiGrid 2 Private Limited
RECPDCL Handovers 3 Nos. SPVs of transmission projects viz. Banaskantha Transco Limited, Kurnool-IV Transmission Limited & Rajasthan V Power Transmission Limited to Power Grid Corporation of India Limited
Showcasing India’s Supply Chain Revolution
Highlighting the Future of Smart, Sustainable Infra
Driving Sustainability Through Innovation
REC Signs ₹18,360 Cr MoU with Govt. of Kerala for Pump Storage Projects
IIFCL Launches its Gender Equality and Social Inclusion (GESI) Cell on the occasion of International Women’s Day 2025.
IIFCL and CBI Sign Expression of Interest to promote Sustainable Infrastructure Financing in India
CCI India presents 1st edition of CEO Round Table Conference on Agriculture
Jayesh Ranjan & Cement Expo Forum Leaders converge in Hyderabad
Fluence Launches Advanced Smartstack Platform for New Energy Storage Era
NBCC inks MoU with NIT Kurukshetra valuing Rs. 300 Crore
REC Foundation Commits ₹6 Crore to Sankara Eye Hospital for Cataract Surgeries Benefiting 8,000 EWS Patients
Integrated Exhibition Cum Convention Centre (IECC), better known as Bharat Mandapam, achieves prestigious GRIHA 4-Star Rating
REC Limited Signs Agreement with CVPPL, to provide ₹2147.508 Crore Term Loan to Develop 1000MW Pakal Dul Hydro Electric Project
NBCC Reports Robust 40% Surge in Net Profit
The time to invest in India’s energy sector is now, says PM Modi
India’s Oil Minister Urges Energy Justice to Ensure Equitable Global Energy Transition
Tag: deal
Promoters, investors prefer debt instruments
Media reports indicate that promoters of Indian companies are increasingly preferring to raise funds through debt and investors are also willing to offer it through structured deals or their NBFC arms that could either be a part of their investment group or backed by them. Compared to equity funding, these investors prefer to deploy in debt instruments, reports indicate
Govt defends Rs 2,000 cr Jet-Etihad deal
The Union government on July 2 defended the nearly Rs.2,000 crore deal between Jet Airways and Abu Dhabi-based carrier Etihad, saying the investment is important for India and opposition to the pact is politically motivated. Those opposing the deal are long on politics and short on facts, Union Civil Aviation Minister Ajit Singh said about the widespread opposition to the deal.
OIL, OVL to buy stake in Mozambique gas field for $2.47 bn
In Mozambique, Indian State exploration firms ONGC and Oil India (OIL) have signed a $2.48-billion deal to acquire 10 per cent stake from Videocon in a giant gas project in the African country. The acquisition deal may help ship an estimated 6 million tonne a year of liquefied natural gas (LNG) to India. ONGC Videsh (OVL), the overseas arm of the State explorer, said the deal marks its entry into a world-class project with significant upside potential, and would help it achieve long-term product
Private equity investors exit $1.03 bn investment
During Jan-Mar 2013, exit deals in the private equity (PEs) space is estimated at $1.028 billion through 24 deals compared to exit worth $1.732 billion from 21 deals in Oct-Dec 2012 quarter. The exits declined 18 per cent in value and 29 per cent in volume compared to Jan-Mar 2012. During this quarter, PEs exited $1.260 billion worth of investment from 34 deals
SC delivers verdict on PIL against Cairn-Vedanta deal
The Supreme Court ruled that the central government and ONGC conducted due deliberation before taking a decision on the $8.5 billion Cairn-Vedanta deal. The court ruled this while rejecting a public interest litigation (PIL) challenging the deal on the ground that there was a loss to state-owned ONGC on account of the sale
United LNG seeks govt nod for gas supply to Petronet
Houston-based United LNG will supply 4 million metric ton a year of liquefied natural gas to Petronet LNG for 20 years after the US Department of Energy gives its approval. While both, Petronet and United LNG, signed a preliminary agreement for the supply of LNG, the final agree
RIL, BP chiefs meet PM to discuss investment plans
Reliance Industries (RIL) Chairman Mukesh Ambani and Bob Dudley, head of global energy firm BP met Prime Minister Manmohan Singh and some government officials recently to discuss their investment plans. The two companies, that are jointly operating the KG D6 gas basin in Andhra Pradesh, asked government to clarify regulatory issues plaguing the oil and gas secto
Suzlon’s arm issues $647 million worth bonds
According to a company press release, the Dutch unit of Suzlon Energy, AE Rotor Holding BV, issued $647 million worth of bonds in order to reduce debt. The company would utilise the fund to repay loans as part of a debt restructuring deal with its creditors. Specifically, the proceeds of the bond sale would be used to refinance existing dollar-denominated foreign curre
Oil ministry takes efforts to ensure CAG’s audit
Union Petroleum Secretary Vivek Rae said his ministry was making all efforts to see that the Comptroller and Auditor General (CAG) is able to audit Reliance Industries' (RIL) spending on KG-D6 block. He said there have been some differences between CAG and RIL on the scope of audit but they are being resolved. He expressed hope that CAG would be able to resume audit by either month or early next
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