The loss making Lloyds Steel, in which Uttam Galva group acquired 58.35 percent stake recently, is set to get a further capital infusion of Rs 380 crore from the group. Agency reports suggest that the Rs 380 crore additional investment would be used to turnaround Lloyds Steel, which posted net losses of Rs 290 crore in last three financial years. Lloyds Steel has a total loan portfolio (both, secured and u
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APSEZ may pick stake in multi-commodity terminal
Adani Ports and Special Economic Zone (APSEZ) plans to acquire stake in Vizag Seaport, which is the largest multi-commodity terminal at Visakhapatnam port. The terminal can handle all types of cargo except petroleum, oil and lubricants. It started operations on a 30-year contract from 28 November 2001 and loaded 5.55
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IFC pledges $300 million for India's green energy
International Finance Corporation has pledged $300 million for the development of renewable energy projects in India with a mix of equity and debt over the next three years.