Bangalore-based GMR Group, which has been battling a high debt of around Rs 15,300 crore is all set to raise approximately Rs 645 crore from three private equity (PE) firms.
Tag: India
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Kalindee Rail Nirman (Engineers) Limited: The railway infra experts
Kalindee is a highly reputed and profit making Public Limited Company (listed in two major stock exchanges of the country: Bombay Stock Exchange, Mumbai; National Stock Exchange, Mumbai) headquartered at New Delhi.
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Nath seeks ground action on JNNURM
Urban Development Minister Kamal Nath has asked the expert group on urban infrastructure and services led by economist Isher Ahluwalia to revisit its report and come up with a concrete roadmap to help the government implement its recommendations.
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Huge coal shortfall estimated in 10 years
The government has admitted that the country would face a huge shortfall of 269 mt of coal by 2021-22 as the coal producing entities had failed to keep pace with the demand as well as economic growth.
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Fuel scarcity hits investor interest
The investor interest in the power sector is diminishing as lenders are starting to apply the brakes on funding of new private generation projects.
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Punjab power projects raise environment concerns
Environment minister Jairam Ramesh has expressed concern over the proposed locations of as many as four thermal power plants in a 50 km radius around Bathinda, which already has two thermal stations.
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Essar posts a record
Essar Steel announced that it had achieved its highest crude steel production in March this year at 3.8 lakh tonne.
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R-LNG to meet gas demand-supply gap
The demand for natural gas, the cheapest available energy option, is rising exponentially. The current domestic supply of gas is just over 150 mmscmdwhile the demand is around 225 mmscmd.
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MIAL control tower next yr
Mumbai International Airport (MIAL) is building a new ATC tower and that will be completed by December this year.
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First foreign funded rly
The Railway Board has finally cleared Railway Vikas Nigam’s proposal to undertake doubling of the 335 km route from Hospet in Karnataka to Thenaighat in Goa.