Domestic aluminum players need to invest to meet net zero target: ICRA
Tag: invest
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ICICI Venture to raise Rs 1,685 cr
The proposed ICICI Venture infra fund, which aims to invest in assets such as roads, ports, airports and seaports and infrastructure companies, has secured investment commitments of up to $270 million (Rs 1,685 crore) from major companies like LIC.
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ICICI Venture to raise Rs 1,685 cr
The proposed ICICI Venture infra fund, which aims to invest in assets such as roads, ports, airports and seaports and infrastructure companies, has secured investment commitments of up to $270 million (Rs 1,685 crore) from major companies like LIC.
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Sanghi to buy jetties/terminals at Rs 275 cr in Kutch
Sanghi Industries plans to invest Rs 275 crore in the next 18 months on upgrading logistics and removing bottlenecks at its Kutch plant. The move is part of its effort to be debt-free in two to three years. Alok Sanghi, Director, said the company will invest Rs 150 crore on acquiring ships and setting up new jetties/terminals. Rs 125 crore will be spent on removing bottlenecks.
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Jakson Power to invest Rs 750 cr on solar power, others
In the next three to four years, diversified group Jakson Power Solutions is to invest about Rs 750 crore primarily in its solar business. Besides solar energy, the firm would be investing in EPC, generating sets and hospitality, where its foray is likely to happen by the end of this year.
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Rs 5,000 cr to convert AP roads into National Highways
The Union government on April 9 stated that it would invest Rs 5,000 crore towards conversion of 10,000 km of state roads into National Highways over the next three-five years. Minister of State for Road Transport and Highways Sarvey Sathyanarayana said in Delhi that the Centre is to spend about Rs 5,000 crore in a phased manner and will complete 10,000 km National Highways in Andhra Pradesh in the next 3-5 years.
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AirAsia doesnÂ’t face FDI hurdles: Ajit Singh
Union Aviation Minister Ajit Singh has said that India allows foreign airlines to invest as much as 49 per cent stake in local airline firms regardless of whether the investment is made before a joint venture is formed or after. Singh was instrumental in permitting foreign carriers to invest in local airlines by amending the existing foreign direct investment rules, as part of efforts to help local airlines get much-needed funds.
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Aeon Renewable Energy to invest Rs 250 cr in 3 yrs
Chennai-based Aeon Renewable Energy Solution is to invest Rs 250 crore over the next three years on setting up 25 megawatt (mw) of solar power generation capacity in Tamil Nadu. The company is planning to establish its presence in the retail solar power generation solutions for domestic and industry for captive use.
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Reliance interested to invest more in Malaysia
Reliance Industries is keen to invest more capital in Malaysia to explore new domains. The company, which acquired BP PlcÂ’s Malaysian petrochemical oil and gas processing plant in Kuantan for $230 million in September, is bullish about its prospects in the South-East Asian nation.
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Khazanah JV, SBI Macquarie may invest in GMR
To invest in the road assets of Bangalore-based diversified conglomerate GMR Group, Malaysian sovereign fund Khazanah and SBI Macquarie have emerged as potential investors.