The Shapoorji Pallonji Group announced the sale of its Brownfield Gopalpur Port to Adani Ports and SEZ for an enterprise value of Rs 33.5 billion.Ā This is the second port divestment in the last few months from the diversified construction and infrastructure, real estate and energy conglomerate. It had earlier divested its Dharamtar Port to...
Tag: Shapoorji Pallonji Group
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Shapoorji in talks with Karaikal port
Shapoorji Pallonji Group is in talks with the promoters and private equity investors of Karaikal Port
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Hitting the road
Investing in an infrastructure project isnĆĀ“t really glamorous, more so if it happens to be a still developing economy like India that needs to first create some basic infrastructure. A new road project or a thermal power plant many not excite as much as investing in a cutting-edge technology start-up in IndiaĆĀ“s own Silicon Valley, Bengaluru
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Afcons for a smarter tomorrow
The Shapoorji Pallonji Group Company has transformed itself into a complete metro solutions provider for urban infrastructure. By the time the construction work gets over in a couple of yearsĆĀ“ time, Chennai
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Milestone Feat
AFCONS has carved a niche for the company by becoming the first Indian EPC contractor for installing a process platform for ONGC using float-over technology on time.
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NTPC mulls buying eight power plants
NTPC has identified seven to eight private power plants as potential acquisition targets. The company will take a final decision on them and make an announcement before 31 March, 2015.
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SCI to exit JV with Shapoorji Pallonji group
After its continuous losses, State-owned Shipping Corporation of India (SCI) has decided to exit its chemical carrier joint venture with Shapoorji Pallonji Group. The exit is part of a plan to trim losses at IndiaĆās biggest ocean carrier, which faces the prospects of losing its so-called navaratna tag if it posts losses in the year to March 2014, which would be its third in a row.
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Thus spake the industry
The land acquisition bill would lead to further holding up of the infrastructure projects where many projects are already languishing due to the failure of authorities to acquire the necessary land for development.
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HPCL, Shapoorji Pallonji to build Rs 5K cr LNG terminal
To set up a terminal for importing liquid gas or liquefied natural gas in ships government-run Hindustan Petroleum Corporation (HPCL) would partner with Mumbai-based infrastructure major Shapoorji Pallonji Group Total cost for the terminal is estimated at Rs 5,000 crore. HPCL and SP Ports Pvt Ltd, a unit of Shapoorji Pallonji Group, plan to set up the terminal at Chhara in Gujarat's Junagadh district through a 50:50 joint venture.
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Land Search For IOC Project
Indian Oil Corporation (IOC) is said to be searching a site for its proposed 15 million tonne refinery on the west coast. The company has reportedly approached Adani Group and Shapoorji Pallonji Group for land for the Rs 30,000 crore project. The refinery is to come up by the 13th five year plan and the firm plans to raise its refining capacity to 100 million tonnes by 2021-22.