News Result

JSW Steel to invest over Rs 50 bn for boosting downstream manufacturing.

    | November 20, 2018

JSW Steel plans to pump in over Rs. 50 billion to strengthen its downstream manufacturing capacity and is also keen to pursue stressed downstream assets that will come up for bidding in the next round. JSW Steel, which announced a capex investment programme of nearly Rs. 450 billion to expand its

Essel to set up Rs. 700-cr desalination plant in Gujarat.

    | November 20, 2018

The Gujarat government has announced the setting up of State’s largest desalination plant at Jamnagar with daily capacity to treat 100 million litres per day (MLD) of sea water. An agreement has been signed between Gujarat Water Infrastructure Ltd. and Essel Infraprojects Ltd. for the Rs.

Work on IOC’s Kochi LPG terminal to begin in Jan.

    | November 20, 2018

With the final clearance from the National Green Tribunal in hand, Indian Oil Corporation is all set to re-start construction activities at its Rs. 2,200-crore LPG import terminal-cum-pipeline project at Puthuvypeen near Kochi. Necessary orders in this regard have been issued by the Kerala govern

Bundelkhand Expressway: UP government looks to expedite work; releases Rs 640 crore for land acquisition.

    | November 20, 2018

In a bid to expedite land acquisition for the proposed Bundelkhand Expressway, the Uttar Pradesh government has released Rs. 640 crore to make payments to land owners. The Industrial Development Department has issued a government order in this regard. “The government has issued Rs. 640 c

Hyderabad’s T Hub aims to provide best working space to startups.

    | November 20, 2018

Hyderabad-based T-Hub, perhaps India’s best-known co-working space for start-ups, has grown leaps and bounds by creating an ecosystem involving start-ups, corporates, investors and academia, both from Hyderabad and across the globe. T-Hub was launched in November 2015 with the idea of helping

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Gateway project at riverfront set in motion.

    | November 20, 2018

The ‘Vijayawada-Amaravati Gateway’ project, which forced the Vijayawada Municipal Corporation to hold its ambitious project of multi-storeyed administration block back in 2016, has finally picked up pace now. First proposed in 2016, the project is aimed at offering lavish riverfront

IOC identifies areas for gas distribution in TN.

    | November 20, 2018

Seven geographical areas (GAs) covering ten districts in Tamil Nadu have been identified in the 9th City Gas Distribution (CGD) bidding round. In the next five years, a sum of nearly Rs. 2,100 crore is likely to be invested in these seven GAs with scope to employ around 15,200 direct employment f

Assetz Property raised Rs. 1000 cr for residential projects.

    | November 19, 2018

Singapore-headquartered real estate developer Assetz Property has raised Rs. 1,000 crore from financial institutions including Altico Capital, HDFC Bank and Aditya Birla Finance to expand its residential portfolio in Bengaluru. “We have raised all the money in the last six to nine months,

Great Eastern Energy Corp announces shale gas exploration project in West Bengal.

    | November 19, 2018

West Bengal-based coal-bed methaneextraction firm Great Eastern EnergyCorporation has announced plans to explore and extract shale gas from its existing reserve. Government has recently permitted exploration and exploitation of all types of hydrocarbons including shale resources under existing c

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Mukand Sumi begins building steel rolling plant.

    | November 19, 2018

Mukand Sumi Special Steel Limited - a joint venture between Mukand Limited and Sumitomo Corporation, Japan – is setting up a new steel rolling facility at an approximate cost of Rs. 600 crore. The new, fully-automated wire rod-cum-bar mill is incorporated with PSM technology that enables a

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