Tata Steel Long Products said that it has accepted the letter of award (LoA) issued by the Indian government’s Department of Investment and Public Asset Management (DIPAM) pertaining to the acquisition of a 93.71% stake in Neelachal Ispat Nigam Limited (NINL). The consideration for the stake in Neelachal Ispat Nigam Limited is INR 12,100 crores. […]
Tata Steel said that its subsidiary Tata Steel Long Products has prevailed in a bidding process to acquire a stake of 93.71% in Neelachal Ispat Nigam Limited (NINL) for INR 12,100 crores. The auction process is being carried out by the Indian government’s Department of Disinvestment & Public Asset Management (DIPAM). Neelachal Ispat Nigam has […]
Adani Total Gas Limited said that it has received letters of intent (LoI) from the Indian Petroleum and Natural Gas Regulatory Board (PNGRB) to develop city gas distribution (CGD) networks under the 11th CGD Bidding Round. The company bagged LOI for 11 geographical areas (Gas) across the states of Assam, Chhattisgarh, Jharkhand, Madhya Pradesh, Maharashtra, […]
Tata Steel Limited said that it has increased its stake from 26% to 51% in Medica TS Hospital Private Limited (MTSHPL), the holding company for a 100-bed multi-specialty hospital in Kalinganagar, Odisha, in a deal worth around INR 50 crores. Operating since 2014, Medica TS Hospital is a joint venture between Tata Steel and Medica […]
Larsen & Toubro (L&T) said that the water and effluent treatment business of L&T Construction has bagged multiple orders in the range of INR 2,500-5,000 crores. It has won a couple of EPC orders from the Department of Water Supply and Sanitation, Punjab for the bulk supply of treated water to a million people living […]
Larsen & Toubro (L&T) said that its construction unit has bagged a contract in the range of INR 2,500-5,000 crores from the Odisha government to build clinical blocks and associated infrastructure for a hospital in Cuttack. According to the Indian engineering conglomerate, the duration of the engineering, procurement, and construction project is 30 months. Under […]
Deepak Fertilisers and Petrochemicals Corporation Limited (DFPCL) said that its fully-owned subsidiary — Smartchem Technologies Limited (STL) has broken ground on its INR 2,200 crores technical ammonium nitrate plant in Gopalpur, Odisha. The technical ammonium nitrate complex will be built in Tata Steel Industrial Park. Its foundation was laid by Odisha Chief Minister Naveen Patnaik. […]
Power Mech Projects Limited said that it has been issued letters of intent for two works with a combined worth of INR 725.17 crores. The first order is from the National Highways Authority of India (NHAI) and is worth INR 645 crores. It is for the four laning of NH-365A from Kodad (Design 645km O.OO/Existing […]
Coal India Limited said that its board of directors has given in-principle approval to a pre-feasibility report for establishing an integrated greenfield aluminium project in Odisha. The integrated aluminium project will include bauxite mining, an alumina refinery, an aluminium smelter, and associated captive power plant. It will be owned by the company’s fully-owned subsidiary — […]
Adani Green Energy (AGEL) has agreed to acquire a 40MW operating solar power project in Odisha from Essel Green Energy for INR 219 crores ($29 million). The acquisition will be carried out by the company’s fully-owned subsidiary Adani Renewable Energy (MH) Limited (AREMHL). The solar power project in Odisha is underpinned by a long-term power […]