Gayatri Highways Limited has entered into an agreement to sell a stake of up to 36.99% in HKR Roadways Limited to Kotak Special Situations Fund for INR1.71 billion ($23 million). HKR Roadways is a special purpose vehicle (SPV) incorporated for designing, construction, development, finance, operating, and maintaining of four laning of Hyderabad – Karimnagar – […]
KEC International has signed agreements worth INR4.77 billion with Warora-Kurnool Transmission Limited (WKTL), for finishing the remaining work of the transmission lines in Andhra Pradesh, Maharashtra, and Telangana. The construction engineering company has also reached an agreement with the subsidiary of Adani Transmission Limited (ATL) regarding the release of the earlier dues of the transmission […]
Tata Consultancy Services (TCS) said that it will partner Ericsson in helping the Swedish telecommunications company build and operate its cloud-based research and digital (R&D) digital workplace. The Indian IT services company will help Ericsson execute its R&D environment transformation initiative for enabling secured access and automated availability of the development environment irrespective of the […]
Adani Transmission Limited (ATL) has agreed to acquire Warora-Kurnool Transmission Ltd. (WKTL) from Essel Infraprojects Limited (EIL) for INR 33.7 billion ($460 million) in cash. Warora-Kurnool Transmission Ltd. is responsible for developing and maintaining transmission lines totaling nearly 1,750 ckt km. The project comprises two 765 kV inter-state transmission lines that connect the Maharashtrian city […]
Our Food Pvt Ltd, a portfolio company of 3Lines’ Fund I, said that it will invest more than $200 million in the southern Indian state of Telangana. The technology-driven agribusiness platform has signed a memorandum of understanding in this regard with the Telangana government for establishing more than 20,000 micro food processing units across the […]
HG Infra Engineering (HGIEL) has been announced as the lowest bidder (L1 bidder) by NTPC for transportation of pond ash from the Ramagundam thermal power plant to the NHAI-PIU-Mancherial road construction project. The transportation length for the pond ash is 42km, while the quantity is 26.41 lakh Cu.M, said the Rajasthan-based construction engineering company. HG […]
Amazon India has expanded its fulfilment infrastructure in the South Indian state of Telangana with a couple of new fulfilment centres in Hyderabad. The e-commerce retailer said that the expansion will help sellers provide a broader selection and help in faster deliveries of customer orders within the region and neighbouring states prior to the upcoming […]
India-based IT firm Aaseya IT Services, a subsidiary of Yash Technologies, has opened its fourth offshore delivery centre – ‘THE S.H.I.E.LD’ in Hyderabad in the southern Indian state of Telangana. Established about two years ago, Aaseya IT Services is said to have become one of the fastest-growing partners of US software company Pegasystems in India. […]
Indian solar industry news : Indian solar energy company Azure Power has commissioned a 100MW Telangana solar power project in the southern Indian state of Telangana under the National Solar Mission Phase-II, Batch-II Tranche-I of the central government. The new Azure Power solar plant in Telangana is spread across an area of around 500 acres […]