Infrastructure & Development

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Nestle India Picks 26% Stake in Indocon Agro

philip9876.com - In a surprise move, Nestle India Ltd has acquired 26 per cent stake in a little known dairy company Indocon Agro and Allied Activities Pvt Ltd. In a note to the BSE on Monday, Nestle said that it had...

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PowerGrid to Sign Contract with Ethiopian firm

philip9876.com - PowerGrid Corporation of India Ltd on Tuesday said it will sign a $16.7-million management contract with Ethiopia Power Company for two years. “Ethiopia Power Company is an integrated firm with...

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Firms in Hotel Sector Can Tap External Commercial...

philip9876.com - Indian companies in the hotel sector (with a total project cost of Rs 250 crore or more), irrespective of their geographical location, have been allowed to tap the external commercial borrowing (ECB)...

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Weaving to Get More TUFS Funds in 12th Plan

philip9876.com - The textile ministry plans to lay more emphasis on the weaving sector under the Technology Upgradation Fund Scheme ( TUFS). The scheme, in its new avatar in the 12th Five-Year Plan, will include more...

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Sinovel Gets Approval to Sell Wind Turbine...

philip9876.com - Chinese company Sinovel which is one of the largest wind turbine manufacturers in the world, has received the ‘type approval’ from the Centre for Wind Energy Technology to sell its...

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Parker Hannifin India Sets up 100 Crore Factory...

philip9876.com - Parker Hannifin India, a part of the Rs 71,500-crore Parker Hannifin Corporation of the US, has set up a Rs 100-crore factory near Chennai to manufacture components for a wide range of industries....

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42 Port Projects to be Awarded This Year

philip9876.com - The shipping ministry has decided to aggressively pursue port development in the country and has set a target to award 42 such projects in the current year. “In the current year, the ministry...

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Adani to buy Dhamra Port from Tata, L&T for...

philip9876.com - The Ahmedabad-based Adani Group has finalised the terms and conditions to buy out construction major Larsen & Toubro (L&T) and Tata Steel’s stakes in Dhamra Port Company Limited (DPCL)...

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Cement Industry to Add 30-40 mtpa in 2013

philip9876.com - Notwithstanding the excess capacity built-up, the cement industry is expected to add 30-40 million tonnes of capacity in 2013. The industry has a capacity of 324 million tonnes per annum (mtpa) and...

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Essar Power Commissions 600 MW Unit at Mahan...

philip9876.com - Essar Power has commissioned the first phase of 600 MW, of its 1,200 MW Mahan power project. The plant was synchronised with the grid and has commenced generating power, said the company in a press...

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