JSW Steel and Duferco International Trading Holding SA (DITH) have aligned their strategic goals in a landmark $700 million 5-year Advance Payment and Supply Agreement (APSA) executed on the February 27, 2019. This unique financing structure provides JSW long term funding to complement its plans for future growth secured by committed exports of steel products … Read more
Coal India is aiming to meet the 610 million tonne (MT) production and off-take target as per the pact it signed with the coal ministry, despite a production momentum dip in the initial months of the current fiscal. After the high production growth rate of 15 percent in the April-June quarter of FY19, the company … Read more
Reliance Industries’ (RIL) wholly-owned subsidiary — Reliance Industrial Investments and Holdings (RIIHL) has entered into an agreement for acquisition of equity shares of C-Square Info Solutions for a cash consideration not exceeding Rs 22.04 crore. RIIHL will further invest an amount of up to Rs 60 crore and is likely to be completed by March … Read more
GMR Infrastructure’s (GIL) subsidiary — GMR Hyderabad International Airport (GHIAL) has divested its 100% stake in its subsidiary namely Asia Pacific Flight Training Academy (APFTAL) to a third party, for a token consideration. APFTAL is engaged in the business of providing flight training. Consequent to the above divestment, APFTAL has ceased to be a subsidiary … Read more
Sangam Renewables has received approval to sell/transfer company’s roof top Solar Plant of 860 KWp situated at the roof of Maharashtra Seamless (MSL), Sukeli, Raigad in the state of Maharashtra, at a consideration of Rs 4.25 crore. The Board of Directors of the Company at its meeting held on March 02, 2019 has approved the … Read more
Mumbai : Hindustan Oil Exploration Company (HOEC) has awarded with a contract area identified as AA/ONDSF/Umatara/2018 in consortium with Indian Oil Corporation Limited (IOC) under the Discovered Small Field Policy Bid Round II. Umatara is located within an aerial distance of 50 km from Dirok Field operated by HOEC and forms part of upper Assam … Read more
Mumbai : NTPC has decided to acquire the stressed power projects undergoing insolvency proceedings in the National Company Law Tribunal (NCLT), in a bid to get fairer deals. The project going under insolvency deals has got a discount of up to 70% or even more from secured creditors. The secured creditors have a say on … Read more
