Uflex is planning to invest Rs 1700 crore in Uttar Pradesh (UP). The company has ambitious plans to substantially enhance manufacturing capacity for flexible packaging in the next few years. For seeing this through fruition from scratch to finish, the company endeavor to invest Rs 500 crore towards the project. As a Group, the company … Read more
BL Kashyap & Sons has bagged new orders of around Rs 605 crore from domestic clients. The projects are expected to be completed within 24 months from the date of award. The total order inflow during the FY 2017-18 up to December, 2017 stands at Rs 867 crore. Of the total Rs 605 crore orders, … Read more
CL Educate’s Wholly Owned Subsidiary–Career Launcher Infrastructure (CLIP) has transferred its land situated at village Kadhtal, Mandal Amangal District (TS), Hyderabad, admeasuring 22.32 acres, at a total consideration of Rs 6.48 crore. CL Educate is one of Asia’s leading edu-corporates, with focus on diverse segments of education, and across learners of multiple age-groups. Led by … Read more
Tech Mahindra will invest Rs 125 crore to create an all-green tech hub in Nagpur. This investment will create at least 2,500 jobs. Recently, the company has also won an order of supplying 150 electric sedans to the government-owned ESSL as part of the government push to an all-electric transportation system in the country by … Read more
Alankit has received an approval for the investments up to Rs 6.5 crore in the form of Equity Shares/Preference Shares/Warrants/Convertible warrants/Debentures etc in Verasys Technologies, a company engaged in IT/ITes. Alankit can acquire up to 55% of equity shares of Verasys Technologies. After acquisition of equity shares of Verasys Technologies exceeding 50%, the company will … Read more
Reliance Infrastructure (RInfra) EPC has received the Letter of Approval (LoA) from National Thermal Power Corporation (NTPC) for Flue Gas Desulphurisation (FGD) works of its 3×500 MW power plant in Jhajjar, Haryana. The order value of the project is Rs 567 crore. The scope of work includes design, engineering, manufacture, transportation to site, erection and … Read more
Andhra Bank has raised Rs 500 crore by issuing Basel III-compliant bonds on a private placement basis. The bank has issued 9.2% unsecured fully paid-up non-convertible Basel III compliant additional tier I capital perpetual debt bonds in the nature of debentures for an amount of Rs 500 crore on private placement basis. The issue was … Read more
