Alstom T&D India has been awarded a contract by Bajaj Infrastructure Development Company, to supply e-BoP (Electrical Balance of Plant) Package for their upcoming 3 x 660 MW Super Thermal Power Project (TPP) in Lalitpur, Uttar Pradesh. The contract is worth approximately Rs 200 crore (euro 28.5 million).
The country's largest carmaker Maruti Suzuki has shut the third shift at its diesel engine plant at Manesar, which has an annual capacity of 3,00,000 units. It has also been reported that the company has asked 200 contract workers to go on indefinite leave following cut in diesel engine production at its Manesar plant due to low demand.
A team of officials from the Central Bureau of Investigation (CBI) raided Deccan Chronicle Holdings’ premises on Monday evening. A fortnight ago income-tax (I-T) department sleuths swooped down on the offices of the company. The CBI has been probing the affairs of the debt-strapped DCHL following a complaint regarding irregularities in the company's balance sheet by the Bangalore-based Canara Bank.
Realty firm Ashiana Housing will invest about Rs 800 crore over the next seven years to develop a housing project at Bhiwadi in Rajasthan. The company has acquired about 52 acre of land in Bhiwadi where 4,000 units will be developed in phases. Ashiana Housing, which focuses on building homes for senior citizens, had posted a net profit of Rs 33 crore over a turnover of Rs 161 crore during 2012-13 fiscal. This is company's eighth project in Bhiwadi, the total development in this project will be 5 million sq ft, which will be completed in the next seven years.
Educomp Solutions, India's leading education company, has approached Corporate Debt Restructuring (CDR) forum to restructure its rupee debt to correct the asset liability mismatch on its Balance Sheet. The Company has also approached CDR forum for restructuring of debt in its K-12 business (2nd major business, operated through its Subsidiary - Educomp Infrastructure and School Management). The debt-restructuring exercise will enable the Company to comprehensively address the liquidity issues by matching the maturity profile of debt with the relatively long-term nature of its investments.
Mumbai-based education company, Aptech, is open to acquisition opportunities that are adjunct to career education, according to chief executive officer and managing director Ninad Karpe. The 26-year-old company, which metamorphasised itself from being a computer education firm to a career education company, had in January 2010, acquired Maya Academy of Advanced Cinematics (MAAC) for Rs 76 crore. It is entering the African market aggressively and have signed up in Rwanda and Ghana recently. It should be in 15-20 countries in that continent, from the present six, within the next two to three years.
Infrastructure major Punj Lloyd will construct a residential complex for the Delhi Police at an estimated cost of Rs 1,300 crore at Dheerpur in the National Capital. The project, being developed on public-private partnership (PPP) mode, will have over 5,200 residential units, three schools and some commercial space, and will be maintained by Punj Lloyd for 25 years. To keep control on city's crime rate, the police needs to have better coordination with the public.
Tata Power, India’s largest integrated power company has inaugurated a first-ever pilot model of a Carbon Neutral Self Powered Eco-Hut, which was designed and constructed in India at Walwhan Garden, Lonavala. The Eco-Hut, made with an investment of Rs 10 lakh has zero carbon footprints as compared to a modern house. This initiative successfully demonstrates an integrated eco system of human habitat in harmony with nature, while conserving the environment for tomorrow. In a modern house, standard accessories cost about Rs 35 lakh and emit 4.2 tonnes of CO2.
The country's largest carmaker Maruti Suzuki has shut the third shift at its diesel engine plant at Manesar, which has an annual capacity of 3,00,000 units. It has also been reported that the company has asked 200 contract workers to go on indefinite leave following cut in diesel engine production at its Manesar plant due to low demand.
A team of officials from the Central Bureau of Investigation (CBI) raided Deccan Chronicle Holdings’ premises on Monday evening. A fortnight ago income-tax (I-T) department sleuths swooped down on the offices of the company. The CBI has been probing the affairs of the debt-strapped DCHL following a complaint regarding irregularities in the company's balance sheet by the Bangalore-based Canara Bank.
Realty firm Ashiana Housing will invest about Rs 800 crore over the next seven years to develop a housing project at Bhiwadi in Rajasthan. The company has acquired about 52 acre of land in Bhiwadi where 4,000 units will be developed in phases. Ashiana Housing, which focuses on building homes for senior citizens, had posted a net profit of Rs 33 crore over a turnover of Rs 161 crore during 2012-13 fiscal. This is company's eighth project in Bhiwadi, the total development in this project will be 5 million sq ft, which will be completed in the next seven years.
Educomp Solutions, India's leading education company, has approached Corporate Debt Restructuring (CDR) forum to restructure its rupee debt to correct the asset liability mismatch on its Balance Sheet. The Company has also approached CDR forum for restructuring of debt in its K-12 business (2nd major business, operated through its Subsidiary - Educomp Infrastructure and School Management). The debt-restructuring exercise will enable the Company to comprehensively address the liquidity issues by matching the maturity profile of debt with the relatively long-term nature of its investments.
Mumbai-based education company, Aptech, is open to acquisition opportunities that are adjunct to career education, according to chief executive officer and managing director Ninad Karpe. The 26-year-old company, which metamorphasised itself from being a computer education firm to a career education company, had in January 2010, acquired Maya Academy of Advanced Cinematics (MAAC) for Rs 76 crore. It is entering the African market aggressively and have signed up in Rwanda and Ghana recently. It should be in 15-20 countries in that continent, from the present six, within the next two to three years.
Infrastructure major Punj Lloyd will construct a residential complex for the Delhi Police at an estimated cost of Rs 1,300 crore at Dheerpur in the National Capital. The project, being developed on public-private partnership (PPP) mode, will have over 5,200 residential units, three schools and some commercial space, and will be maintained by Punj Lloyd for 25 years. To keep control on city's crime rate, the police needs to have better coordination with the public.
Tata Power, India’s largest integrated power company has inaugurated a first-ever pilot model of a Carbon Neutral Self Powered Eco-Hut, which was designed and constructed in India at Walwhan Garden, Lonavala. The Eco-Hut, made with an investment of Rs 10 lakh has zero carbon footprints as compared to a modern house. This initiative successfully demonstrates an integrated eco system of human habitat in harmony with nature, while conserving the environment for tomorrow. In a modern house, standard accessories cost about Rs 35 lakh and emit 4.2 tonnes of CO2.
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