Ajit Kumar is an industry veteran, with a long, 35-year stint with NTPC Limited, the company where he started his career and worked in several key positions before moving to power trading major PTC India […]
Prem Prakash Srivastava, chief executive officer (CEO) of PFC Consulting Limited (PFCCL) and PFC Capital Advisory Services Limited (PFCCASL), wholly owned subsidiaries of Power Finance Corporation (PFC), comes with nearly four decades of experience in […]
Sandip Das is one of Asia’s most respected telecom professionals. He was the first employee of Hutchison Max Telecom (which became Vodafone) at the dawn of the telecom revolution in India in 1994. Over the […]
Bharat Salhotra, managing director, India and South Asia, ALSTOM Transport, has been associated with ALSTOM Transport India for the past three years and has spearheaded the company’s expansion in India. Today, it is well positioned […]
In his current role, Moses Harding is clear about his priorities. “The foremost task is to provide comfort and confidence to the regulators. At the balance sheet level, the role is to deliver the desired […]
An Indian Administrative Service (IAS) officer of the Maharashtra cadre, 1990, Anil Udhavrao Diggikar is chairman, Jawaharlal Nehru Port Trust (JNPT). Situated in Navi Mumbai, JNPT operates three major container terminals and handles almost 46 […]
Ashoka Buildcon Limited (ABL) has achieved financial closure for two road projects in Karnataka, as stated in a letter received from Karnataka Road Development Corporation Limited (KRDCL). The first project entails the augmentation of the […]
Welspun Enterprises Limited has achieved financial closure for Package I of the Delhi-Meerut expressway project. This is the first hybrid annuity-based project to have closed financially. Package I entails a total cost of Rs 8.41 […]
The National Investment and Infrastructure Fund (NIIF) has become operational and will commence funding activities soon. The dedicated fund is indicative of the government’s attempt to make more funds available for the infrastructure sector. Funding […]
Tata Power Renewable Energy Limited (TPREL), a wholly owned subsidiary of Tata Power Company Limited, has completed the acquisition of Welspun Renewables Energy Private Limited (WREPL) at an enterprise value of Rs 92.49 billion. With […]
Reliance Communications (RCOM) has signed a definitive agreement to merge its wireless operations with Aircel’s wireless business. RCOM and Maxis Communications Berhad (the Malaysia-based parent company of Aircel) will each hold a 50 per cent […]
Adani Ports and Special Economic Zone Limited (APSEZL), through its subsidiary Abbot Point Operations (APO), has entered into an agreement to acquire the ownership of Australian company Abbot Point Bulkcoal Pty Limited (APB). APB operates […]
RInfra has signed a binding agreement with Adani Transmission Limited (ATL) for the sale of its power transmission assets to the latter. The company will utilise the proceeds for reducing its debt burden. SBI Capital […]
ONGC Videsh Limited (OVL) and its wholly owned subsidiary ONGC Videsh Vankorneft Private Limited, jointly signed definitive agreements with Rosneft for acquiring an additional 11 per cent share in JSC Vankorneft, the owner of the […]
Vodafone India received an equity infusion of Rs 477 billion from the Vodafone Group in the first half of 2016-17. The equity infusion, via the foreign direct investment (FDI) route, is the largest ever FDI […]
The board of the Oil and Natural Gas Corporation (ONGC) has approved the signing of an MoU for buying a stake in Gujarat State Petroleum Corporation Limited’s (GSPC) Krishna-Godavari (KG)-OSN-2001/3 block. ONGC has hired US-based […]
The CCEA has approved stake purchases in two Russian oilfields by a consortium comprising Indian Oil Corporation Limited (IOCL), Oil India Limited and BPCL for a total of $3.14 billion. The consortium will acquire a […]
ICICI Bank has acquired an 11.08 per cent equity stake in ABG Shipyard Limited by exercising its option of converting compulsorily convertible preference shares into equity. The lenders now have a 49 per cent stake […]
The centre is considering roping in two-three banks, including the State Bank of India (SBI) and Punjab National Bank, to pick up a stake in the Rs 5 billion credit enhancement fund anchored by Indian […]
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