Page 32 - Amritha Pillay

India entering phase of greater energy availability: PM Modi at Petrotech

Says under Ujjwala, LPG connections have been given to over 64 million households in under three years; Under Saubhagya aim is to achieve 100% electrification of households in India

Sajjan Jindal-promoted JSW Group announces entry into steel furniture biz

JSW Living, which will house the furniture brand, will invest Rs 250 crore in the next five years for expansion

Away from riskier EPC, L&T gives IT services another shot with Mindtree

L&T will create multiple firsts for itself - initiating a hostile takeover being one of them

Reliance Infrastructure to sell Delhi-Agra road project to Cube Highways

In its release, the company pegged the deal enterprise value at Rs 3600 crore

Shrinking the size of lenders' consortium might be helpful, say infra firms

There is a directive to PSBs to reduce the number of banks in the consortium that lend to projects

Mumbai Metro line 3 project estimated to cost Rs 7,000 crore more

At 33.5 km, the line 3 is the longest corridor of the Mumbai metro

RInfra pips L&T, Afcons to win Rs 648 cr contract for Hirasar airport

The new facility is 36 km from existing Rajkot airport, will cater to spillover traffic from Ahmedabad

JSW Cement IPO in 2021 should mop up Rs 3,500 crore: Parth Jindal

Parth Jindal is also preparing for a retail launch of its paints business'

Domestic companies see gross refining margins nosedive in December quarter

More hit expected in March quarter

2 yrs after workers death, NTPC admits to counterfeit pipes and their usage

In 2017, a worker was killed during an equipment test at NTPC's then under-construction Meja power plant in UP

Petrotech 2019: Abu Dhabi oil firm targets India's downstream segment

As India's demand for fuel continues to grow steadily, it is expected to attract interest from foreign crude oil suppliers

Road developers bid for projects, but do not rely on NHAI traffic data

With scope for inaccuracy and misreporting, industry officials prefer to stick to their own means

NHAI and Maharashtra differ over accuracy in toll collection data

While the National Highways Authority asks for 95% accuracy in toll collection data, the state road development agency is content with 90%

Suzlon Energy stock plunges more than 24% on debt default rumours

The company's debt burden has been a concern, both with the analysts and rating agencies.

Essel Infra's search ends, gets 4 non-binding offers for road assets

Industry experts remain skeptical of infra M&A deals

Vedanta pumps Rs 1,431 cr in Anglo American, buys Volcan's stake

Last year, Volcan, that owned nearly 67 per cent in Vedanta Resources earlier, acquired 33.5 per cent of the company's stake in July

JSW Energy net rises three-fold to Rs 147 cr on strong power demand

Firm cites MTM loss on JSW Steel holding as reason for a total comprehensive loss of Rs 328.55 cr

Ultratech bets on Jaypee formula to up output at Binani, Century Cement

Ultratech's acquisition spree has also led to an increase in debt for the company

L&T's December quarter net profit up 37%; order inflow down 12%

Earnings before interest, taxation, depreciation and ammortisation or Ebitda for the quarter was more than Rs 4000 crore

Funding options dry up for highway projects as they get lukewarm response

Under the TOT model, the concessionaire pays a one-time fee upfront, operates toll for 30 years