• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

New Delhi, Jan. 25

In the backdrop of the French President’s visit to India, Degremont, a subsidiary of Suez Environment, has signed a contract with Mumbai authorities for a drinking water treatment plant for Rs 340 crore. The contract is being financed 30 per cent by the Union Government, 20 per cent by the State Government of Maharashtra and the remaining directly by the Municipal Corporation of Greater Mumbai (MCGM). The company has also recently bagged an order from the Delhi Gover nment for a similar project. The combined value of both the projects is estimated at Rs 490 crore. With operations in over 70 countries and 3,500 employees, Degrémont generated sales of €1 billion in 2006. In India, it employs 200 people with over 60 per cent of its business from the municipal sector.

— Our Bureau

More Stories on : New Business | Water

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Degremont bags Rs 490-cr orders

Copyright © 2008, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line