Companies

Hinduja Group forms JV with Spanish co OHL for infra projects

PTI Mumbai | Updated on March 12, 2018 Published on October 25, 2012

Ashok Hinduja, Chairman, Hinduja Group

Multi-billion dollar conglomerate, Hinduja Group today signed an agreement with Spanish construction multinational OHL for joint development of infrastructure projects in India and other countries.

The Memorandum of Understanding (MoU) was signed by Hinduja Group Chairman Ashok Hinduja and OHL Group Chairman Juan-Miguel Villar Mir, a company statement said.

The MoU was inked during Spain King Juan Carlos’ four-day official visit to India that began on Wednesday.

OHL Group Chairman is a member of the Spanish business delegation travelling with the King.

At the signature ceremony, Juan-Miguel Villar Mir recalled that internationalisation was one of the mainstays of OHL’s business strategy.

Expressing confidence in the success of the alliance the two groups have formed, he said, “For OHL, this signifies a major opportunity for expanding our business activity in a geographical area where we are beginning to operate.”

Ashok P Hinduja said: “This joint venture is set within the Hinduja Group’s strategy of participating in the development of infrastructure projects in India, an activity that has been opened up to the private sector through public-private partnership.”

OHL is a major international concession and construction group and a world leader in hospital and railway construction.

It is the eighth largest concessionaire in the world.

With presence in 35 countries on five continents, Hinduja Group has businesses spread across automotive, IT, media, entertainment and communication, infrastructure, oil and gas, power, real estate and healthcare.

Published on October 25, 2012

A letter from the Editor


Dear Readers,

The coronavirus crisis has changed the world completely in the last few months. All of us have been locked into our homes, economic activity has come to a near standstill. Everyone has been impacted.

Including your favourite business and financial newspaper. Our printing and distribution chains have been severely disrupted across the country, leaving readers without access to newspapers. Newspaper delivery agents have also been unable to service their customers because of multiple restrictions.

In these difficult times, we, at BusinessLine have been working continuously every day so that you are informed about all the developments – whether on the pandemic, on policy responses, or the impact on the world of business and finance. Our team has been working round the clock to keep track of developments so that you – the reader – gets accurate information and actionable insights so that you can protect your jobs, businesses, finances and investments.

We are trying our best to ensure the newspaper reaches your hands every day. We have also ensured that even if your paper is not delivered, you can access BusinessLine in the e-paper format – just as it appears in print. Our website and apps too, are updated every minute, so that you can access the information you want anywhere, anytime.

But all this comes at a heavy cost. As you are aware, the lockdowns have wiped out almost all our entire revenue stream. Sustaining our quality journalism has become extremely challenging. That we have managed so far is thanks to your support. I thank all our subscribers – print and digital – for your support.

I appeal to all or readers to help us navigate these challenging times and help sustain one of the truly independent and credible voices in the world of Indian journalism. Doing so is easy. You can help us enormously simply by subscribing to our digital or e-paper editions. We offer several affordable subscription plans for our website, which includes Portfolio, our investment advisory section that offers rich investment advice from our highly qualified, in-house Research Bureau, the only such team in the Indian newspaper industry.

A little help from you can make a huge difference to the cause of quality journalism!

Support Quality Journalism
null
This article is closed for comments.
Please Email the Editor
You have read 1 out of 3 free articles for this week. For full access, please subscribe and get unlimited access to all sections.