Comments
Nitesh Estates Ltd's subsidiary Nitesh Urban Development Private Ltd launched on September 28, the Green Residential Project of 417 units on Marathahalli-Sarjapur outer ring road, IT hub of Bangalore. The project will yield a total revenue of Rs 300 crore over next 30 months adding significant income on consolidated basis.
Praj Industries Ltd has formed a new wholly owned step subsidiary — Praj Industries (Tanzania) Ltd, at Dar Es Salaam, Tanzania, through its subsidiary Praj Industries (Africa) (Pty) Ltd in South Africa to look after its business interest in Tanzania.
Punj Lloyd Group has been awarded a BoP order worth Rs 1,195 crore, for thermal power project by Haldia Energy Ltd, a wholly owned subsidiary of Calcutta Electric Supply Co.
In a major diversification into defense and aerospace, Rane Holdings Ltd acquired 26 per cent equity stake in SasMos HET Technologies Private Ltd, a company engaged in manufacturing interconnection systems (cable harnesses) for various applications in the defense and aerospace industries.
The first phase of the capacity enhancement of coated fabric by 72 lakh square metre (a year) at the technical textile business unit of SRF Ltd , Gummidipoondi, Tamil Nadu, has been commissioned and capitalised.
TTK Prestige Ltd's board of directors will, on October 10, consider a scheme whereby the kitchen appliances division of an unlisted company — Triveni Bialetti Industries Private Ltd — is proposed to be demerged into TTK Prestige Ltd.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.