The Indian real estate sector has been largely unregulated except for a few states like Maharashtra, Uttar Pradesh, Andhra Pradesh, Delhi and Karnataka. Any pro-consumer development was solely a result of judicial activism. This R
The Asian Infrastructure Investment Bank (AIIB), in which India is the second largest shareholder after China, has approved the project with the objective to strengthen the power transmission and distribution system in Andhra Pradesh, said a bank statement.
They are targeting a sum of Rs 1 crore for developing production techniques, market farm produce and assist farmers with government schemes.
State Chief Minister N Chandrababu Naidu today welcomed the anti-submarine warfare aircraft, which landed at INS Dega here for the last time this morning.
Announcing the commissioning of the balance 64 MW today, Tata Power said with this, the operating renewable portfolio of TPREL has grown to 1,959 MW, comprising 907 MW wind, 932 MW solar and 120 MW waste heat recovery capacity.
With 50 MW operational capacity in wind power already in Madhya Pradesh, PEL's portfolio of renewable energy projects has now scaled up to 288.8 MW, a company statement said.
"Dilip Buildcon Ltd has been declared as the lowest-1 (L-1) bidder for the project of four-laning, rehabilitation and upgradation of NH-4 from Nalagampalli to AP and Karnataka Border... under NHDP-IV in Andhra Pradesh in EPC mode," the company said in a BSE filing.
The contract value of the project is Rs 503.10 crore with 24 months of completion period.
Tata AIA Life Insurance Co Ltd (Tata AIA Life) has joined hands with Tata Teleservices to launch an insurance plan - m-Insurance - which will offer Rs 1 lakh insurance cover to the telecom company's subscriber base in Andhra Pradesh and Telangana. This will be a pilot offer on select recharges.
The Yogi Adityanath-led BJP government is keen on implementing its electoral promise of farm loan waivers in Uttar Pradesh, which could cost the state exchequer anywhere between Rs 27,000 crore and Rs 36,000 crore.
"The companys subsidiary viz Ashoka Concessions Ltd (ACL) has received letter of award from National Highways Authority of India (NHAI) ... for six laning of Ranastalam to Anandpuram (Visakhapatnam) section of NH 5 (new NH 16) in Andhra Pradesh," Ashoka Buildcon said in a regulatory filing to the BSE.
CNBC-TV18 will felicitate the leaders who have led the country’s glorious journey from the front, in the 12th edition of CNBC-TV18's India Business Leader Awards (IBLA) on March 23. The business leadership awards recognise leaders who create and sustain entrepreneurial initiatives, develop best practices and carve out powerful businesses in the global economy.
"The company has received an order for design, engineering, manufacturing, supply, commissioning and operation and maintenance of 500 mw grid connected solar PV power project, including civil works in Andhra Pradesh, on EPC basis for Andhra Pradesh Power Generation Corporation Ltd for a value of Rs 415.29 crore," McNally Bharat Engineering said in a BSE filing.
Google India and Telangana government have signed a Memorandum of Understanding (MoU) aimed at supporting the digitisation efforts of the state.
"Commercial production at the company's newly set up steel pipe plant at Hindupur district Ananthapuramu (AP) for manufacturing of ERW Black and GI Pipes with an installed capacity of 90,000 tonnes per annum" will commence from today, the company said in a BSE filing.
The company recently concluded the construction of a 1320-MW thermal power plant in Andhra Pradesh and its overall power portfolio now aggregates 2,640 MW.
Sembcorp Gayatri Power has completed construction of its second 660-megawatt unit, marking the creation of 2,640 MW power complex.
The development comes in the wake of the ministry of power setting up a committee to explore ways to infuse life into the struggling equipment maker for power plants. Bharat Heavy Electricals Chairman and Managing Director Atul Sobti heads the panel.
"Five Chief Ministers, Niti Aayog, all of us are working. We've given an interim report and we're going to give final report very soon," Naidu told reporters on the sidelines of a Microsoft event here.
There has been steady increase in demand, says K Ravi, MD of NCL Industries. A further increase in prices is likely in the near-term, he adds.
The said order is to be executed in next two quarters and it enables the company to establish a footprint for continued engagement in delivering digital cinema silicon and systems solutions.
There have been a lot of talk on the imminent foray of KIA Motors into India and it is likely that KIA, which is part of the Hyundai Group may have picked Andhra Pradesh as the site for its first factory in the country.
Oil and Natural Gas Corporation's (ONGC) planned Rs 78,000-crore investment for development of oil and gas discoveries in Andhra Pradesh will be credit negative and lead to an upfront increase in leverage, Moody's Investors Service said on Monday.
The company signed a memorandum of understanding with the Andhra Pradesh government in this regard on January 28, 2017.
Lenders had last year converted a part of their debt into equity in GMR Rajahmundry Energy, that operates a 768 MW natural gas-based power plant at Rajahmundry in Andhra Pradesh.