Strategic disinvestment of AIESL, AIASL, and Alliance Air gathers pace as the Centre looks to revive stalled asset sale process and meet FY26 receipts target
In a first, the steel maker is exploring a business model wherein it will supply finished steel products to companies which will either fund its working capital or supply one or more raw materials.
The ministry in a release on Friday said that the project is expected to be complete with an investment of Rs 41,000 crore (USD 5 billion), including investment from both government and PPP concessionaire.
Union Minister of State for Port and Shipping Shantanu Thakur paid a visit to Andaman and Nicobar Island recently to preview development activities planned for the islanders with port-related infrastructure.
The government and LIC together are looking to sell 60.72 percent stake in IDBI Bank and had invited bids from potential buyers
"There are still some pending issues that need to be discussed with the Reserve Bank of India and Securities and Exchange Board of India. We are hopeful of issuing the EoI by September," the official told PTI.
Prominent among the parties that submitted EoIs are Nazara Tech, Adlabs Entertainment, Manikchand Group, FZE, Tech Connect Services, Capri Global, Jindal Enterprises and iLabs India
The Department of Investment and Public Asset Management (DIPAM) had in March invited bids for strategic sale of FSNL. The last date for putting in bids was May 5 which was later extended to June 17.
The metals and mining conglomerate has posted an advertisement inviting EoIs by July 4 for the plant, which it said accounted for 40% of India’s copper output and employed thousands
The last date to submit the proposal is June 8, 2022, according to a notification on the website of Ministry of Power.
Expressions of Interest (EoI) for the strategic sale of BPCL were invited by May 2. Last date for investor queries is April 4
"We wish to inform that the 8th CoC meeting of Jet Airways (India) Ltd was held on February 18 and in the e-voting concluded on February 25, the CoC passed the resolution to issue fresh Invitation of EoI (Round) for the corporate debtor," Jet Airways said in BSE filing.
Oberoi Realty submitted its Expression of Interest (EoI) on December 27, 2019, while Interups submitted its EoI on January 6.
NCLT has warned Jet CoC of contempt proceedings if it does not release interim funds to the resolution professional by January 20
Sources in the industry fear that the interest in Jet may be limited to its assets such as aircraft and airport slots
"Eligibility of the received EOIs is being scrutinised. Interest has been received from a mix of strategic and financial players. Qualifying interested bidders will then be invited to review information on the business that would be shared with them, so as to enable them to submit commercial bids," the company added.
The bourse has floated a tender for EoIs from developers either in revenue share or area share basis. The piece of land is at a prime location at the newly developed New Town's Action Area II.
Raju said in Lok Sabha the central government has received the EoI of the Uttar Pradesh government and will provide all help in this endeavour.
Realty firm Puravankara Projects will invest Rs 500 crore in next 5 years on construction of its first housing project in Hyderabad.
The contract is the first of many deals as a part of the government‘s digitisation drive.
Coal India is inviting expression of interest from foreign consultancy firms to address the issues for its technology development and modernisation.
The company law board (CLB) has put a stay on Uninor auction after joint-venture partner Unitech raised objections. The CLB has also said it will hear the Unitech petition challenging the Uninor resolution on asset sale on August 8, reports CNBC-TV18's Malvika Jain.
The Maharashtra government has received investment proposals worth Rs 1,550 crore in the textile sector after it announced a new policy to boost development in the cotton-growing regions of the state.
State-run MTNL has invited expression of interest (EoI) from banks for providing long-term loans of Rs 1,500 crore to repay its debts and meet operational expenses.
Chandra today said dates for talks on the double taxation avoidance agreement (DTAA) between India and Mauritius haven't been fixed yet.