Letter Of Intent

Earlier on October 9, Tata Sons acquired the debt-laden Air India with a winning bid of Rs 18,000 crore.

ITI gets LoI from RajCOMP for Rs 334 cr RajNet project

Under the project, ITI is expected to establish 40,000 outdoor Wi-Fi access points in Rajasthan, the company said in a release. It said the project envisages supply, installation and maintenance of outdoor Wi-Fi access points along with associated RF Radio equipment in six months followed by operation and maintenance of the network for five years.

Petron Engg gains 11%, gets LoI of Rs 33 cr from Shree Cements

The company has received LoI from Shree Cement for civil work of plant building & silos and miscellaneous work at their Orissa grinding project at Cuttack, Orissa of Rs 33 crore.

L&T set to convert Pune into smart city, gets LoI

The letter of intent (LoI) was handed over to representatives of L&T Construction's Smart World and Communication business unit, which will be executing the project, by Municipal Commissioner of Pune Kunal Kumar, the company said in a statement.

Kilburn Engineering up 8%, bags orders worth Rs 43.15 cr

The company has received orders / letter of intent worth Rs 43.15 crore till date, which includes order for instrument and utility gas package (IUG) for offshore platform of ONGC of Rs 16.99 crore.

Tata Steel, Liberty House sign LoI for UK specialty steel biz

Tata Steel has signed a letter of intent (LoI) with Liberty House to sell its UK speciality steel business, the company said in a statement on Monday. The deal, which also covers several South-Yorkshire based assets, is being pegged at an enterprise value of £100 million.

IL&FS Engineering receives LoI for Rs 149 cr order in UP

IL&FS Engineering and Construction Company today announced receiving letter of intent for Rs 149 crore rural electrification work in Uttar Pradesh.

How to plan for the financial security of Special Need Child?

Till parents are alive they are the guardian but when they are not there then who can be the trusted person for their child‘s welfare?

BGR Energy receives letter of intent from APGENCO

Engineering, procurement and construction major BGR Energy Systems has received a Letter of Intent from the Andhra Pradesh Power Generation Corporation (APGENCO) for execution of a project valued at Rs 2,300 crore

Fiem Industries gains 3% on LED bulbs order worth Rs 12.31 cr

The company has received a Letter of Intent for design, manufacture and supply of self ballasted 9W LED bulbs with 3 years warranty from Energy Efficiency Services.

San Francisco, B'luru sign LoI under 'sister initiatives'

As per the LoI signed under the aegis of Invest Karnataka 2016, interactive art and technology installations from San Francisco would soon be seen in the city, the state government said in a release.

Minda enters JV with Japan's Kosei worth Rs 300 crore

NK Minda, chairman, Minda Industries says the joint venture is worth Rs 300 crore and the operations for the same will begin in April 2016.

Shasun Pharma, SeQuent in animal health products JV

SeQuent Scientific will hold 73 percent in the joint venture, while Shasun will own the remaining 27 percent and both will contribute by way of transfer of identified assets, contracts and licenses.

LoI on Rlys order soon; may raise funds via PE: Kalindee

AP Verma, director finance, Kalindee Rail Nirman says, in an interview to CNBC-TV18, that he expects the LoI on railways order soon and adds that the company may raise funds via the PE route

Current order book at Rs 3,800cr, says Unity Infra

In an interview to CNBC-TV18, Madhav Nadkarni, chief financial officer of Unity Infra Projects spoke about the latest happenings in his company and the road ahead.

I amended the press release, says Raja

In a revelation, Raja said that it is correct that he had amended the press release, which is one of the allegations against him. But it was after he had taken legal opinion from the then Solicitor General, Mr. Wahan Wati, reports Malvika Jain of CNBC-TV18.