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As rising government debt looks to squeeze infrastructure spending, world’s leading cement makers Swiss group Holcim and France’s Lafarge expect the coming years to be tough in Europe and the United States.
Members of the real estate industry presented their pre-budget memorandum to finance ministry.
The last few years have been challenging for the infrastructure industry across various fronts. Much has been said and printed about the same. Barring metro and urban infrastructure, opportunities dried up across segments, leading to increased
Gujarat-based Sanghi Industries plans to raise about Rs 660 crore in debt for part-financing an expansion programme. This will increase its cement capacity to 8 mn tonne.
Rural Electrification Corporation Ltd (REC) has signed a memorandum of understanding (MoU) with NTPC Tamil Nadu Energy Company Ltd (NTECL), a joint venture company set up by NTPC.
Parsvnath Developers raised Rs 269.5 crore through private placement of shares with institutional investors.
As success springs from the womb of hard work and a strong determination, Sudhir Trehan, Managing Director, Crompton Greaves and Winner of Business Standard CEO of the Year 2010 Award too, has emerged victorious on account of his tenacity and perseverance.
Alok Industries is planning to dispose off its real estate investments in order to reduce debt and raise money for working capital requirements.
Jindal Steel and Power (JSP) will soon acquire Oman-based Shadeed Iron & Steel for nearly $500 mn.
Tata Steel plans to raise Rs 10,000 crore of debt to finance the expansion of its Jamshedpur plant and part-pay debt its at Corus Plc, its UK-based business.