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1.Indian cos to invest Rs 4,500 cr in Maldives

Indian companies have lined up investments in tourism, hospitality, health care, real estate and energy sectors, etc, worth around Rs 4,500 crore in Maldives, over the next two to three years.


2.Phoenix Hospitality signs pact with Marriott International

Phoenix Hospitality Company signed a long-term management agreement with Marriott International for hotel projects at Mumbai and Agra at a cumulative project cost of about Rs 320 crore.


3.Sical to set up iron ore terminal in Mangalore

Sical Iron Ore Terminal Ltd signed a concession agreement with the New Mangalore Port Trust to set up an iron ore handling facility at the deep draft multi purpose berth at New Mangalore Port.


4.Manitex to deliver cranes worth $5.7mn

Manitex International has bagged $5.7 mn crane orders to be delivered in the first half of 2010. About $3.7 mn crane orders are to be delivered for power generation applications, and $2 mn for Badger Equipment’s new rough terrain crane from the railroad sector.


5.Acme signs power purchase deal

Energy management firm Acme has signed a 25-year power purchase agreement with the Chhattisgarh power distribution company to supply power from its 30 MW solar plant to the state.


6.NMDC signs MoU with APMDC

National Mineral Development Corporation (NMDC) and Andhra Pradesh Mineral Development Corporation (APMDC) have signed an MoU to undertake exploration of low-grade iron ore and gold deposits in Andhra Pradesh.


7.MDDA plans infra projects

Mussoorie Dehradun Development Authority (MDDA) plans to set up a new city centre near on 20 acre in Dehradun with an investment of Rs 125 crore.


8.India, Nepal to negotiate for 900 MW hydro project

India and Nepal are negotiating for a Project Development Agreement (PDA) to generate hydro-electric power in the country.


9.India, EU likely to sign atomic energy deal

India and the European Union are likely to sign an agreement on civil atomic energy which will facilitate the participation of India in the International Thermonuclear Experimental Reactor (ITER) project in France.


10.Posco signs with OPTCL for power supply

Posco India has initiated various activities including infrastructure development to expedite the work for its 12 mn tonne steel plant in Orissa, after receiving stage II clearance from the Ministry of Environment and Forest (MoEF).


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