Silawat Launches Projects Worth Rs 120 Million in Sanwer
Water Resources Minister Tulsi Ram Silawat inaugurated and laid foundation stones for over 100 infrastructure projects valued at more than Rs 120 million during a large-scale public event in Sanwer on Sunday.Addressing the gathering, Silawat emphasised the rapid development seen in Sanwer over the past six years. “Development works worth several crores have been completed across all 15 wards,” he noted. The projects cover a wide range of civic improvements including cement concrete roads, drainage systems, stormwater lines, bridges, anganwadi centres, community halls, cremation grounds, pl..
JSW Trust Sells Rs 12.1 Billion Stake to Aid Akzo Deal
The Sajjan Jindal Family Trust has divested a 2 per cent stake in JSW Infrastructure Ltd — India’s second-largest commercial port operator — for Rs 12.1 billion, selling shares to institutional investors including the Government of Singapore. The move is part of efforts to comply with public shareholding norms and potentially fund JSW Group’s planned acquisition of Akzo Nobel India.Of the total divestment, 0.88 per cent was offloaded directly to Singapore’s sovereign entity, which acquired approximately 18.4 million shares via block deals at Rs 288 each, amounting to Rs 5.31 billion,..
Maharashtra Approves Shipbuilding Policy to Boost Maritime Sector
The Maharashtra government has approved a new shipbuilding policy to bolster the state’s maritime infrastructure and promote ship repair and recycling industries. The Maharashtra Shipbuilding, Ship Repair, and Ship Recycling Facility Development Policy 2025 was cleared in the latest cabinet meeting, with a Government Resolution (GR) issued on Friday.This move is expected to attract fresh investments, generate employment, and contribute to foreign exchange savings by reducing reliance on overseas shipyards. The policy aligns with the central government’s Maritime India Vision 2030 and Marit..
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