Odisha Orders Upload Of Project Data To PM GatiShakti
The Odisha government has directed major infrastructure departments to upload existing project data on the Prime Minister GatiShakti National Master Plan (PMGS-NMP) portal by the end of July. The Planning and Convergence department (P&C department) will act as nodal department and the Odisha Industrial Infrastructure Development Corporation (IDCO) will continue as nodal agency for coordination and technical support. The move is intended to expedite integrated infrastructure planning. The revised framework, approved after high-level meetings with the concurrence of Chief Minister Mohan Charan M..
CCI Clears Brookfield, Approves Go Digit Merger
The Competition Commission of India has approved Brookfield Asset Management's proposed acquisition of certain entities of the Oaktree group. The regulator said the approval covers acquisition of Oaktree Capital Group Holdings and the Oaktree Equity Plan. Brookfield Asset Management, controlled by Brookfield Corporation, oversees more than US dollar one tn in assets under management. The CCI published its decisions after standard review of market overlaps and relevant competitive effects across the affected sectors. In a separate clearance, the CCI approved the amalgamation of Go Digit Infowor..
SAIL And Krakatau Steel Plan US$350 Mn Indonesia Stainless Slab Plant
Steel Authority of India Limited (SAIL) and Indonesia's Krakatau Steel plan to invest up to US$350 million (US$350 mn) in a stainless steel slab plant in Indonesia, sources said. The proposed facility will have an annual capacity of 500,000 metric tonnes (t) and is expected to be operational within three to four years. The investment and capacity figures were disclosed by two Indian sources familiar with the matter and follow a preliminary agreement reached earlier this month. The companies intend the arrangement to secure slab supply for downstream processing in India. The firms signed a prel..
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