Reliance Cementation, the cement arm of the Anil Dhirubhai Ambani Group is planning to acquire Sree Jayajothi Cements (SJJC) a part of the diversified Jayajothi Group of Tamil Nadu – with revenues in excess of Rs 300 crore.
Reliance Group and Wanda, China’s leading developer have entered a JV to establish real estate projects in India. The initial projects will be in Navi Mumbai and Hyderabad. The 135 acre Dhirubhai Ambani Knowledge City in Navi Mumbai owned by Reliance Communications may be developed after necessary approvals. Also, the Hyderabad project owned by Reliance Infrastructure is an 80 acre new business district, which offers unlimited FSI for the development of commercial and residential purposes, hot
A combination of a good rainfall, improvements in economic indicators and the urgent rollout of stranded projects by the government bode well for India's construction sector. With such positive signals the industry is hoping the clean-up act is for good, reports CHARU BAHRI.
Reliance Communications is in the midst of constructing a 4.50-lakh sq ft data centre at its headquarters in Navi Mumbai. The facility International Data Centre 5 (IDC-5) will be housed at the Dhirubhai Ambani Knowledge City in Navi Mumbai and will be the largest facility in the country increasing the company's total space to 11 lakh sq ft.