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NMDC, is set to sign a MoU with Severstal for a plant in Karnataka. The plant size is of 2 mn tonne, but is likely to be scaled up to 5 mn tonne.
India's state-run explorer, Oil India has invited Russia's state-owned energy giant Gazprom to develop two gas fields in India.
Russia-based United Aircraft Corporation (UAC) has signed pacts with three Indian companies for delivery of eight passenger aircraft valued at about Rs 1,840 crore.
Case New Holland has started exporting construction equipment such as backhoe loaders and vibratory compactors that is manufactured at its Indian facility.
ONGC Videsh Ltd (OVL) is planning to acquire a 25 per cent stake in the Vankor oil field of Russia´s biggest oil company Rosneft.The Russian company had offered OVL a 10 per cent stake in the field, located in Siberia, after divesting a 10 per cent stake to CNPC of China for $1 bn.
PRATAP PADODE, Editor-in-Chief and Managing Director, ASAPP Media, highlights the need for skill development and rebuilding India.
Russian firm Sistema JSFC has shown keen interest in India´s smart city project. The Russian oil to telecom conglomerate will soon approach the Indian government to develop smart cities in the country.
ONGC Videsh Ltd (OVL) is planning to acquire stakes in two Russian oilfields -û Vankor and Yurubcheno-Tokhomskoye.
India is planning to buy 30 per cent stake in Russian fertiliser producer ACRON´s potash project through a consortium of three PSUs
In addition to ordering five 250 tonne capacity Kobelco CKE2500-2 crawler cranes last spring, Dutch based crane rental and heavy lift company, Mammoet has ordered four more units for use in its international operations.