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1.Tanzania plans US$ 9.2 bn in cement investment

According to a report, three companies plan to invest as much as US$ 9.2 bn in Tanzanian cement production in projects that could double the nationĀ“s installed capacity.


2.NTPC, BHEL look to expand presence in Africa

NTPC is exploring opportunities in Africa to get coal blocks under bilateral pacts between India and mineral-rich countries in the continent, as it looks to secure fuel for its expanding local capacities.


3.ONGC Videsh Ltd to bid for oil and gas block

The overseas arm of state-owned Oil and Natural Gas Corp, ONGC Videsh Ltd, is likely to bid for deep sea oil and gas blocks in Tanzania as it looks to expand its presence in energy-rich Africa. Tanzania is offering eight blocks in its fourth Offshore Licensing Round, bids for which closed recently.


4.RITES loses Saudi Railway contract

RITES, the government-owned consulting company, has lost a contract to operate the newly constructed North-South Railway system (NSR) of the Saudi Railway Co following differences over how to run the railroad network.


5.A look at business opportunities bagged by industry players

Nagarjuna Construction Company has bagged a contract from NHAI to execute the four-laning of 163 km Jamshedpur-Ranchi stretch of NH-33.


6.Royal Orchid to expand

Hospitality major Royal Orchid Hotels is planning to increase its hotel count to 20 by investing around Rs 500 crore in tier I, II and III cities in the next financial year.


7.Ashok Leyland bags $79.2 mn project in Tanzania, Zimbabwe

Ashok Leyland recently bagged two large integrated transport projects in Tanzania and Zimbabwe worth $79.2 mn. As part of these projects, the company will supply trucks, buses, light commercial vehicles, spares and allied support services, including training and developmental consultancy.