Taking off as a finance and leasing company in 1990, SRS Group has come a long way. Known as BTL Investments Ltd and Bansla Finlease Ltd then, the company diversified its business and entered into the manufacture and marketing of edible oil and tea in 1997.
The mining company, Orissa Minerals Development Company, has decided to invest around Rs 800 crore in setting up iron ore pelletisation and beneficiation plants to convert iron ore fines lying as waste into usable raw material for the steel industry. State owned OMDC will invest Rs 400 crore each in setting up one pelletisation plant and one beneficiation plant of 2 mn tonne capacity each.
Steel Authority of India (SAIL) has been granted 13 iron ore mining leases in Jharkhand, the renewal of which is pending with the state government except for one lease – the Budhaburu lease of Chiria,
Air India's plan to lease vacant floors in its iconic Nariman Point headquarters in Mumbai is facing rough weather, but Civil Aviation Minister Ajit Singh is confident the government-owned carrier would be able to carry out its plans to monetise the real estate.
Pune Municipal Corporation (PMC) is set to receive Rs 46.6 crore from Maharashtra government to undertake projects sanctioned under the Jawaharlal Nehru National Urban Renewal Mission (JNNURM). The Rs 46.6 crore is part of the overall grant of Rs 63.8
Sales of Bharatiya City project's 'Nikoo Homes Release II,' near Hebbal in Bangalore is opened from January 23, the company said in a release. The company said that construction of Bharatiya Centre for IT and IT Park within the project has been started.
Air India is to give preference to State-owned enterprises to lease its 1.7-lakh sq ft office in central Delhi's Baba Kharak Singh Marg. AI's decision is part of its programme to monetise real estate assets. The loss-making and debt laden airline had decided in February to monetise its properties spread over India and various parts of the world over the next three years to raise an estimated Rs 5,000 crore, kick starting the process with its city terminal office at Baba Kharak Singh Marg.