Tag Archives: Investment

NIIF invests Rs 2,100 crore in Manipal Hospitals

India’s quasi sovereign wealth fund – National Investment and Infrastructure Fund Limited (NIIFL) has invested Rs 2,100 crore in Manipal Hospitals, one of India’s largest multi-speciality healthcare provider. The investment, made through its NIIF Strategic Opportunities Fund (SOF), the direct … Continue reading

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Tata Steel receives approval to set up unit in Odisha

Tata Steel Processing and Distribution Ltd is setting up a manufacturing unit at an investment of Rs 92 crore and it received the investment approval from the Government of Odisha, Wednesday. The company’s Managing Director Abraham Stephanos formally received the … Continue reading

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HPL to wait for viability before making further investments

KOLKATA: Haldia Petrochemicals Ltd (HPL) has got a shot in the arm following the waiver of import duty on the naphtha it uses as feedstock, but a top company official today said the company will wait for the viability of … Continue reading

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Government sacks all five independent directors of Mangalore Refinery and Petrochemicals Ltd

NEW DELHI: The government has sacked all the five independent directors of Mangalore Refinery and Petrochemicals Ltd (MRPL), leaving the company board with no powers to take any large investment decision. MRPL in a filing to the stock exchanges today … Continue reading

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China’s Monalisa Tiles makes India foray with $25mn investment

KOLKATA: Venturing into India with an investment of $25 million, China-based Monalisa Tiles plans to open around 15 stores in the country this year. With an annual turnover of $800 million and a global presence in more than 100 countries, … Continue reading

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NMDC keen on stake in Canadian co Potash’s projects

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ACME, Tatweer to invest $2.5 billion to set up Green Ammonia unit in Oman

ACME Group on Tuesday said it signed a memorandum of understanding (MoU) with the Oman Company for the Development of the Special Economic Zone at Duqm (Tatweer) to invest $2.5 billion to set up a green hydrogen and green ammonia … Continue reading

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Tata Chemicals to invest Rs 565 crore in facilities in Andhra Pradesh, Gujarat

MUMBAI: Tata Chemicals (TCL) today announced it will invest Rs 565 crore to set up two facilities in Andhra Pradesh and Gujarat, to manufacture soluble dietary fibres and silica, respectively. The company signed a Memorandum of Understanding with Andhra Pradesh … Continue reading

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Sanmar Group plans to invest $200 million to expand factory in Egypt

CAIRO: Sanmar Group plans to spend USD 200 million to expand its polyvinyl chloride (PVC) factory in Port Said’s industrial zone in Egypt, the country’s Investment Ministry has said. “We shall witness remarkable development in the economic relations between Egypt … Continue reading

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Lakshmi Cement plans Rs 1,000-cr unit in Gujarat

NEW DELHI: JK Lakshmi Cement is considering plans to set up a new plant in Gujarat with an investment of Rs 1,000 crore over the next 3-4 years to meet rising cement demand from the infrastructure sector, a senior company … Continue reading

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