Tag: Infrastructure Projects

The TCI Demerger

India’s leading integrated supply chain and logistics solutions provider Transport Corporation of India Ltd announced on Wednesday that its board has approved the demerger of its real estate & warehousing undertaking into a new company named TCI Developers Limited (TDL) which will be effective from April 1. The company emailed a press statement saying the […]

Economy expected to grow in next fiscal

Expecting a lower economic growth of 6.5-7% for the next fiscal, the government today said that its main priority is to minimize job losses resulting from the global downturn. Minister of State for Industry Ashwani Kumar described the 10 million job loss figure given by the Federation of Indian Export Organizations (FIEO) as “unrealistic”. However, […]

Government Will Acquire Land With The Consent Of The Owners

Tata Group chairman Ratan Tata’s threat to pull the Rs 1,500-crore Nano small-car project out of West Bengal in the face of violence and protests over farmland acquisition has deepened the gloom over the Left Front government’s industrialisation drive, with most of its larger and more ambitious infrastructure projects already on hold over land issues. […]

Net Profit Of Leading Property Developers Rose In Ist Quarter Of FY09

Aided by revenues from mid-income houses, net profit of property developers, such as Unitech and Puravankara Projects, rose in the first quarter of FY09, beating analyst expectations. Unitech, the country’s largest listed developer, posted a 15.7 % growth in net profit during the quarter, mainly due to higher realisations the company made in the mid-income […]

UK’s Eredene Cap Picks Up 50% Stake In AILPL

UK-based Eredene Capital has picked up a 50% stake in Apeejay Infra-Logistics (AILPL), the infrastructure arm of Kolkata-based Apeejay Surrendra Group. The group is setting up a state-of-the-art logistics park in Haldia in West Bengal’s West Midnapore district. Eredene Capital has invested Sterling Pound 5.25 million or Rs 42 crore to pick up the 50% […]