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Construction & Infrastructure News

Naveen Jindal plans to exit from the oil and gas business

August 2014

Naveen Jindal plans to exit from oil and gas business and also sell stakes in some project held by JSPL to reduce debt which stands at Rs 375 billion...

Deals, Oil and Gas, Mines, Power, Jindal Power, Steel, JSPL, Stakes, Cement

Franklin Electric Co acquires stake in two companies in India

August 2014

Franklin Electric Co acquired majority stakes in two Indian companies. The acquired companies are Pluga Pumps and Motors Pvt Ltd and Wadcorpp India P...

Deals, Franklin Electric Co, Pluga Pumps and Motors Pvt Ltd, Wadcorpp India Pvt Ltd, Acquire, Stakes, Stock

Infra players looking to sell stakes for reducing debt burden

January 2014

Top infrastructure players like L&T, GVK and Jaypee are selling or looking to sell their project stakes and subsidiaries in the near term.This is to ...

Infrastructure Companies, Debt Burden, Selling Stakes, Subsidiaries

Govt plans to sell stake in IOC, CIL by year-end

November 2013

To raise about $2.3 billion to boost public finances, the Union government has revived plans to sell stakes in two State-owned companies-Indian Oil C...

Union government, stakes, Indian Oil Corp, Coal India

OVL buys stakes in US firm Hess Corp for $1-billion

April 2013

Indian-government owned ONGC Videsh (OVL) has completed acquisition of stakes in US energy firm Hess Corporation for $1-billion. The stakes are in oi...

ONGC Videsh, acquisition, stakes, Hess Corporation, Chirag, Guneshli fields

Ashok Leyland to sell stake in subsidiaries to pay debt

January 2013

Ashok Leyland is planning to offload its stakes in few of its subsidiaries and also in IndusInd Bank (IBL). The proposed dis-investments of non-crore...

Ashok Leyland, stakes, subsidiaries, IndusInd Bank, K Sridharan
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