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Srei receives EoI for $250 mn capital infusion from international PE funds

Srei Equipment Finance (SEFL) said that it has received expression of interest for up to $250 million capital infusion in the company. The international private equity (PE) funds are US-based Arena Investors LP and Singapore's Makara Capital Partners.

Srei receives EoI for capital infusion from Cerberus

The board of directors of Srei Infrastructure Finance and its wholly-owned subsidiary Srei Equipment Finance held meetings announced that it has further received an expression of interest for capital infusion from Cerberus Global Investments.

Leading mining companies are now taking steps towards digitalisation

Alok Kumar Verma, Director – Mining Business (India Region), Hexagon Mining, elaborates on the mining scenario in India and how digital solutions can transform the industry.

Srei Equipment receives EoI for $250 mn capital infusion from international PE funds

The international private equity ("PE") funds are US-based Arena Investors LP and Singapore's Makara Capital Partners.

Srei forms Strategic Coordination Committee for raising fresh capital

The SCC will coordinate, negotiate and conclude discussions with potential strategic and/or private equity investors, to raise fresh capital for the business in consultation with the management.

Next stage of airport privatisation to begin in April

Next stage of airport privatisation to begin in April

We see huge potential for digital technologies in mining

Alok Kumar Verma, Director - Mining Business (India Region), Hexagon Mining, elaborates on the mining scenario in India and how digital solutions can transform the industry.

Coal India eyes foreign coal assets

India's coal giant Coal India Ltd (CIL) is eyeing global coal assets to tide over the growing domestic demand. The company plans to form a consultants panel which would help in acquiring, developing and operating coal blocks abroad.

OGPC invites EPC bids for coal handling plant at Manoharpur

Odisha Power Generation Corporation Ltd (OPGC) is setting up 2x660 MW (Units 3&4) supercritical coal fired thermal power station at lb Thermal Power Station, Banharpali, Jharsuguda, Odisha. To fulfil the fuel requirement for this capacity addition project, two adjacent coal blocks - Manoharpur (181.68 MT) and its Dip side (350 MT) has been allotted

MMTC is the sole bidder for CIL coal import contract

Coal India Ltd intends to import coal for meeting its supply obligation to the power sector. The coal giant has invited expression of interest in this regard. So far, only MMTC has shown interest in the coal import contract.

Govt to modernise coal mining operations

The Union government has said that Coal India (CIL) has adopted modern technologies for coal mining. It has proposed to further modernise mining operations in its mines. For this purpose, a Committee has been constituted to look after the issues for technology up-gradation and modernisation of CIL through hiring of international consultants.

Indian firm Titagarh to build portable bridges in B'desh

Titagarh Wagons is keen to build portable steel bridges in Bangladesh. The company is India?s leading private railway wagon manufacturing company. It has recently submitted an expression of interest to the Board of Investment (BOI) of Bangladesh in this regard. Sources in BOI said that they received the proposal of Titagarh early last week.

CIL invites EoI from merchant bankers

In order to pick up stake in foreign mining assets, Coal India (CIL) decided to rope in additional merchant bankers. Currently, RBS, Bank of Canada and BofA-Merrill Lynch along with its Indian arm DSP Merrill Lynch are the merchant bankers for CIL. The state-run miner invited expressions of interest from merchant bankers on possible targets, besides extending the

TN gets World Bank's aid for road project

For the second phase of Tamil Nadu Road Sector Project, the State government has obtained approval of the World Bank and the Central government, said Finance Minister O Panneerselvam, while presenting the State budget for 2013-14 in Chennai on March 21. Under this project, a total of 1,678 km of roads will be strengthened and widened.

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