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Yash Birla Group to invest Rs 5,400 crore in Solar PV business

Birla Surya Limited, a part of Yash Birla Group (YBG) to invest approximately Rs 5,400 crore over the next five years to build India’s first largest integrated facility for fabrication of multi crystalline silicon wafers and processing of solar photovoltaic cells. Commenting on group’s entry into solar industry, Yash Birla, Chairman, Yash Birla Group, said, “We have been associated with eco-friendly portable power generation for over thirty years. With group’s emphasis towards a clean and green future, we have forayed into the fast developing solar photovoltaic industry.”

Ambuja Cements acquires Penna Cement

Sezal Glass sells float glass business unit to Saint Gobain

Sezal Glass, one of the leading players in the architectural glass processing business in India, has decided to sell off its float glass business to Saint‑Gobain Glass India for Rs. 686 crore. The company sold off its business after its shareholders, who they sought permission; approved to sell, lease dispose and transfer of the architectural glass processing business with requisite majority. The reason for this sell off was to bring down its debt burden. The units sold were architectural glass processing business undertaking at Silvassa and the float glass manufacturing business at Jhagadia in Gujarat.

Ambuja Cements acquires Penna Cement

Synefra to build multi specialty hospital in South India

Pune-based Integrated Infrastructure Solutions’ provider Synefra Engineering & Construction Ltd. bagged a major EPC order in South India. The contract costing Rs. 21.05 crore was awarded by Sri Dharmasthala Manjunatheshwara College of Medical Sciences & Hospital. The nature of work consists of building super speciality hospital on a total built-up area of 3,25,000 sq. ft. in Dharwad. The hospital would have around 350 beds, 100 intensive care units (ICU), 8 operation theatres. The hospital will offer services like Neuro Surgery and Plastic Surgery Cardiology, Neurology Cardio Thoracic Surgery to the population of Hubli-Dharwad and surrounding areas. Synefra would have to complete this project in 17 calendar months, i.e. by August 2012.

Ambuja Cements acquires Penna Cement

Morgan Stanley Infrastructure & Grupo Isolux Corsán to invest US$ 1.6 bn in JV

Morgan Stanley Infrastructure Partners (MSIP) along with Isolux Corsán Concesiones will be constructing three highway projects in India under long term a concession agreement that was awarded through the Build-Operate-Transfer (BOT) program of the National Highways Authority of India (NHAI). The total cost of the project would be US$ 1.6 billion, out of which MSIP will invest US$ 200 million and Grupo Isolux Corsán, a global company that specialises in large projects across construction will invest US$ 400 million. The entire project is one of the largest foreign investments in Indian transport infrastructure till date.

Ambuja Cements acquires Penna Cement

Acron Infra to construct four residential complex

Mumbai based Acron Infra Projects well known for its wealth of experience, modern techniques, finishes, institutional knowledge, state-of-the-art building materials, bagged a project to construct four large residential complexes in Pune. The project will consist of four, twenty five storied residential buildings of 6,00,000 sq. ft. each. According to the company’s Director, Mr. Amar J Britto, the company is fully geared to take on interesting and challenging projects like residential and commercial structures hotels, stadiums and public buildings and hospitals.

Ambuja Cements acquires Penna Cement

Go Green launches India’s first ever ‘Garden Mall’

With the changing time, the modern world has also changed its perspective towards nature. Today, the existence of nursery is not a restricted concept, but it has widened its roots to retail hub. No one had ever imagined having a nursery at shopping malls or at a famous food joints. But now this is a part of the contemporary western outlook. To setup a nursery in a retail hub is definitely an innovative concept for Indian malls. It gives a new dimension to mall culture, wherein people can spot a small garden mall in huge retail malls.

Ambuja Cements acquires Penna Cement