Honeywell has been selected by Kuwait’s Ministry of Electricity and Water to modernise the water distribution network that supplies more than 280 million imperial gallons of fresh water daily to Kuwait’s growing population.
Ardex Endura India, a joint venture between Ardex Group, Germany and Prism Cement, announced the setting up of two state-of-the-art manufacturing plants in India at a combined investment of Rs 40 crore.
Adani Enterprises, the flagship company of the Adani Group, commenced its integrated coal mine developer cum operator (MDO) operations with the start of coal production
Infrastructure construction company IVRCL has monetised three highway projects in Tamil Nadu by selling stake to TRIL Roads Private Ltd (TRPL), a Tata group company.
Zephyr Peacock, the India's focused private equity firm, has acquired a significant minority stake in Pennar Engineered Building Systems (PEBS) with an investment of Rs. 50 crore. PEBS is a subsidiary of Hyderabad based Pennar Industries Ltd.
With the announcement of 12th Plan, the government has induced to bring breath of fresh air, but the highly leveraged infrastructure companies are finding it difficult to manage their interest burden. ACE Update documents how.
