Areva T&D bags Rs 1.5 billion order from Indiabulls for supplying generator transformers package for the latter's power projects in Maharashtra

  Areva T&D India Ltd said on Wednesday it had bagged a contract worth Rs 150 crore from Indiabulls for supplying the generator transformers package for the latter's power projects in Maharashtra. The order for the two upcoming projects - at Nandgaonpeth, Amravati district, (5x270MW) and Sinnar, Nasik district (5x270MW) - would...

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Punj Lloyd arm partners French nuclear engineering firm, Nuvia - Sign agreement to form venture for nuclear engineering and support services

  Punj Lloyd-group firm PL Engineering Ltd and the Indian unit of French nuclear engineering firm, Nuvia, signed an agreement on Wednesday to form a venture for nuclear engineering and support services. The proposed venture, which is slated to have a 50:50 equity structure, is being formed to capitalise on an expected surge in demand for nuclear energy-related services in India. The agreement will lead to the creation of...

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Power Grid Corporation of India's follow-on public offer likely in mid-November - Aims to raise about Rs 86 billion

  State-run transmission company Power Grid Corporation of India Ltd has said that its follow-on public offer (FPO), which aims to raise about Rs 8,600 crore, would hit the market in the second week of November. "In all likelihood, in the second week of November, we will be able to bring our FPO. We are hopeful of raising...

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