Companies including Airbus, Essel Infra and Srei Infra have evinced interest in setting up large defence and aerospace parks in Andhra Pradesh.
SAIL has informed the union government that it found it financially unviable to set up a steel project in Telangana as proposed in the state bifurcation Act.
Two previous tenders had been cancelled before Paradip Port Trust decided to ask all four for cranes matching the highest offer of 9% revenue shares.
The government is looking at enacting its own Land Acquisition Act to mobilise land for future industrial use, state CM Rao told industrialists.
“Unik, with around Rs 85 crore of revenues and over 80% profit margins, is expecting a valuation of around $100 million,” a person aware of the development told ET.
Telangana, which managed to avert power cuts after 15 summers, is staring at such a crisis over the next few weeks as AP prepares to stall power supplies.
Ascendas India Trust has announced acquiring an IT building housing large multinationals in Hyderabad for Rs 294 crore.
The regional party has decided to stall the proceedings of the house on Tuesday demanding the bifurcation of the High Court.
The high court at Hyderabad ordered Hero MotoCorp not to proceed with construction activities over the land allotted to it in southern Andhra Pradesh.
UniverCell Telecommunications, the country’s second-largest cellphone retailer, may be about to change hands as ecommerce takes a toll.
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