OCM India is the second major Indian investment for WL Ross after SpiceJet, where it made 58% profit in June last year by selling its 30% stake within two years from its investment.
Gangavaram Port has roped in global consultants for their help, said chairman and managing director DVS Raju.
Chairman and MD Rakesh K Upadhyay says the company does not need bailout package from the government
State-owned telecom provider Bharat Sanchar Nigam (BSNL) hopes to wipe out its losses of around Rs 12,000 crore over the next three years on the back of a series of revival measures being initiated now, its chairman and managing director Rakesh K Upadhyay told ET.
Akula, who quit as executive chairman of SKS on November 23, selected these employees after an agreement with SKS.
HNPC has suffered a setback with MoEF deciding to defer the coastal regulation zone approvals to the project following alleged violations by the company.
Bhramani had proposed to develop a 2.5-million tonne, Rs 4,430-crore steel plant at Kadapa during the regime of the late YS Rajasekhara Reddy.
IVRCL has firmed up a business restructuring programme that includes selling all its infrastructure assets.
HDO had acquired Davy Markham, a Sheffield, UK-based engineering firm for £9.5 million (Rs 64.5 crore) in March 2010.
Andhra Pradesh High Court had in August ordered a detailed probe into the assets Kadapa MP and president of YSR Congress, YS Jagan Mohan Reddy.
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