Crompton Greaves | Steel Authority of India | JMC Projects

Crompton Greaves
Crompton Greaves has completed the acquisition of UK-based Power Technology Solutions (PTS) for 30 million pound (nearly Rs 202 crore). The company has just concluded an arrangement for the acquisition of PTS having an enterprise value of 30 million pound. PTS is a high voltage electrical engineering company which provides consultancy, technical and engineering support to regional electricity companies.

Steel Authority of India

Steel Authority of India Ltd (SAIL) has signed a Joint Venture Agreement (JVA) with M/s. Shipping Corporation of India Limited (SCI) to promote a Joint Venture Company (JVC) primarily to provide various shipping related services to SAIL. The initial authorized and paid up share capital of the proposed JVC would be Rs 1 Crore, which will be increased from time to time. The paid up share capital will be held equally by both the promoters.

JMC Projects

JMC Projects has won a National Highway Authority of India (NHAI) project worth Rs 10 billion to construct a four-lane highway between Rohtak to Bawal section in Haryana. This is the first BOOT project bagged by JMC. The project under the National Highway Development Program – III is expected to be operational in the next 36 months. The project has been won along with SREI Infrastructure as a consortium partner.

No related posts.