Widely read:
BHEL won a Rs 765 crore order from SAIL to set up a captive power plant in West Bengal. In a bid to consolidate its position in the education sector, IT company Core Projects and Technologies finalised 3 acquisition deals in the US and UK for $45 million. Construction firm Gammon India will invest between Rs 400-500 crore to build 40 budget hotels in the country though a tie-up with US-based hospitality firm Wyndham Hotel Group International. Logistics firm Gateway Distriparks Ltd plans to invest Rs 600 crore over 30 months in its rail unit Gateway Rail Freight Ltd. NIIT Technologies is in preliminary discussions with private equity players Carlyle and Texas Pacific Group for a 25-40% stake sale. Nitco Tiles plans to invest Rs 1.5 billion in expanding its capacities over the next
This article was originally published on September 29, 2007.
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