News of South Gujarat in Gujarat

C S Mani, Independent Director of GNFC resigns

BHARUCH | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory filing submitted to the Indian Bourses, Gujarat government’s fertilizers & chemical sector public sector undertaking arm Gujarat Narmada Valley Fertilizers & Chemicals Ltd said of the Independent Director of the company C S Mani resigned from the Board of the Company. The filing submitted

L&T’s Power arm bags FGD system installation order from Damodar Valley Corp

MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a press release submitted to the Indian Bourses, Larsen & Toubro said of its power business arm having won significant size order (in range of 10 billion rupees to 25 billion rupees) from Damodar Valley Corporation for installation of Flue Gas Desulphurization (FGD) system. In a press release

MDA led Reliance Group completes acquisition of Hamleys (Toys brand) for £67.96 million

MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory update submitted to the Indian Bourses, Indian conglomerate Mukesh Dhirubhai Ambani owned Reliance group said of having completed acquisition of Hamleys Global Holdings Ltd for cash-consideration of Great Britain (Sterling) Pound £67.96 million. The filing submitted to the exchange read that, Further to our previous communication

L&T Hydrocarbon Engg bags Mega project from Saudi Aramco

MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a press release submitted to the Indian Stock Exchanges, Mumbai headquartered infrastructure major Larsen & Toubro Ltd said of its hydrocarbon arm having bagged mega project (above 70 billion rupees) from Saudi Aramco, Saudi Arabia based oil major. In the press release submitted to the Indian Bourses, the

USFDA slams Form 483 to Torrent Pharma’s Dahej facility, official action initiated

DAHEJ | AHMEDABAD | MUMBAI | RAJKOT – In a regulatory filing submitted to the Indian Bourses late on Wednesday night, Ahmedabad headquartered pharma major Torrent Pharmaceuticals Ltd said of the company having classified as Official Action Initiated by US food & drugs regulator. The Dahej facility of the company was inspected in March 2019

L&T forays in water-desalination market, bags project for Dahej PCPIR in Gujarat

MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a press release submitted to the Indian Bourses, Mumbai headquartered infra major Larsen & Toubro Ltd said of having bagged significant order (in range of 10 billion rupees to 25 billion rupees) from Gujarat Industrial Development Corporation for 100 million liters per day water desalination plant to be

R-Infra Creditors ink agreement to implement resolution plan in 6 months

MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a press release submitted to the Indian Bourses, Anil Dhirubhai Ambani Group’s (ADAG) Infra arm Reliance Infrastructure Ltd said of 16 lenders to the company having inked inter-creditor agreement, for the resolution of the company’s debt, vide which the resolution plan of the company shall be implemented in

Adani Ports to raise $700 million via bonds on private placement basis

AHMEDABAD | MUMBAI | RAJKOT – In a regulatory filing submitted to the Exchanges in India on Tuesday, Ahmedabad headquartered port sector major – Adani Ports and Special Economic Zone Ltd said of conducting the company board meeting on Friday – July, 12 – 2019 to consider fund raising via US$  700 million bonds. The

ADAG led R-Infra to close 100% stake sale deal of Delhi-Agra Toll by Aug 2019

MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a press release submitted to the Indian Bourses on Thursday, Anil Dhirubhai Ambani led Indian Infra major Reliance Infra said of closing the 100% stake sale deal of Delhi-Agra toll by August 2019, of which the enterprise value is pegged at 36 billion (~3,600 crore) rupees. The press

Adani Ports to raise US$750 mn via unsecured notes @ annual coupon rate of 4.375%

AHMEDABAD-GANDHINAGAR | MUMBAI | RAJKOT – In a regulatory update submitted to the companies on Thursday, Ahmedabad headquartered Adani Ports and Special Economic Zone Ltd said of the company board having approved fund raising via unsecured notes aggregating to US$ 750 million. The tenure of notes will be for 10 years starting from July 3,

Gujarat State Electricity Regulator nods Torrent’s power procurement plea

AHMEDABAD-GANDHINAGAR | MUMBAI | RAJKOT – In a regulatory filing submitted to the Indian Stock Exchanges, Ahmedabad headquartered Torrent Power Ltd said of having got approval from state electricity regulator for procurement arrangement of 278 MW power from the company’s UNOSUGEN power plant and its licensed power distribution business for the cities of Ahmedabad, Gandhinagar

TRAI data says, Reliance JIO crosses 20 million (2 Cr) subscriber mark in Gujarat

NEW DELHI | MUMBAI | AHMEDABAD-GANDHINAGAR-RAJKOT – In a press release issued by Reliance Jio Infocomm Ltd, the company claimed of having crossed 20 million (2 crore) subscribers mark in the state of Gujarat, as per the data made available by Telecom Regulatory Authority of India (TRAI). For first time since inception of telecom services

After winning polls for 17th Lok Sabha Term, Union Council of Ministers take charge

NEW DELHI | AHMEDABAD-GANDHINAGAR | RAJKOT – After having completed the oath taking ceremony organized on Thursday by India Prime Minister Narendra Damodardas Modi and anointed ministers, as per the directive issued by the Prime Minister’s office The President of India has directed the allocation of portfolios among 58 members of the Union Council of

L&T bags large order from Saudi Arabia, for construction of Gold Processing facility

MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a major international competitive bidding process, the Metallurgical & Material handling Business of L&T Construction has been awarded a Large order from MA’ADEN Gold and Base Metal Company (MGBM), wholly owned subsidiary of Saudi Arabia Mining Company (MA’ADEN) for setting up Mansourah Massarrah Gold project. Ma’aden is the

#DLGPOLLTRIX2019 | Poll Data, Numbers & United Colours of Gujarat (IN IMAGES)

AHMEDABAD | GANDHINAGAR | RAJKOT – Registered averaged voters turnout across 26 Lok Sabha constituencies in the state of Gujarat for Lok Sabha 2019 Phase-3 polls increased by just 1.54% at 63.90%, over the Lok Sabha 2014 registered voters turnout which was 62.36%. However the registered electoral numbers added to the election commission’s database in