Alstom Bharat Forge signs contract with NTPC
The Dollar Business Bureau Alstom Bharat Forge, the joint-venture company between GE and Bharat Forge Ltd has signed a contract worth $219 million with NTPC. The company will supply two units of 800 MW steam turbine generator islands to the Telangana Super Power Thermal Power Project Phase-1 (TSPTPPP-1) near Ramagundam . A company statement from Alstom said that they will supply two units of 800 MW of ultra-super critical steam turbine generator islands on EPC basis. This will be done along with the related civil work for the TSPTPPP-1 in the Karimnagar district of Telangana. The 800 MW steam turbine generator islands for the power project will be the first with ultra-supercritical parameters that will help in meeting the increasing power demand in ...
Indias net FDI flows surge to $38 bn in FY 2016
The Dollar Business Bureau India’s net foreign trade investment (FDI) flows are likely to surge to almost $38 billion this fiscal year. The major progress in FDI profile is a reflection of progressive policy reforms and the recent regulatory liberalisation in select sectors. According to a report of Kotak Institution Equities the net FDI flows stood at nearly $36 billion in FY 2016 when compared to $31 billion in the last fiscal. The report said that the nation’s position in FDI is estimated to further improve in 2016 with some positive signs. Recently, FDI announced by Foxconn in investment projects were valued at $5 billion in the coming 2-3 years, while GE and Alstom signed a joint venture deal worth $5.9 billion with ...
Govt clears 10 FDI proposals worth Rs. 607 crore
The approved proposals included those sought by Alstom Manufacturing India Limited and pharma majors like Cipla, Glenmark, Emcure, and Celestis The Dollar Business Bureau In the pharma sector, Cipla has got the go-ahead to bring in a maximum Rs. 145.22 crore from Mauritius-based FIL Capital Investments Limited The government has cleared 10 foreign direct investment (FDI) proposals, allowing an inflow of up to Rs.607 crores mainly in pharmaceuticals and railway infrastructure sectors in the country. The approved proposals included those sought by Alstom Manufacturing India Limited and pharma majors like Cipla, Glenmark, Emcure, and Celestis. Based on the recommendations of Foreign Investment Promotion Board in its 231st meeting held on 22nd January 2016, the government has approved 10 FDI proposals involving FDI of Rs. ...
