India has drawn up an $8.7 billion plan to revive inoperative fertilizer plants and set up gas import and pipeline facilities in eastern India in a bid to become an exporter of urea(a chemical nitrogenous fertilizer) by 2021. The project includes building a 1,590-mile pipeline, the revival of four urea...
India's Ardom Telecom Acquires Texas-based Quanta Towergen
Gurgaon, India-based Ardom Telecom, a telecom infrastructure operation and maintenance company, has acquired U.S.'s Quanta Towergen Private Limited in an all cash deal. Quanta Towergen is owned by Houston Texas-based Quanta Services which struck this deal via their Netherlands-based special purpose vehicle. In the last few years, Quanta has invested ...
GE Wins $2.6 Billion Contract to Modernize India’s Railway System
General Electric has won a contract worth $2.6 billion to supply 1,000 diesel locomotives to Indian Railways over the next 11 years. This is GE’s largest contract in its 100 year association with India. GE plans to build a $200 million manufacturing facility in the state of Bihar. France’s Alstom...
Molson Coors Acquires Mount Shivalik Breweries in India
Molson Coors Brewing Company has announced that its subsidiary, Molson Coors International (MCI), has acquired Mount Shivalik Breweries Ltd. (MSBL) located in India. As part of the deal, MCI acquired MSBL's entire brand portfolio, including its leading "strong beer" brand, Thunderbolt, and assumes direct control over brewing operations in the...
India Bihar State vies for Nuclear Reactor Site
According to The Times of India, the Bihar state government has identified a site at Kursela in Katihar district for setting up a nuclear power plant in the state. A fresh proposal has been sent to the Nuclear Power Corporation of India Limited (NPCIL). It is part of the state...