Navi Mumbai based Reliance Infrastructure-controlled Reliance Naval and Engineering signed a master ship repair agreement with the U.S. Navy. In January this year, the Reliance Shipyard at Pipavav in the western state of Gujarat was qualified by the U.S. Navy to perform complex repair and alternation services for its Seventh...
Reliance Defense, India, to Set Up Shipyard for Building Subs
Reliance Defense, a subsidiary of one of India’s largest private sector firms Reliance Infrastructure, disclosed plans to build a shipyard on India's east coast to build nuclear submarines and aircraft carriers. The company has entered into a memorandum of understanding with the government of the eastern state of Andhra Pradesh...
Fossil Energy attracts Blackstone to India
In recent weeks, the private equity giant, Blackstone Group decided to invest $300 million to buy a minority stake in Indian power developer Moser Baer Projects Private Ltd, which seeks to build out thermal, solar and hydro power generation as well as coal mining operations.The parent of this entity happens...