Chennai firm plans new project’s financial closure by May

September 17th, 2009 KOLKATA - City-based engineering and construction company Simplex Projects Ltd (SPL) will build multi-level car parking facilities in Guwahati and Noida, a top official said here Thursday. "We have bid for multi-level car parking projects in Mumbai, Chennai and Pune as well," B.K.

August 22nd, 2009 CHENNAI - A Singapore-Chennai flight had to make an emergency landing ay Chennai airport on Saturday after one of its rear tyres burst. According to preliminary reports, all 132 passengers and crew on board Flight IC 556 were safe.

August 13th, 2009 NEW DELHI - The government Thursday said it will set up two major water projects in Mumbai and Chennai at a cost of Rs.2,200 crore aimed at finding a permanent solution to the acute water scarcity in these two metros. "Two mega projects have been sanctioned for two major cities.

July 27th, 2009 CHENNAI - The city-based engineering, procurement and construction company BGR Energy Systems has been awarded a $80.5-million contract by Iraq's State Company for Oil Projects (SCOP). According to BGR Energy, the contract is for the development of two gasfields in Iraq and includes supply of equipment.

July 13th, 2009 CHENNAI - After attracting global automobile manufacturers to the state, Tamil Nadu is now planning a financial city, an aviation park and country-specific complexes to attract investment. Responding to the discussions in the assembly for the demands of grants for the industries department, Deputy Chief Minister M.K.

May 11th, 2009 CHENNAI - The US-based welding consumables product company Lincoln Electric inaugurated its $20-million plant near Chennai Monday. The 100,000 square feet plant in Mahindra World City, a special economic zone (SEZ), has an initial production capacity of 15,000 tonnes per annum.

April 29th, 2009 HYDERABAD - The board of cash-strapped Maytas Infra, promoted by disgraced founder of Satyam Computer Services B. Ramalinga Raju and his family, Wednesday approved a draft corporate debt restructuring (CDR) package and recast the management by appointing two presidents.

April 5th, 2009 NEW DELHI - Metros in South India are more attractive for infrastructure projects than their counterparts in the other parts of the country, an industry lobby report said Sunday. According to the report, 'Indian Metros: Pulling Infrastructure Investment', released by the Associated Chambers of Commerce and Industry (Assocham), Hyderabad, Bangalore and Chennai received 70 percent of the total private infrastructure investment came to the six major metros in the country.

March 18th, 2009 HYDERABAD - Maytas Infra Ltd, a company owned by the family of former Satyam Computers chairman B. Ramalinga Raju, Tuesday sought more time for achieving financial closure for Rs.122-billion (Rs.12,200 crore) Hyderabad Metro Rail project.

March 13th, 2009 CHENNAI - City-based Sterling Projects and Engineering Ltd and one of its promoters, S. Jayalakshmi, have increased their combined stake in the Rs.2.13-billion real estate company Arihant Foundations and Housing to 7.37 percent.

March 12th, 2009 MUMBAI - Reliance Power Transmission Limited (RPTL), a wholly-owned subsidiary of Reliance Infrastructure, has signed power transmission agreements with eight entities from the western region for two state power transmission projects - B and C. RPTL has signed the agreements through its two SPVs for the projects under the Western Region System Strengthening Scheme-II (WRSSS-II).

February 8th, 2009 BISHKEK - The Kyrgyz parliamentary defence and security committee approved closure of the US military airbase in the country Monday. The hearings on the closure of the base will now be assessed by three parliamentary factions before going to a final debate in parliament.

February 1st, 2009 BANGALORE - The Karnataka government has served notice to the beleaguered infrastructure firm Maytas Infra Ltd on delay in implementing the two greenfield airport projects at Gulbarga and Shimoga that it had bagged as part of a consortium. According to a belated official note here Monday, the decision to serve the show-cause notice was taken Jan 29 by chief secretary Sudhakar Rao at a review meeting of infrastructure projects in which Maytas and fraud-hit Satyam Computers Ltd are involved.

January 24th, 2009 NEW DELHI - High interest rates and credit crunch have delayed several infrastructure projects by up to six months, said a survey by the Confederation of Indian Industry (CII), released here Sunday. According to the Infrastructure Outlook Survey, around 85 percent of the respondents have expressed concern over the delay in financial closure of infrastructure projects being implemented by them.

January 16th, 2009 NEW DELHI - With several Bollywood projects in hand, southern beauty Asin Thottumkal moved to Mumbai from Chennai but says she has no plans to stay in the city permanently. 'This is not a permanent shift from south Indian film industry to Bollywood, it's just that I had two exciting projects, so I came here,' Asin, who was adjudged the best newcomer at Nokia Star Screen Awards for her performance in Aamir Khan starrer 'Ghajini', told IANS.