The company said these would be developed under revamped reforms-based and result-linked distribution sector scheme (RDSS) for electricity distribution, GPS survey, design, supply, installation, GIS asset mapping, testing and commissioning of works related to loss reduction on turnkey bases.
With this, L&T will divest its entire stake in the concession subsidiary, L&T IDPL. This is in line with L&T's strategy of reducing its exposure to the non-core asset-heavy developmental projects portfolio, according to a statement from Larsen and Toubro.
New York [US], December 19 (ANI/PRNewswire): J.C. Flowers & Co. LLC ("J.C. Flowers" or "the Firm"), a leading private investment firm dedicated to investing globally in the financial services industry, announced today that the J.C. Flowers Asset Reconstruction Company (the "ARC") has com
In a statement from the highway developer, Ashoka Buildcon has said its subsidiaries -- Ashoka Concessions (ACL) and Viva Highways (VHL) -- entered into a share purchase agreement with National Investment and Infrastructure Fund (NIIF) and JTCL for the sale of 28,70,00,000 equity shares in J
In a major crackdown against terror funding in Jammu and Kashmir, the State Investigation Agency (SIA) on Saturday seized properties worth hundred crores of banned Jamaat-e-Islami in several districts including Baramulla, Bandipora, Ganderbal and Kupwara.
The Supreme Court on Friday posted for hearing in January a petition filed by the Andhra Pradesh government, seeking an equitable and expeditious division of assets and liabilities between Andhra and Telangana.
New Delhi [India], December 16 (ANI/ATK): Blockchain, referred to as distributed ledger technology (DLT), uses a decentralized platform and cryptographic hashing to make records of any digital asset transparent and unchangeable.
Mumbai (Maharashtra) [India], December 16 (ANI/BusinessWire India): India, the fifth largest economic superpower, is all set to achieve the watershed moment of hitting the 'Rs 40 trillion mark' in mutual fund assets, following three decades of hard work by way of investor education and solid
Bengaluru (Karnataka) [India], December 16 (ANI/PRNewswire): UptimeAI, a leading AI-based digital transformation solution provider for the energy, chemicals, and heavy industries, has raised a total of USD 3.5 Million in funding led by Emergent Ventures.
These assets included bank balances worth Rs 12.15 lakh and immovable assets worth Rs 46 lakh and were attached under the Prevention of Money Laundering Act, 2002 (PMLA), according to a statement from the agency.
As per ESPN, the 55-year-old German, who has been living in Britain since 2012, was released on Thursday, following which, he travelled back to Germany. The six-time Grand Slam champion was sentenced to 30 months of prison back in April for illicitly transferring a large amount of money and
New business vertical for operations and maintenance Larsen and Toubro Energy Hydrocarbon for Asset Management has secured its first integrated O and M contract from Vedanta, Cairn Oil and Gas division. This five-year contract is for integrated O and M of upstream oil and gas processing faci