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Gandhinagar / Ahmedabad, 6 July (Hindustan). Under the visionary leadership of Prime Minister Narendra Modi, India has been given one year Presidency of | BLiTZ
Titagarh Wagons will supply the coaches at a rate of Rs 12.02 crore (per coach), including spares. The cost, however, does not include taxes, said sources in GMRC. The project is a 50:50 joint venture between Gujarat and the Union governments.
A strategic sale of Afcons, an engineering, procurement and construction (EPC) company, is also one of the options on the table for which Middle East-based companies have been tapped, said the sources cited above.
Shapoorji Pallonji group unit Afcons has started talks with banks for an initial public offering (IPO) of shares as it seeks to monetise assets to help meet payment commitments made in loan covenants involving the companys financiers, people aware of the stock sale initiatives told ET.