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Reliance Infra sells its Mumbai headquarters to Yes Bank for Rs1,200 cr in debt redumption

Firms/companies > R > Reliance Industries Reliance Infra sells its Mumbai headquarters to Yes Bank for Rs1,200 cr in debt redumption 05 April 2021 The Anil Ambani-led  Reliance Infrastructure has sold Reliance Centre, the premises housing the group’s headquarters, to Yes Bank for Rs1,200 crore as part of a debt repayment process. Reliance Infrastructure Limited (RInfra) and Yes Bank Limited (Yes Bank) on Thursday announced the sale transaction of Reliance Centre, Santacruz, Mumbai to Yes Bank. The transaction value is Rs 1,200 crore, Reliance said in a stock exchange filing. “Entire proceeds from the sale of Reliance Centre, Santacruz, is utilized only to repay the debt of Yes Bank”, as per the stock exchange filing.

India s first indigenous hydraulic rigs by MEIL

India s first indigenous hydraulic rigs by MEIL ANI | Updated: Apr 07, 2021 14:41 IST Hyderabad (Telangana) [India], April 7 (ANI/PRNewswire): Megha Engineering and Infrastructures Limited (MEIL) achieved another milestone by manufacturing rigs for the oil and gas sector with indigenous know-how. The rigs designed with advanced hydraulic technology began operations in the Kalol oil field near Ahmedabad, Gujarat, on Wednesday (07.04.2021), P. Rajesh Reddy, Vice-President, MEIL, said. These rigs made with 1500 HP capacity can easily drill oil wells to a depth of 4000 meters (4 kilometres) from the surface. These rigs can work for the next 40 years. MEIL has taken up this rig manufacturing as part of the Government of India s Make in India initiative.

Indias first Indigenous Hydraulic Rigs By MEIL

Indias first Indigenous Hydraulic Rigs By MEIL HYDERABAD, India, April 7, 2021 /PRNewswire/ Megha Engineering and Infrastructures Limited (MEIL) achieved another milestone by manufacturing rigs for the oil and gas sector with indigenous know-how. The rigs designed with advanced hydraulic technology begun operations in the Kalol oil field near Ahmedabad, Gujarat, on Wednesday (07.04.2021), P. Rajesh Reddy, Vice-President, MEIL, said. These rigs made with 1500 HP capacity can easily drill oil wells to a depth of 4000 meters (4 kilometers) from the surface. These rigs can work for the next 40 years. MEIL has taken up this rig manufacturing as part of the Government of India s Make in India initiative.

Was Nitin Gadkari gifted Scania luxury bus for daughter s wedding?

Was Nitin Gadkari ‘gifted’ Scania luxury bus for daughter’s wedding? An investigation by India’s Confluence Media, along with Swedish SVT and Germany’s ZDF, had revealed that the Swedish truck and bus maker Scania paid bribes to win bus contracts in seven Indian states between 2013 and 2016. By Sruthi Vibhavari|   Updated: 7th April 2021 2:58 pm IST Union Minister Nitin Gadkari [File photo] Hyderabad: Weeks after union road transport and highways minister Nitin Gadkari refuted reports of a Swedish commercial manufacturer gifting him a luxury bus for his daughter’s wedding in 2016, fresh reports now reveal that his denial was an outright lie.

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