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While decisions will continue to be made on a "case-by-case" basis with a focus on security concerns, sources suggest that this move could enable companies like Xiaomi and other prominent Chinese firms to expand their presence in India.
Megha City Gas Distribution (MCGDPL), a wholly-owned subsidiary, has decided to consolidate operations and reached out to state-run Indian Oil Corp, Hindustan Petroleum Corp, Bharat Petroleum Corp and Indraprastha Gas, among other players. It ventured into city gas distribution under the brand name Megha Gas in 2015 and continued to operate as MEIL till FY22.
According to reports, Megha Engineering and Infrastructures Limited (MEIL), a significant participant in the Indian infrastructure market with headquarters in Hyderabad, intends to sell Megha City Gas Distribution Private Limited (MCGDPL), which handles city gas distribution.
Seven engineering majors, including L&T, IRCON International and J Kumar Infraprojects, have been declared as the lowest bidders for 11 construction contracts of the 96.47-km-long Phase 1 of the 126-km Virar-Alibag Multimodal Corridor (VAMC). The bids were opened on Tuesday by the Maharashtra State Road Development Corporation (MSRDC) which is executing the project.
NewsVoir Mumbai Maharashtra [India] May 18 Crompton Greaves Consumer Electricals Ltd Company India leading Consumer Durables player reported its standalone consolidated financials for the fourth quarter and financial year ended 31st March 2024 Crompton 20 at work Continued execution of Crompton 20 tenets resulted in strong revenue growth and robust profitability with stepped up investments behind brand innovation and people The focus on premiumisation through new product launches led to improved saliency across categories High impact campaigns were executed across categories to drive brand awa...