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Stopped in Its Tracks

Stopped in Its Tracks
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Andhra Pradesh , United Kingdom , New Delhi , West Bengal , Jatin Aneja , Margaret Thatcher , Manish Agarwal , Kushal Kumar Singh , Texmaco Gupta , Suneet Sharma , Ashish Gupta , Boris Johnson , Highways Ltd , Shardul Amarchand Mangaldas Co , Economic Service Ltd , British Airways , Indian Railway , Railway Board , Indian Railway Catering , European Union , Megha Engineering Infrastructures Ltd , Infrastructure Developers Ltd , Gateway Rail Freight Ltd , Indian Railways , Infrastructure Pte Ltd , Engineering Ltd ,

Shipping Corp picks Corporate Professionals Capital for spin off of non-core assets

April 15, 2021
Government has decided to sell its 63.75% stake in SCI to a private strategic buyer
The Shipping Corporation of India Limited has hired Corporate Professionals Capital Pvt Ltd as consultant for undertaking demerger/ hive off/ transfer of non-core assets and ‘assets held for sale’ ahead of the ongoing process of privatising the State-run fleet owner.
The consultant is tasked with suggesting a roadmap on the scheme of de-merger/hive off/ disposal/transfer/alienation of its non-core assets (real estate), both freehold and leasehold, from core assets for a smooth transition, ensuring compliance with required procedure and applicable laws and removing all legal and procedural bottlenecks to “maximise value for the company and shareholders”. ....

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Megha Engineering's first Make in India oil rig begins operation

Megha Engineering s first Make in India oil rig begins operation
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Last Updated: Apr 07, 2021, 02:30 PM IST
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MEIL is the first company in private sector to manufacture and use rigs used in oil and fuel extraction with advanced technology, a company statement said. As part of the Centre s Make in India programme, MEIL has manufactured these rigs for the first time in the country, it added.
Megha Engineering & Infrastructures Ltd (MEIL) on Wednesday said its first indigenously-made oil drilling rig has started operation at Kalol oil fields in Ahmedabad, Gujarat.
The rig, which became operational on Wednesday, is part of an order worth Rs 6,000 crore for 47 drilling rigs. ....

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Interups close to buying majority stake in Trujet - The Hindu BusinessLine

Interups close to buying majority stake in Trujet
March 02, 2021
Trujet links main cities with Tier-2 and -3 cities using eight ATR 72 aircraft, under UDAN - The Hindu
Trujet links main cities with Tier-2 and -3 cities using eight ATR 72 aircraft, under UDAN - The Hindu×
US-based fund also backs Megha Engg for Shipping Corp bid
US-based Interups Inc is close to signing an agreement to buy a majority stake in Trujet a scheduled regional carrier holding a scheduled commuter operator permit from Hyderabad-based Megha Engineering & Infrastructures Ltd, multiple sources said.
The New York-based fund, led by Indian-born Laxmi Prasad, has also backed Megha Engineering & Infrastructures, which had submitted an expression of interest (EoI) for the privatisation of state-run carrier Shipping Corporation of India Ltd on Monday. ....

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Shipping Corporation records 52-week high on stake sale - The Hindu BusinessLine

Shipping Corporation records 52-week high on stake sale - The Hindu BusinessLine
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.

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