Under the pact, TRSL and Amber group, via its wholly owned subsidiary Sidwal Refrigeration Industries Pvt Ltd, will invest up to Rs 120 crore each to acquire equal control in the SPV for setting up the new railway component business as well as fresh equity investment in Firema, Italy.
Under the pact, TRSL and Amber group, will invest up to Rs 120 crore each to acquire equal control in the SPV for setting up the new railway component business as well as fresh equity investment in Italy
IRFC shares surged 68 per cent in January so far. Rail Vikas Nigam Ltd (RVNL) is up 63 per cent while Ircon International Ltd gained 36 per cent during the same period.
Umesh Chowdhary, VC & MD of Titagarh Rail Systems, believes that the story of Indian railways has just begun and there is a long way to go for it to reach its peak. He mentions that strengthening the railway is crucial for achieving the targets set for the Indian economy. Regarding the Ayodhya theme, he sees it as a positive development for the nation and expects it to enhance domestic tourism. While competition exists in the industry, Chowdhary believes in staying ahead of the curve.
Bengaluru s Namma Metro Yellow Line Launch Postponed To July: Delay In Coach Delivery From China Blamed oneindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from oneindia.com Daily Mail and Mail on Sunday newspapers.