Steel tycoon Jindal keen to acquire bankrupt Indian shipyard
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Dubai-based shipping firm GMS and Kotak Special Situations Fund were among the others that registered to bid as of the Feb. 28 deadline,
(Photo: Bloomberg)
. Updated: 02 Mar 2021, 04:21 PM IST Bloomberg
For Jindal Steel, controlled by Naveen Jindal, Reliance Naval can be a captive client for the company’s shipbuilding plates, said Vidya Rattan Sharma, managing director at the steelmaker, who confirmed Jindal’s interest
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Jindal Steel & Power Ltd., India’s third-largest producer of the alloy by market value, and two other groups were the latest to express interest in bidding for Reliance Naval & Engineering Ltd., according to people familiar with the matter.
Read more about Jindal Steel keen to acquire bankrupt Reliance Naval & Engineering on Business Standard. A successful sale of Reliance Naval will help creditors, including IDBI Bank and SBI recoup part of the company s Rs 10,800 crore of debt.
(Bloomberg) Jindal Steel & Power Ltd., India’s third-largest producer of the alloy by market value, and two other groups were the latest to express interest in bidding for Reliance Naval & Engineering Ltd., according to people familiar with the matter.
In what can be termed as a dream come true for the people of Haryana who had to travel to Delhi and Chandigarh for Cancer treatment, Maharaja Agrasen Medical College Agroha (Hisar) will soon have a mega cancer hospital equipped with all modern facilities.
Chancellor Naveen Jindal plans to invest Rs 1,000 crore for futuristic expansion of JGU ANI | Updated: Feb 22, 2021 14:08 IST
New Delhi [India], February 22 (ANI/NewsVoir): Leading Indian industrialist and philanthropist and the Founding Chancellor of O.P. Jindal Global University (JGU), Naveen Jindal, has announced an elaborate investment plan of Rs 1,000 Crores for sustained futuristic expansion of the University as per JGU Vision 2030 for the next decade. The Sonipat, Haryana-based JGU was recognized as an Institution of Eminence (IoE) by the Ministry of Education, Government of India in 2019.
The focus of the investment plan will be on academic, infrastructure development, creation of new world-class student facilities, hostels, schools, faculty offices and teaching facilities. The substantial commitment of financial resources for the JGU Vision 2030 by Chancellor Naveen Jindal will bolster efforts to achieve financial, academic and phy