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Opposition to chinese firm ends, Middle Vaitarna dam on course |
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expressindia.com |
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06-09-08. |
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After a series of hurdles and much opposition, construction of the state's largest dam the middle vaitarna, which will supply additional water to quench Mumbai's raising thirst - to be built with chinese expertise received final approvals on friday from the Brihanmumbai muncipal Corporation's Standing Committee. .... read more |
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AP Companies Secret of Success, AP bags mega projects |
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Economic Times(Hindi) - Delhi |
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22-08-08. |
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Infrastructure majors from Andhra Pradesh are bagging many mega projects across the nation. Be it the power sector, airports, seaports, metro rail projects, national highways or highrise buildings, firms from the state are the frontrunners these days. .... read more |
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Soma Enterprise Ltd bagged SEZ in Maharashtra |
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Economic Times(Hindi) - Delhi |
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09-08-08. |
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Indian Infrastructure Initiative has awarded a SEZ near Kagal in Maharashtra to Soma Enterprise Limited. .... read more |
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Maha govt signs MoU to develop SEZs |
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Financial Express - Mumbai |
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07-08-08. |
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The Maharashtra government's industrial infrastructure arm MIDC signed a Memorandam of understanding (MoU) with four companies for developing special economic Zones (SEZ), which will attract minimum investment of Rs. 17,000 crore and create employment of more than 50,000..... read more |
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MIDC & IL & FS in pact for four SEZs in Maha |
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Financial Express - Mumbai |
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07-08-08. |
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The Maharashtra Industrial Development Corporation (MIDC) and Infrastructure Leasing and Financial Services Limited (IL&FS) on Wednesday, signed a memorandum of understanding (MoU) with private special economic zone (SEZ) partners including Eldeco Infrastructure and Properties Limited, Parsvnath SEZ Limited, Ramky Infrastructure Limited, Soma Enterprise Limited and Ajanta Projects (I) Limited for joint development of four SEZ's in Maharashtra at an estimated cost of Rs. 863 crore. .... read more |
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Ministry reviews shortlist for Andhra Pradesh road project |
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Mint - Delhi |
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04-08-08. |
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Indian authorities are reviewing a selection process used to identify bidders for a highway project in Andhra Pradesh worth more than Rs. 1,000 crore after atleast two companies, including billionaire Anil Ambani led Reliance Infrastructure Ltd, asked for clarifications when they failed to make it to the shortlist. .... read more |
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7 firms bid for second Metro line |
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Times of India - Mumbai. |
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23-07-08. |
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With news that the Rs 8,400 crore second Metro line will soon be cleared by the centre, seven consortia including the rival Ambani brothers as well as Tata Power Company will soon be competing for the contract for bulding the line stretching from Charkop-Bandra-Mankhurd. .... read more |
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NHAI awards five road projects |
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Economic Times - Delhi. |
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11-01-08. |
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Centre has decided to award five major road projects of Rs 6,000 crore to infrastructure companies including L&T, IDFC, Soma Infrastructure, Emirates Trading Agency and KMC Construction. The move will give a boost to the six-laning projects under the National Highways Development Project (NHDP-IV). .... read more |
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Private equity cos betting big on road sector |
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Economic Times - Mumbai. |
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11-01-08 |
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Backed by a buoyant economy growing at more than 8%, investors are chasing highway projects, which promise huge return in the medium and long term. Private equity players such as 3i, ICICI Venture, IDFC and Blackstone are betting big on road sector and plan to either directly partner developers by jointly bidding for the highway projects or pick up stake in the infrastructure firms. PE firm 3i recently took a minority stake in Hyderabad-based engineering and construction company Soma Infrastructure for $101 million. Soma has an order book of more than $1.6 billion and is undertaking various highway projects on build, operate and transfer (BOT) toll basis. With the government planning to allow PE players in the road projects at the time of bidding itself, more companies are likely to infuse fund in the highway projects. Moreover, government is also looking at offering road side land development rights to the developers, making the segment more attractive. .... read more |
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Soma to focus on BOT projects |
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Mint - Delhi |
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26-12-2007. |
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After wrapping up a Rs. 400 crore stake sale to the India arm of 3i Group Plc., a London based private equity firm, Soma Enterprise Ltd plans to focus more on its infrastructure development business....read more |
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Pimpagaon-Dhule Project |
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Asia Spa |
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Date: 17-11-2006 |
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Soma Enterprises Ltd has announced that it has achieved the financial closure on the Rs. 606.04 crores Pimpagaon-Dhule Project in Maharashtra.....
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