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ANKINEEDU MAGANTI
Anand Mahindra joins Araku Café's 2nd birthday celebrations in Bengaluru, enjoys 'incredible' mealThe Mahindra Group boss met Deepika Padukone's parents & Infy's Kris Gopalakrishnan.- Soma group’s Uttarakhand power assets up for saleBeta Infratech is a wholly owned subsidiary of Soma Energy, promoted by Ankineedu Maganti and Dileep Kumar Yalamanchili. The company was ad...
- Cube Highways in talks to buy Dhule-Pimpalgaon Eway SPVThe SPV is a joint venture between Ircon International and Soma Enterprise, with equal equity participation.
- Road builders upbeat about government contracts, but past troubles continue to hauntAt least four companies confirmed to ET that they were made to forgo dues on price escalation to get a green signal from NHAI to commission...
- NHAI awardes 180 PPP projects to road builders but most are distressed projectsWhile NHAI is gearing up for big bang tendering of orders worth Rs 60k cr, it continues to be a challenging customer for road developers.
- Soma Enterprises raises $100 mn from StanChart and L&T FinanceStandard Chartered has invested $70 mn through NCDs and compulsory convertible bonds. L&T Infrastructure Finance Company, is believed to ha...
- 3i’s infra fund may invest Rs 684 crore in Soma Enterprises’ road businessGlobal private equity firm 3i Group is likely to invest $150 million in the road business of Hyderabad-based construction and engineering c...
- Union Budget 2009-'10: Refinancing to put highway projects in the fast laneState-owned India Infrastructure Finance Company (IIFCL) will refinance 60% of commercial bank loans for public-private projects over the n...
- Developers may securitise road projects to raise fundsCash-starved highway developers are planning to keep their completed toll road projects as security with banks and financial institutions t...
- Highway developers may prefer stake sale routeHighway developers are looking at selling small stakes in various central road projects to raise funds, as banks deny them loans.
- Private equity cos betting big on road sectorGovernment is also looking at offering roadside land development rights to developers, making the segment more attractive.
- Soma completes Porbandar-Bhiladi stretch of E-W corridorSoma Enterprise Ltd says it has completed and handed over the Rs 193 crore Porbandar-Bhiladi project on NH-8B to the National Highway Autho...
- Crude price rise hits road building costsEver wondered whether the movement of crude oil prices on the world’s top bourses have a bearing on the roads you drive on?
- Chinese co, Soma Enterprise in JV for NH projectsChinese firm China Gezhouba Group Corporation (CGGC) has tied up with Hyderabad-based Soma Enterprise in a joint venture for four national ...
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