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SOMA ENTERPRISE
PJTL lenders agree for Rs 1,020 crore one-time settlementLenders of Panipat Jalandhar NH 1 Tollway (PJTL) have agreed to a one-time settlement on Rs 3400 crore dues, accepting a Rs 1,020-crore all...- JC Flowers close to taking control of EPC company Soma EnterpriseJC Flowers & Co is set to take control of the road, metro and hydroelectric projects of Soma Enterprise, multiple people said, after most o...
- Roadis in talks to buy out partner in Indian joint ventureThe JV, Soma Roadis, has four highway concessions under the build-operatetransfer model in India, stretching 710 km — Panipat-Jalandhar (29...
- 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.
- Namma Metro's Mysuru Road extension work may go beyond 2019The work on the stations is known to take more than a year. And, that is excluding the preliminary bureaucratic processes.
- L&T, HCC among bidders for two packages of Mumbai Coastal roadThe ambitious 22.9-km project, which will cost Rs 15,000 crore, would connect Marine lines in south Mumbai to Kandivli in north through a c...
- Banks gearing up to refer 24 of 28 large NPA accounts to NCLTIn August, the Reserve Bank had asked banks to either resolve the 28 more large stressed accounts or refer them to the NCLT by December 31.
- South may get Metro extension first; west enters slow laneAlthough the construction of the 6.52-km line on Kanakapura Road was awarded to NCC as late as in January 2016, progress of work on this st...
- NCC, Soma exit Bangalore Tollway; sell stake for Rs 750 cr to IDFCInfrastructure firms NCC Infrastructure and Soma Enterprise are selling their entire stake in Bangalore Elevated Tollway Ltd for Rs 750 cro...
- 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.
- Road to recovery gets bumpier for infrastructure companies going through CDR processDebt-ridden infrastructure companies could find it difficult to get back on the road to recovery, even if they're trying to fix finances.
- 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 invests about Rs 700 cr in road, power projectsThe fund, which has so far invested close to $850 million out of its corpus of $1.2 billion, chose the closely-held Ind-Barath Energy (Utka...
- 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...
- 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...
- Soma Enterprise Ltd to design and construct 54 railway bridgesInfrastructure company Soma Enterprise Ltd announced that it has been awarded the contract worth Rs 605.15 crore for designing and construc...
- 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...
- Soma enterprises bags Rs 460 crore projectInfrastructure developer Soma Enterprises Ltd on Monday said it has bagged an order worth Rs 460 crore from National Highway Authority of I...
- 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 ...
- India, Inc. opts for more foreign prosShortfall in experienced Indian civil engineers is forcing construction companies to hire people from abroad.
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