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Tata Power sells entire 50% stake in South African joint venture Cennergi for $106 mn

Tata Power has sold its entire 50 per cent stake in Cennergi, a South African joint venture, for $106 million. Cennergi Ltd is a 50:50 joint venture between Exxaro Resources Ltd.... Full Story

Larsen & Toubro's hydrocarbon arm get order worth over Rs. 7,000 crore in Algeria.

L&T Hydrocarbon Engineering, a wholly owned subsidiary of Larsen & Toubro, has won a mega order worth over Rs. 7,000 crore from... Full Story

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Bharat Petroleum to invest $800-m equity in Mozambique LNG project.

State-run Bharat Petroleum Corporation Ltd. (BPCL) will invest as much as $800 million as equity in a liquefied natural gas... Full Story

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LATEST HEADLINES FROM MIDDLE EAST AND NORTH AFRICA

Google plans to invest 3 billion euros in Europe.
Google’s Chief Executive Officer (CEO), Sudar Pichai, said the company is planning to invest 3 billion euros to expand its data centers across Europe in... Full Story
Bharat Forge to invest $56 million to set up new plant in US.
Auto components maker and the world’s largest forging company Bharat Forge recently announced an investment of $56 million (Rs. 399 crore) to set up a new forging and machining facility in... Full Story
Russia, India eying prospects for joint shipbuilding venture: Putin.
Russia and India are looking into the possibility of launching a joint ship building venture, Russian President Vladimir Putin said recently. "Yesterday, we spoke with the Prime Minister [of... Full Story
Coal India signs MoUs with Russia for coking coal.
Coal India signed MOUs with two Russian entities in the areas of coking coal mining in the Russian Far East and the Arctic Region. Coal India signed the first MoU with... Full Story
Kazakhstan keen to join hands with Midhani for bio-implants.
The government of Kazakhstan has evinced interest in collaborating with Midhani to produce, on a commercial scale, bio-implants which have been beneficial to patients. A team... Full Story
Hindustan Platinum acquires ABB plant in Puerto Rico.
Hindustan Platinum, a refiner and manufacturer of precious metal products and services, has announced the purchase of ABB’s Humacao electrical contacts manufacturing plant in Puerto... Full Story
Chinese Auto Maker BYD Eyes $100 Million Investment in Brazil Plant.
Chinese auto maker BYD is looking to invest up to $100 million to establish a plant in Brazil capable of producing up to 4,000 electric... Full Story
Buffett $1 billion order shows wind power rivals coal.
The decision by Warren Buffett's utility company to order about $1 billion of wind turbines for projects in Iowa shows how a drop in equipment... Full Story