BG eyes sale of Queensland LNG stake -sources
SYDNEY, March 7 (Reuters) – By Narayanan
Somasundaram and Tom Bergin
SYDNEY/LONDON, March 6 (Reuters) – UK gas producer BG Group
is mulling the sale of a stake in its multi-billion
dollar Queensland natural gas liquefaction facilities, sources
close to the matter said, potentially paving the way for a
restructuring of the region’s LNG business.
BG could sell between 15 and 20 percent of the Queensland
Curtis LNG project (QCLNG) and, based on past transactions,
could raise up to $2 billion from the sale, one source said.
Firms look abroad for infrastructure growth
MUMBAI (Reuters) – Indian infrastructure firms are circling coal assets overseas to fire up planned power plants in India as they look to benefit from the energy-hungry nation’s aim to halve its near 14 percent power deficit within two years.
Companies in the sector such as Hindustan Construction Co (HCC)(HCNS.BO: Quote, Profile, Research) are also looking at acquisitions in other sectors such as transmission towers or oil and gas pipelines to take on larger infrastructure projects in the fast-growing Indian market.
India firms look abroad for infra growth
MUMBAI (Reuters) – Indian infrastructure firms are circling coal assets overseas to fire up planned power plants in India as they look to benefit from the energy-hungry nation’s aim to halve its near 14 percent power deficit within two years.
Companies in the sector such as Hindustan Construction Co (HCC) (HCNS.BO: Quote, Profile, Research, Stock Buzz) are also looking at acquisitions in other sectors such as transmission towers or oil and gas pipelines to take on larger infrastructure projects in the fast-growing Indian market.
Reuters Summit-WRAPUP 1-India firms look abroad for infra growth
MUMBAI, Sept 28 (Reuters) – Indian infrastructure firms are
circling coal assets overseas to fire up planned power plants
in India as they look to benefit from the energy-hungry
nation’s aim to halve its near 14 percent power deficit within
two years.
Companies in the sector such as Hindustan Construction Co
(HCC) (HCNS.BO: Quote, Profile, Research) are also looking at acquisitions in other
sectors such as transmission towers or oil and gas pipelines to
take on larger infrastructure projects in the fast-growing
Indian market.
A bubble in the real estate market?
Have you tried buying or renting a house in Mumbai recently? If so, then I won’t be surprised if you think real estate prices are plain expensive, and incredibly so. But that’s almost always been the case in India’s commercial capital. After all, when was the last time someone told you they got a cheap house in the city?
So is the real estate market in a bubble? We asked Adi Godrej, the man who controls Godrej Properties, if things could get bubblicious. This is what he had to say: “I don’t think we are in a bubble, because demand is strong, but we could get into a bubble.”
Paranoid governments and conspiracy theories
Adi Godrej
Adi Godrej, who marshals his namesake $2.5 billion diversified group, believes the Indian government is “paranoid” about the possible effects of allowing more foreign investments into sectors such as airlines.
“They (the Indian government) have not allowed foreign airlines to invest in private airlines, and they cite security. I don’t see what security would be compromised,” Godrej told the Reuters India Investment Summit in Mumbai.
Banks lead Sensex to near 32-month high
MUMBAI (Reuters) – The BSE Sensex had its best week in six months, rising 0.7 percent to its highest close in almost 32 months on Thursday as rapid growth expected in Asia’s third-largest economy drew investors.
The market is closed on Friday for a local holiday.
Financials such as SBI, ICICI Bank and HDFC Bank led the gains as fund managers bet the sector would benefit from a booming domestic economy, which is expected to expand 8.5 percent in the 2011 fiscal year.
Reliance Industries not finished with U.S. shale buys
MUMBAI/NEW YORK (Reuters) – Indian billionaire Mukesh Ambani’s Reliance Industries, which has struck three shale gas joint ventures with U.S. firms this year, may make a full buyout next as the cash-rich firm builds the knowledge it needs to run such operations.
Reliance has received about 20 to 25 pitches from investment bankers for shale assets, Reliance Chief Financial Officer Alok Agarwal said recently.
India’s Reliance not finished with U.S. shale buys
MUMBAI/NEW YORK (Reuters) – Indian billionaire Mukesh Ambani’s Reliance Industries (RELI.BO: Quote, Profile, Research, Stock Buzz), which has struck three shale gas joint ventures with U.S. firms this year, may make a full buyout next as the cash-rich firm builds the knowledge it needs to run such operations.
Reliance has received about 20 to 25 pitches from investment bankers for shale assets, Reliance Chief Financial Officer Alok Agarwal said recently.
Reliance Comm’s tower deal with GTL falls through
MUMBAI, Sept 6 (Reuters) – Reliance Communications’
(RLCM.BO: Quote, Profile, Research, Stock Buzz) plan to sell its telecoms tower business to GTL
Infrastructure (GTLI.BO: Quote, Profile, Research, Stock Buzz) has fallen through, dealing a blow to
the efforts of India’s No. 2 cellular carrier to nearly halve
its debt.
GTL Infrastructure said on Monday the transaction, which
was announced in late June, had been called off after the
companies failed to reach an agreement on terms, sending shares
in both companies lower.
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