Lenders of GMR Rajahmundry Energy, an arm of GMR Infrastructure , have acquired 55 percent stake in the company after debt restructuring. GMR Infrastructure in a filing to the BSE said, “The consortium of lenders of GREL (GMR Rajahmundry Energy) have adopted the Strategic Debt Restructuring Plan (SDR), as provided under the scheme permitted … Read more
DELHI: Ratnagiri Power, GMR Energy, GVK Power, Lanco Infratech and Sravanthi Energy are among companies that emerged successful with aggressive bids in third round of imported natural gas auction that will revive nine stranded power plants. The auction follows bidding held by the government on March 15 that was cancelled as bidders unexpectedly quoted zero … Read more
Agricultural Products remains one of India’s major assets whose quality and richness has shown excellent improvement over the years and makes them a fine prospect for export sales. Over 80% of India’s landscape strength lies in its rural populace who have been instrumental in producing rich quality food grains and other agricultural products.Srivenexim is based … Read more
Rajahmundry: Andhra Pradesh is the fourth largest producer of coconuts after Kerala, Karnataka and Tamil Nadu. The twin Godavari districts account for the bulk of coconut and copra production in the State. East Godavari district shares 50 percent of coconut cultivation of Andhra Pradesh followed by West Godavari, Srikakulam and Visakhapatnam districts. Konaseema is the … Read more
Isuzu India will commence manufacture of pick-up trucks at the Sricity facility, near Nellore by April 2016. The Managing Director of Isuzu India, Takashi Kikuchi who met Chief Minister Sri N. Chandrababu Naidu on Monday said that the Isuzu had set up a manufacturing facility with an initial investment of Rs 1,500 crore and nearly … Read more
YesMart is opened a showroom in Rajahmundry today. This showroom is opened by Actress Miss Praneetha at Kotipalli Bus Stand.YesMart already have 14 showrooms across Andhra Pradesh and Telangana including showrooms at Hyderabad, Visakhapatnam. This is extending its services in Rajahmundry and Kurnool. YesMart is Best Shopping Place for Computers & Accessories, Electronics, Home Needs, … Read more