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Voltas bagged 3 overseas project orders worth Rs 1,000 crore in the West Asia. The 1st project is for a 120-bed integrated health centre and workers' hospital in Qatar. The 2nd is for a sports hall and administrative office in a 5,350-seat indoor stadium being built to host the World Cup Handball Competition scheduled for January 2015 in the country. The 3rd project is for a 5-Star hotel, the Kempinski Wave in Muscat.
Tata Power is looking for more acquisitions as part of a $260-million-a-year investment push into renewable energy, following last month's purchase of a wind farm in western Gujarat from AES Corp. Its newly acquired plant has a capacity of 39.2 MW. The move could take the form of an initial public offering - although current market conditions are unfavourable - or a sale to a private investor.
Reliance Industries Ltd has shut another well on the main gas fields in the eastern offshore KG-D6 block due to high water ingress. The latest shutdown led to the output slipping from D1&D3 to 8.73 million standard cubic metres of gas per day in the week ending November 17.
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