India’s state-run power generator NTPC Ltd has revealed its plans to raise up to Rs 4,500 crore from domestic as well as international markets for meeting its expansion plans in the current financial year.

The company intends to raise up to $500 million from the global market by March, to support their expansion plan.

The company also plans to raise Rs 2,000 crore from the domestic market through private placement of bonds.

NTPC stock ended the day at Rs 144, down 5% compared to its previous close of Rs 152.

(PDL), India’s leading real estate company, has informed that it would build a five-star hotel comprising
152 rooms in Ahmedabad.

Parsvnath Hotels, a subsidiary of Parsvnath Developers, has undertaken construction of hotel at Vejalpur, Ahmedabad, which has received five-star category approval from the Ministry of Tourism. The project is located just 14 kms away from the airport and mere 9 kms away from the railway station.

Areva T&D India Limited, the Indian subsidiary of AREVA France SA, has bagged a contract worth 35 million euro from Bhilai Steel Plant (BSP)1, a flagship unit of the “Steel Authority of India Ltd” (SAIL), the largest steel manufacturer in India.

This contract includes a 132kV Gas insulated substation and Air insulated substations.

In addition, it also includes the complete revamping of the existing protection & control system and feeding the new sub stations through 132KV transmission cables.

Geometric Limited, a leading provider of Engineering Services and Product Lifecycle Management (PLM) solutions and technologies, has entered into a reseller agreement with Autoline Design Software Limited (Autoline), a wholly owned subsidiary of Autoline Industries Limited.

Under this deal, AUTOLINE will distribute Geometric's desktop products like eDrawings Publishers, DFMPro and GeomCaliper.

Vakrangee Softwares Ltd., a leading integrated document management and printing management solutions provider, has entered into an agreement with Mumbai-based Financial Information Network and Operations Ltd. (FINO), the Smart Card Solution Provider.

Under the arrangement, both partners will combine their complementary skills and expertise for execution of the Rashtriya Swathya Bima Yojana (RSBY) scheme announced by Government of India for the provision of Health Insurance cover to families below poverty line.

Reliance Communications and HTC Corporation entered into a strategic alliance to introduce the innovation-packed HTC Touch Diamond - CDMA (P3051) in the Indian market.

The recent declaration further strengthens the successful partnership between HTC and Reliance Communication to roll out superior and top-notch mobile handsets for India in the strong-growing CDMA market in India.

Under the alliance, the HTC Touch Diamond - CDMA (P3051) will be exclusively provided on Reliance Communications state-of-the-art wireless network spread across 15,000 towns and 4 lakh Indian villages.