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Top related persons:
BYD - 1 Sarita Chaganti Singh - 1 Jason Neely - 1
Top related locs:
DELHI India Hyderabad
Top related orgs:
Engineering - 1 Infrastructure Ltd - 1 Economic Times - 1 India's Department of Commerce - 1 Department - 1 Promotion of Industry - 1 Internal - 1 Thomson - 1

Search resuls for: "Infrastructure Ltd"


2 mentions found


☆ India rejects BYD's $1 bln factory proposal -Economic Times
  + stars: | 2023-07-22 | by ( ) www.reuters.com   time to read: +1 min
NEW DELHI, July 22 (Reuters) - India has rejected Chinese automaker BYD Co's (002594.SZ) proposal to set up a $1 billion factory in India in partnership with Hyderabad-based Megha Engineering and Infrastructure Ltd, the Economic Times reported on Saturday. Reuters reported this month that BYD had submitted a $1 billion investment proposal to build electric cars and batteries in India in partnership with a local company. Reuters could not independently verify the contents of The Economic Times' report. India's Department of Commerce, Department for Promotion of Industry and Internal Trade (DPIIT) had sought opinions from other departments on the investment proposal, the report said. "Security concerns with respect to Chinese investments in India were flagged during the deliberations," the report quoted an Indian official as saying.
Persons: BYD, Sarita Chaganti Singh, Jason Neely Organizations: Engineering, Infrastructure Ltd, Economic Times, Reuters, India's Department of Commerce, Department, Promotion of Industry, Internal, Thomson Locations: DELHI, India, Hyderabad
☆ EXCLUSIVE CVC, China's Road King plan stake selldown in $3 bln toll business-sources
  + stars: | 2022-09-21 | by ( Anshuman Daga Yantoultra Ngui | Anshuman Daga | Yantoultra Ngui | ) www.reuters.com   time to read: +3 min
The likely purchase of the new asset and the $3 billion valuation of the toll road business has not been reported previously. Representatives from Road King did not respond to requests for comment. CVC and Road King's attempts to monetise the toll road business comes at a time of growing global investor interest for infrastructure assets, driven by sovereign, pension and private equity funds chasing long-term returns. Road King, a Chinese property developer, has operated expressways in the country since nearly three decades. It diversified into the Indonesian toll road business in 2019 and its expressways in China and Indonesia span over 600 kilometres in total, according to the company's website.
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