R- infra commissions Solapur-Karad line
Reliance Infrastructure Ltd Mumbai: Reliance Infrastructure Ltd (RInfra), an Anil Ambani group company, has said it has commissioned the first phase of its `1,400 crore power transmission project in Maharashtra.
The company whose businesses range from power generation, transmission and distribution to building roads, said in a statement that a 116 km line between Solapur and Karad in Maharashtra, which is a part of the Western Region System Strengthening Scheme that it secured from the government through a tariff based competitive bid ding process, is now operational.
KKR eyes small stakes in India Firms
Global private equity major Kohl berg Kravis Roberts and Co. (KKR), which has invested about $1 billion (`4570 crore) in India, on Friday said it would prefer picking up small stakes in Indian family owned firms rather than hunting for outright buyouts.
Addressing a business session on the sidelines of the World Economic Forum (WEF) meeting in Davos, KKR cofounder and cochairman Henry Kravis said he would prefer that his firm becomes “partners“ with a growing number of Indian companies.