Voda-Idea okays turning AGR dues into equity, govt share 35.8 pc

New Delhi : The Board of stressed telecom company Vodafone Idea has approved conversion of interest on spectrum auction installments and adjusted gross revenue (AGR) dues into equity. The conversion will therefore result in dilution to all the existing shareholders of the company including the promoters. “Following conversion, it is expected that the government will … Read more

L&T’s Heavy Engineering arm dispatches large Ethylene Oxide Reactors

Larsen & Toubro’s (L&T) Heavy Engineering arm has dispatched two large Ethylene Oxide Reactors, weighing 1,200 Tons each from Hazira, Gujarat to a large petrochemical complex overseas. This was a repeat order after four identical Reactors were supplied by L&T to the same client in 2020 amidst Covid-19 pandemic during the first wave. The Reactors … Read more