Sign in to your SiliconIndia account
Email:       Password:  
Don't have SiliconIndia account? Sign up     Forgot your password? Reset

Essar, Tata, RPG to invest $5 B in Iran

By agencies,Monday, 21 February 2005, 00:00 Hrs
NEW DELHI: Three Indian companies Essar Steel, Tata Steel and RPG will invest $ 5 billion in Iran in the steel and power sector. While Essar and Tata will set up steel industries in Iran, the RPG group will set up a major power transmission project.

"Essar and Tata may soon be finalizing plans for multimillion dollar steel plants at Bandar Abbas, while RPG Group is undertaking a mega power transmission and distribution project in Iran," Indian ambassador in Iran K.C. Singh said.
Is social media more addictive than cigarettes?
YES
NO


"Essar, which has taken a lead, is expected to take $120 million credit line while RPG and Tata would follow soon with the investments expected to exceed the $200 million credit line offered by Indian government," said Singh.

Indian investments in Iran is a result of availability of cheaper and exhaustive energy resources, easy link to markets in Europe and Central Asia and the planned East Corridor to Afghanistan, said Iranian Ambassador to India Zargar Yaghoubi.

"These investment proposals include $3.3 billion worth projects in steel and mining, of which $1.8 billion have almost been finalized," the official said.


   
Write your comment now     |     Submit your news/press release


Your Name    Email: 
Type the characters you see in the picture

  Cancel
Let our editorial department know about any news about your company, your organization, or yourself, or any press release that you have. If we find it suitable for our audience, we will contact you and make a news. Please also share any links for the news.

Chr left
Your name     Email 
Type the characters you see in the picture

Beautiful and dress selection, please go to Dresses
Plan on visiting the Lotus Temple? Get Great Deals on Delhi Hotels !
Buy India Wholesale Products on DHgate.com
SPOTLIGHT



News:           Technology   |   Enterprise IT   |   Tech Products   |   Startups   |   Finance   |   Business   |   Career   |   Magazine  |   Dailydose   |   News archive   |  
RSS
Network:       Network   |   Profile   |   Messages   |   Scrapbook   |   Find   |   Blogs   |   Communities   |   Events   |   Q&A   |   CXO Insights  
Career:        Jobs   |   Companies     |   Mentorship   |   Videos   |   Career blogs   |   Training institutions  |   Freshers
Online courses:   Web developer   |   Java developer   |   CCNA training   |   SEO   |   SAS   |   SQL server 2005   |   J2EE
Education:   MBA   |  MCA   |   Engineering   |   Overseas Education   |   Internship
Life:                  Jokes   |    Bookstore   |   Relocate  |  Marketplace
Cities:             Startup   |  Real estate   |   Finance  
Company:   About us   |   Contact   |   Help   |   Community rules   |   Advertise with us   |   Sitemap
Member directory:   A  B  C  D  E  F  G  H  I  J  K  L  M  N  O  P  Q  R  S  T  U  V  W  X  Y  Z   
and help us continue to improve SiliconIndia
© 2010 SiliconIndia all rights reserved