BackNeed to Know | Raytheon bids to supply equipment to Isro, AAI
Need to Know | Raytheon bids to supply equipment to Isro, AAI
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Bangalore: US defence contractor, Raytheon Co., has bid to supply equipment for the final phase of India’s satellite based navigation system for aiding civil aviation, being built by Indian Space Research Organisation, or Isro, and Airports Authority of India (AAI).
Isro and AAI, to aid civil aviation traffic movement across the country, are jointly building the Global positioning satellite-aided geosynchronous augmented navigation system or Gagan.
Raytheon has tied up with local firms Accord Software and Systems, Pvt. Ltd and Elcome Technologies Pvt. Ltd for designing global positioning system devices and logistical and on-site support, and Naverus Inc., of Kent, Washington, for performance-based navigation route design, procedure flight validation and other related services. Raytheon had supplied radars in the initial test phase of the Gagan programme.
- Staff Writer
Phoenix Mills, Adlabs in pact for multiplex
New Delhi: A consortium led by Mumbai-based real estate developer, Phoenix Mills Ltd has signed a deal with Reliance-Anil Dhirubahi Ambani Group firm Adlabs Cinemas to develop India’s largest multiplex cinema.
Spread over 140,000 sq.ft, the “megaplex" at Kurla in Mumbai will have 15 screens and a seating capacity of 4,000, a statement said on Wednesday. In addition to the latest releases, it will also screen popular sports events and live concerts. It will also house two luxury screens.
- Staff Writer
C&S gets Rs100 crore private equity funding
Bangalore: Power management products manufacturer Controls and Switchgear Co. Ltd (C&S) has raised Rs100 crore in private equity funding from GE Commercial Finance India. The company intends to use the proceeds for capacity expansions and for pursuing inorganic growth opportunities, including mergers and acquisitions. Avendus Capital executed the deal.
“The additional inflow will further strengthen our resolve to continuously upgrade our technologies and facilities to compete with leading multinational companies," said R.N. Khanna, chairman, C&S Group.
- Staff Writer
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