Page 60 - April 2022

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INTERNATIONAL Petronet LNG Limited (PLL) has incorporated a wholly-owned
PETRONET LNG LIMITED (PLL) HAS INCORPORATED A
WHOLLY-OWNED SUBSIDIARY COMPANY AT SINGAPORE

subsidiary company at Singapore under the name ‘Petronet LNG
Singapore Pte. Ltd.’ on March 07, 2022.
The newly incorporated wholly-owned subsidiary Petronet LNG
Singapore Pte. Ltd. has been incorporated to carry out business/
activities, including but not limited to purchase of LNG on long,
spot and short-term basis and sale of LNG, trading of LNG to Indian
and foreign companies, optimization and diversion of LNG under
its portfolio, carry out hedging, purchase of LNG under LNG SPAs,
sale of LNG to customers, investments in overseas ventures etc.
The registered office of the wholly-owned subsidiary company is
at Singapore, said company.

VOLTAS TO ENTER INTO A JOINT VENTURE AGREEMENT for room air-conditioners, motors for inverter compressors, and
WITH HIGHLY INTERNATIONAL (HONG KONG) their associated parts including sourcing of raw materials &
Voltas Limited will enter into a joint venture arrangement with Highly components required for manufacturing these products, on
International (Hong Kong), a wholly owned subsidiary of Shanghai such terms and conditions as may be mutually agreed between
Highly (Group) Company. The establishment of a joint venture in the parties. The incorporation of the Joint Venture Company is
India is for engaging in the business of design, development, subject to fulfillment / satisfaction of certain conditions precedent
manufacture, marketing, sale and service of inverter compressors to ‘Closing’ of the transaction and obtaining necessary approvals.

TATA HOUSING TO INVEST $36 MILLION TO DEVELOP portfolio of over 50 projects across 15 cities spanning commercial
TWO RESIDENTIAL PROJECTS IN MALDIVES properties as well as residential projects.
Tata group’s realty firm Tata Housing announced an investment of Tata group is a global enterprise, which operates in more than 100
$36 million (around `270 crore) to develop two luxury residential countries across six continents.
projects in Maldives. The company will construct around 117 Tata’s is one of India’s largest conglomerates, with annual revenue
housing units in these two projects. of over $100 billion, employing over 800,000 people worldwide.
In a statement, Tata Housing said it has launched another
international project in Maldives.
Tata Housing, which entered the Maldives market around a
decade ago, has already completed a social housing project
in the island country in partnership with the Maldives government.
With an investment of approximately $36 million, Tata Housing
will develop 2 residential projects at Nadhee and Odean in the
city of Male, which will offer approximately 117 units of luxurious 3
bedroom apartments in the region.
Strategically located at Majeedhee Magu City Centre Road,
the retail and residential luxury hub of the island, the project is
developed in a public-private partnership with the Government
of Maldives.
Tata Housing plans to develop these two residential plots with a
total development area of 2.52 lakhs square feet, and aims to
redefine quality residences in the region. Both projects are in close
proximity to the airport.
Tata Housing is committed towards delivering unmatched spaces
and elevating the living experience of its homebuyers.
This development will be followed by Island developments in the
near future.
Although Maldives is fast growing, he said the Male City needs
more to meet the appetite of growth of Maldives as an economy
and the rising standards of its citizens.
Tata Realty & Infrastructure Ltd, a subsidiary of Tata Sons, is one
of the leading real estate developers in India with an extensive

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