The rail line doubling work of Ernakulam-Kayamkulam line through Kottayam and Alappuzha will be over by 2014-15. Minister of State for Railways Adhir Ranjan Chowdhury has said that the work is going on as per the revised schedule and this was the first time that the Railways is providing Ăâcommitted fundsĂâ for track doubling in the busy corridor.
Author: admin (Infratructure Today)
Post
Post
South Eastern Railways’ freight traffic up by 6.26%
South Eastern Railways' (SER) total originating freight traffic has been boosted thanks to a jump in movement of iron ore for domestic customers in 2012-13, over 2011-12. South Eastern Railway is a major iron ore loading zonal railway.
Post
CCI clears Rs 740 bn worth investment so far
Since the setting up of the Cabinet Committee on Investment (CCI) in January 2013, mega projects worth a total of Rs 74,000 crore, have been cleared by the body. These projects were stalled because of lack of statutory clearances. Many projects in the oil and gas sector, with a cumulative investment of $13.42 billion, were held up because of of objections raised by the Defe
Post
2012-13 sees Rs 60 bn worth of IPOs
During 2012-13, a total of 10 companies raised a cumulative Rs 6,059 crore through initial public offerings (IPOs), data available with the stock exchanges show. This is a marginal rise of 4 per cent from the previous year, when 33 companies had together mopped-up Rs 5,808 crore. This is a far cry from a total of Rs 33,183 crore raised through IPOs in 2010-11 by 52 fir
Post
Infrastructure sector faces funding constraints
Industry players complain that most sources of funding like private equity, capital market, bond issue, bank credit for infrastructure companies have dried up because of high risk perception in the sector. According to Suneet Maheshwari, MD & CEO, L&T Infrastructure Finance, private equity has been scarce and the capital market does not favour infrastructure comp
Post
Suzlon’s arm issues $647 million worth bonds
According to a company press release, the Dutch unit of Suzlon Energy, AE Rotor Holding BV, issued $647 million worth of bonds in order to reduce debt. The company would utilise the fund to repay loans as part of a debt restructuring deal with its creditors. Specifically, the proceeds of the bond sale would be used to refinance existing dollar-denominated foreign curre
Post
Global firms may operate new airports at two metros
The Union government is considering giving the management control of the new Kolkata and Chennai airports, built by the Airports Authority of India, to global operators through a competitive bidding process.
The Union Civil Aviation Minister Ajit Singh said on March 26 that the AAI could set up joint ventures with major foreign airport operators to carry out operations and management of these two crucial metro airports.
Post
Avail AirAsia’s cheap tickets to South East Asian cities
Malaysian budget carrier AirAsia has opened bookings for two million seats between April 2 and 7, 2013 offering air tickets as cheap as Rs 3,300 to South East Asian destinations for travel next year. One can fly from Kolkata to Bangkok for all-in-fare of Rs 3,300, Chennai to Bangkok for Rs 3,500, Bangalore to Kuala Lumpur for Rs 5,500, Kolkata to Kuala Lumpur for Rs 5000, Kochi or Chennai to Kuala Lumpur for Rs 4500 and from Tiruchirapalli to Kuala Lumpur for Rs 4000, a statement by the budget c
Post
HAL reports a turnover of Rs 14,316 cr for FY13
Defence major Hindustan Aeronautics (HAL) on April 1 reported a turnover of Rs 14,316 crore for the financial year 2012-13, with a profit before tax of Rs 3,471 crore.
Announcing the provisional figures in Bangalore, the company declared an interim dividend to the tune of Rs 823 crore, 683 per cent of equity base of Rs 120.50 crore. The company said its performance is expected to earn it the 'excellent' score under the MoU with Government of India for the year.
Post
‘Govt is studying SEZ developers’ demands’
The Union Ministry of Commerce has said recently that concerns of developers and units in revamping the SEZ (special economic zone) Act has been taken seriously by the government. After taking into consideration the views, concerns and opinions of various stakeholders, the Department of Commerce has now submitted its report and it is under the active consideration of the Union Government, Madhusudan Prasad, Additional Secretary, Union Ministry of Commerce said.