Government plans to give some concessions to financially strained highway project developers in order to fast-track execution of projects in the sector. It may be noted that the NHAI has been able to award contracts to build under 1,000 km of highways so far in 2012-13 compared to the revised target of 4,800 km in the entire financial
Author: admin (Infratructure Today)
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Global funds chase India’s highway sector
Global fund managers like Morgan Stanley, SBI Macquarie Infrastructure Fund, Uniquest Infra Ventures are showing interest to invest in the country's road sector following the positive policy gestures. The National Highways Authority of India (NHAI) is urging government to allow developers to offload equity as soon as a project is completed. The change is being push
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Global funds chase India’s highway sector
Global fund managers like Morgan Stanley, SBI Macquarie Infrastructure Fund, Uniquest Infra Ventures are showing interest to invest in the country's road sector following the positive policy gestures. The National Highways Authority of India (NHAI) is urging government to allow developers to offload equity as soon as a project is completed. The change is being push
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Kerala govt mulls airport project in Wayanad
Under the public-private partnership model, the Kerala government proposes to build a feeder airport at Wayanad district and it is awaiting a key reports on the project from consultants. The techno economic feasibility report and the environment impact assessment are being prepared by Knight Frank India for this project. Both the reports will be submitted in six months and the government will take furt
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Govt to upgrade six airports in Gujarat
In a reply to a question in Rajya Sabha, Union Minister of State for Civil Aviation KC Venugopal informed that around Rs 322 crore would be invested to modernize six airports in Gujarat during the Twelfth Five-Year Plan period (2012-17). These airports are Ahmedabad, Bhavnagar, Jamnagar, Rajkot, Surat and Vadodara. The government woul
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DCI issues tax-free bonds worth Rs 5 bn
Dredging Corporation of India (DCI) is issuing tax-free bonds worth Rs 500 crore and has offered a coupon rate of 6.47 per cent for qualified institutional investors, domestic companies and high net worth individuals. The coupon rate is 7.47 per cent for retail investors. The bonds are of 10-year tenure and 40 per cent of the issue is earmarked for retail investors
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Govt aims to raise India’s ranking in steel output
AP Choudhary, CMD of Rashtriya Ispat Nigam (RINL) informed that government plans to raise India's global ranking in steel production to second from the present fourth position by 2020. India currently produces 71 million tonne (mn t) of steel per annum and is placed at the fourth position, China occupies the first position with over 600 mn t per annu
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Govt clears exploration in some oil and gas blocks
At a recent meeting of the National Secretary Advisor Shivshankar Menon and Principal Secretary to Prime Minister Pulok Chatterji, it was decided to clear Reliance Industries' (RIL) producing KG-D6 block and gas discovery area NEC-26. The meeting, held on February 27, decided to clear fully the exploration and production at the blocks and also
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ONGC proposes Rs 350 bn investment in FY14
In 2013-14, Oil and Natural Gas Corp (ONGC) plans to invest Rs 35,049.23 crore, which is 4 per cent higher than the revised capital expenditure of Rs 33,577 crore in the current fiscal year, Union Budget document shows. The state-run oil and gas explorer plans to fund the investment entirely through internal resources in 2013-14. T
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Centre wants TAPI gas pipeline to begin from Kazakh
According to media reports, the Indian government has already presented a concept of the proposed Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline that could later be expanded to the territory of Russia. It is learnt that the central government wants the pipeline to begin from Kazakhstan border, more specifically from Shymkent (a southern city of Kazakhstan) and cont