To sell 74 per cent stake in GMR Jadcherla Expressways, GMR Highways has signed an agreement with Macquarie SBI Infrastructure Investments Pte and SBI Macquarie Infrastructure Trust. This GMR Group operates the GJEL Farukhnagar-Jadcherla highway in Andhra Pradesh, under a concession agreement signed with NHAI.
Author: admin (Infratructure Today)
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Macquarie SBI buys 74% stake in GMR road project in AP
To sell 74 per cent stake in GMR Jadcherla Expressways, GMR Highways has signed an agreement with Macquarie SBI Infrastructure Investments Pte and SBI Macquarie Infrastructure Trust. This GMR Group operates the GJEL Farukhnagar-Jadcherla highway in Andhra Pradesh, under a concession agreement signed with NHAI.
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Kochi gives ambitious ring road project a push
The Greater Cochin Development Authority (GCDA) will submit the alignment of the proposed 64-km ring road connecting Chatiyath and Panangad before the Ports Department for approval. Since about 10.5 km stretch of the road between Chatiyath and Varapuzha passes through coastal areas, GCDA would require the approval from the Ports Department.
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Kochi gives ambitious ring road project a push
The Greater Cochin Development Authority (GCDA) will submit the alignment of the proposed 64-km ring road connecting Chatiyath and Panangad before the Ports Department for approval. Since about 10.5 km stretch of the road between Chatiyath and Varapuzha passes through coastal areas, GCDA would require the approval from the Ports Department.
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Work on Delhi’s signal-free stretch to start this month
Work on the first phase of the signal-free stretch on Outer Ring Road of Delhi is expected to begin later this month. The Rs 559.6-crore project will include construction of a 3.3km elevated road from Vikaspuri to Meera Bagh that will zip over five intersections. The project, undertaken by the State Public Works Department (PWD), is part of a Rs 2,200 crore project that seeks to make the 17 km stretch from Vikaspuri to Wazirabad signal-free.
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Work on Delhi’s signal-free stretch to start this month
Work on the first phase of the signal-free stretch on Outer Ring Road of Delhi is expected to begin later this month. The Rs 559.6-crore project will include construction of a 3.3km elevated road from Vikaspuri to Meera Bagh that will zip over five intersections. The project, undertaken by the State Public Works Department (PWD), is part of a Rs 2,200 crore project that seeks to make the 17 km stretch from Vikaspuri to Wazirabad signal-free.
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FIIs invest more in equities than bonds
Reports indicate that Foreign institutional investors (FIIs) are investing more in equities than in debt. Some analysts opine that FIIs are more comfortable with equities because there are no restrictions there. Moreover, arbitrage opportunities in debt may have reduced, they opine. Bankers said the overall cost for an FII to invest in Indi
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FIIs invest more in equities than bonds
Reports indicate that Foreign institutional investors (FIIs) are investing more in equities than in debt. Some analysts opine that FIIs are more comfortable with equities because there are no restrictions there. Moreover, arbitrage opportunities in debt may have reduced, they opine. Bankers said the overall cost for an FII to invest in Indi
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Net profit of ONGC declines 17.5%
The net profit of state-run Oil & Natural Gas Corp (ONGC) fell 17.5 percent during Oct-Dec 2012 to Rs 5,563 crore from Rs 6,741 crore in the same period previous year. The company attributed the contraction in the bottomline to a higher tax on crude oil and fall in its oil and gas output. The cess on crude oil was raised 80 perc
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Govt to adopt EPC model again for road projects
Reports indicate that the union government prefers to award road projects on engineering, procurement and construction (EPC) model because of poor interest shown by developers for PPP (BOT) model. It is learnt that the recent award of road projects witnessed a considerable decline in the number of bidders on the BOT toll basis