Media reports suggest that the government may infuse around Rs 20,000 crore into state-run banks in 2013-14 so that they comply with the capital adequacy conditions of Basel III norms. It is learnt that public sector banks (PSBs) have demanded the above amount for the next financial year from
Author: admin (Infratructure Today)
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High interest outgo raises loss of GMR Infra
Huge interest outgo crimped the bottomline of infrastructure developer GMR Infrastructure, which posted a net loss of Rs 217 crore during Oct-Dec 2012. The company's interest outgo during the period is said to have risen 24 per cent to a total of Rs 525 crore, reports suggest. It is sitting on a consolidated debt
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Ministry to discuss setting up of regulator
Union road ministry would soon discuss the proposal to form a regulator for the road and transport sector. After internal discussion, the road ministry would approach the cabinet for approval. The initiative in this regard is restarted in the wake of the recent move by some private companies exiting the projects on account of delay in
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Centre gives nod to road projects worth Rs 38,500 cr
With an objective to boost road connectivity to rural areas in the country the Union government on February 7 cleared road projects worth about Rs 38,500 crore under the rural road connectivity scheme, the Pradhan Mantri Gram Sadak Yojana (PMGSY) which was launched in 2000.
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UP has Rs 20,000 cr worth road works underway
In Uttrar Pradesh, road projects worth about Rs 20,000 crore are either underway or in the pipeline. The road projects pertain to both State highways and road projects of the UP State Highways Authority (UPSHA). UP has one of the largest road networks in India measuring 1,33,122 km, which includes national/state highways, district and rural roads.
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Cabinet gives in principle nod for Rs 385 bn road projects
In order to cover unconnected habitations in Naxal-affected districts and areas of Arunachal Pradesh bordering China, union cabinet gave "in principle" approval for Rs 38,500 crore road projects. These projects would be implemented in 82 Naxal-affected districts where the population is 100 persons and above (as per the 2001 census) and areas of Arun
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JNPCT set to handle more containers in FY13 than last year
Reports suggest that the Jawaharlal Nehru Port Container Terminal (JNPCT) is set to achieve higher throughput of container cargo in 2012-13 compared to last year. So far in 2012-13, the terminal handled over 1-million Twenty Foot Equivalent Unit (TEU) of throughput. In anot
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Railways to attract Rs 50 bn pvt capital for port linking project
In the next five years, Indian Railways plans to improve rail connectivity to ports across the country by attracting private investment of around Rs 5,000 crore. The plan is expected to address bottlenecks in rail linkage to key ports in the country. In this regard, the railw
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Net profit of Great Eastern rises on forex gains
The consolidated net profit of Great Eastern Shipping more than doubled to Rs 192 crore during October-December 2012 from Rs 87.46 crore in the year-ago period. The company cited forex gains and decline in interest costs as major reasons for the rise in net profit
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SPS Shipping eyes coal ferrying contract
SPS Shipping is taking efforts to secure the contract to transport coal through inland waterways for NTPCĆās Barh-II thermal power plant project in Patna. The company is holding discussion with the public sector power major in this regard transport 3 million tonne of coal from Sandheads (mouth of the Hooghly river) alon