Data from the National Stock Exchange (NSE) shows that the government received strong response for its disinvestment in Oil India (OIL) through offer for sale (OFS). According to the data, the government received bids for more than twice the offer size, at an average price of Rs 517.99 a share. The government aimed to raise around Rs 3,100 crore by selling 60.1 million shares of the firm at a floor price of Rs 5
Author: admin (Infratructure Today)
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Bihar to bring in road maintenance policy
In its next budget, the Bihar government may come up with a separate policy on road maintenance in the next budget. The government's move is by keeping in view the maintenance of all roads built during the last seven years.
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DPCL may start Rs 100 bn expansion project in 2 years
Santosh K Mohapatra, Chief Executive Officer of Dhamra Port Company (DPCL) informed that the company may start second phase expansion of the port in two years. He said environment clearance for the project is in advanced stage. Once expansion for the second phase is begun, it would be completed
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CMIE expects output from refineries to rise upto 7%
Centre for Monitoring Indian Economy (CMIE) expects output of petroleum refiners to rise between 3-7 percent in the remaining three months of 2012-13. In a recent report, the research body said the refiners may process around 18.5 million tonne of crude oil in each of the remaining months of fiscal 2012-13.
For t
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Infra sector may attract PE fund if govt takes steps
According to a report by consulting firm Ernst & Young, infrastructure sector may attract private equity (PE) funds if the government takes steps, both policy and administrative, to boost investment activity in the sector. In its recently released private equity annual report titled ‘Second Innings – An industry in transition’, the firm said
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IDBI Bank reduces interest rates by 25 bps
Effective February 1, IDBI Bank reduced its deposit and lending rates by 25 basis points after the Reserve Bank of India (RBI) cut policy repo rate and banks' cash reserve ratio (CRR). In its third quarter review of monetary policy, RBI cut repo rate by 0.25 per cent and slashed CRR by the same margin to inject Rs 18,000 crore of liquidity into the syst
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NHAI allows IDFC to pick up 74% stake in Delhi-Gurgaon e-way
The National Highway Authority of India (NHAI) allowed IDFC to pick up 74 per cent stake in the Delhi-Gurgaon expressway project from its original promoters. Following the acquisition of the controlling stake, IDFC, which is the leading lender to the project, is expected to manage the project efficiently to recover its inves
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NHAI keeps tabs on ongoing highway projects
Media reports suggest that the National Highways Authority of India (NHAI) is checking status of the ongoing highway projects with the project developers. The move by NHAI is intended to ensure that no more developer exit from his road project like the way GMR Infrastructure and GVK Infrastructure withdrew from their high profile projects recently
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ADB’s kudos to Bihar for road construction works
Asian Development Bank (ADB) has praised road construction work in Bihar and promised all assistance to the State government in its future projects. A lot of good work has been done in Bihar in the field of roads. ADB will provide all assistance to the government in further promoting good roads in the state, Widowati, Director, Transport & Communication division, South Asia department of ADB said. He was in Patna on January 31 for talks on new projects.
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15 firms bid for Mumbai’s Pedder Road flyover contract
In Mumbai, as many as 15 infrastructure companies have evinced interest in the controversial Pedder Road Flyover project and their representatives attended a pre-bid meeting held by Maharashtra State Road Development Corporation (MSRDC) on January 28.