With the Indian Economy still being in growth trajectory, the country faces acute gridlock in its rail transport. The massive upgradation and expansion of railways is not only critical input needed to stay at the desired growth but the act of massive investment in railways itself will be a propellant for further uplifting the inclusive growth of the economy, writes Mohit Sinha.
Author: admin (Infratructure Today)
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Cost escalation ruins infra firms' hope
The rising finance cost has eaten into the profit margins of major infrastructure firms in the first half of the current fiscal year. Infrastructure companies have witnessed a sharp increase in their finance cost during April-September 2012. An analysis of the financial statements of 16 infrastructure firms shows financial cost going up because of huge debt, tight monetary policy and high risk perception.
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Restructuring must be done only when viability is not in question
Rather than having viability problems, infrastructure projects are typically “front-ended”, so it is often the mismatch between the lending and the project’s revenue-making tenures that lead to an increased likelihood of restructuring, says Arundhati Bhattacharya, MD & CEO of SBI Capital Markets in an interaction with Sumantra Das.
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Risk Management: Mitigating delivery flaws
Infrastructure projects, by their very nature, are long duration and capital intensive. Keeping in mind the nature of infrastructure projects, both the companies and governments involved in the development of infrastructure have to devote significantly high investments, and human and technical resources.
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Caterpillar: Works well for Modern Rocks
Success in quarrying relies heavily on the right kind of excavator, which is robust and can withstand extremely tough applications. Nobody understands this better than Manesh Thomas, Owner of Modern Rock Mining Industries. "I started the quarry business in 1992 with Modern Rock Mining Industries. Prior to mechanization of the quarry operations, I had close to a hundred staff running the quarry."
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Felicitating industry leaders
Over the last fiveyears there has been increased private sector participation in infrastructure via Public Private Partnerships (PPP), and as an objective but active participant in documenting this growth, Infrastructure Today established the InfrasÂtructure Today Awards in collaboration with KPMG. It is our endeavour to applaud and recognise partners in the nationÂ’s growth through partnerships, a mode that has caught the fancy of the nationÂ’s policymakers, owÂners and developers.
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The performer
S. Varadarajan is the Executive Director and Group CFO of VA Tech Wabag, an Indian multinational headquartered in Chennai with presence in 22 countries. Varadarajan is an Associate Member of the Institute of Cost and Works Accountants of India and the Institute of Company Secretaries of India with 24 years experience.
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Passionate leader
Khaled Salmeen Al Kawari is CEO and Managing Director – Industrial Zones in Abu Dhabi Ports Company with a responsibility to lead the development of the multi-billion dollar Khalifa Industrial Zone Abu Dhabi (Kizad). A registered Project Management Professional with the Project Management Institute, Al Kawari’s professional career has covered a number of sectors including energy, utilities, infrastructure, petrochemicals and power.
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Construction chief
Pravin Patel is the Non-Executive Chairman of Patel Engineering. He has gradÂuated in Town Planning from USA and also studied Financial Management from the London School of Economics. He is the son of Arjun Patel, one of the initial promoters and has a wide expeÂrience of more than 45 years in financial management, town planning, architecture, etc. Under his vision and erudite leadership the company has acquired immÂense reputation as an engineering company.
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Corporate planner
Divakar Marri is the Head - Corporate Planning & Program ManaÂgement (PMO) in Ramky Infrastructure Limited (RIL) since 2005. Divakar is a certified Strategic ManaÂgement Professional namely from Indian Institute of Management, Calcutta, India, Project ManaÂÂgement Professional (PMP) from Project Management Institute,