The Reserve Bank of India (RBI) has decided to allow eligible non-resident investors to invest, on a repatriation basis, in rupee and foreign currency denominated bonds issued by the Infrastructure Debt Funds (IDFs) set up as non-banking financial companies.
Author: admin (Infratructure Today)
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$75 bn investment in oil & gas sector in 2012-17
India expects Rs 3.90 trillion ($75 billion) to be invested in its oil and gas sector from April 2012 to March 2017. The development plan incluÂdes exploration, production, reÂfining, marketing, storage,
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Piramal, IDFC, SNC-Lavalin JV
Ashok Piramal Group, IDFC Project Equity Fund and Canada's SNC-Lavalin Group have entered into a joint venture agreement to develop road and highway projects in a public-private partnership across the country.
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Fin Min increases FII limit
The Union Ministry of Finance has decided to increase the current limit of Foreign Institutional Investors' (FIIs) investments in government securities by $5 billion raising the cap to $15 billion.
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CM's initiative on Mumbai water transport project
The Chief Minister has directed the Maharashtra State Road Development CorporaÂtion (MSRDC), the state's noÂdal agency for carrying out infrasÂtructure projects, to undÂertake detailed studies on water transÂport
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8 inter-city rail lines to NCR
Eight inter-city rail corriÂdÂors in National Capital Region (NCR) are required to facilitate commuters as per a study report. The total cost of the rail link covering a distance of 640 km has been estimated at Rs 1,41,470 million.
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HCC, associates secure mega order
Hindustan Construction Company (HCC) in a joint venture with DSD Brouckenbau GmbH, Germany and VNR Infrastructures, has bagÂged a Rs 987-crore order from the Northeast Frontier Railway to construct a rail-cum-road briÂdge
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MICT handles largest ship to call Indian port
The Mundra International Container Terminal (MICT) operated by DP World, witnessed the berthing of the largest ever container vessel to call any port in India.
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Kandla port to hike capacity
The Shipping Ministry has initiated the upgradation of Kandla Port under the public private partnership (PPP). The work involves construction of three additional berths at an estimated cost of Rs 544 crore.
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VO Chidambaranar Port facility dedicated to nation
GK Vasan, Union Minister of Shipping, dedicated the 12.80 m draught facility for berthing of Panamax vessels to the nation at a function organised by V.O.Chidambaranar Port in Tuticorin.