The Central Government is contemplating roping in private companies to accelerate construction of irrigation networks like canals and dams across the country.
Author: admin (Infratructure Today)
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Rail freight rate hike
The Railways' decision for a more than 15 per cent across-the-board hike in freight rates hit hard on the industry at the time of high inflation.
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Mining royalty rate hike sought
Orissa Chief Minister, Naveen Patnaik sought a level playing field by urging the centre for an upward revision of mining royalty rates and a ban on ore exports.
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Cabinet nod for raw materials policy
The Cabinet approved a new policy allowing the acquisition of raw material assets outside India by state-owned companies with a three-year record of making profits, delegating moÂre powers for such buyouts to the boards of maharatna and navaratna public sector companies.
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Mah offers sops to port, cargo proj
In order to boost investment in small port, multi-purpose jeÂtty and cargo terminal proÂjects, the Maharashtra goveÂrÂÂnÂment has granted an eight-year holiÂday on non-agriculture (NA) tax and exempted NA cleaÂÂÂÂrance norms of land acqÂuiÂsition for the projects.
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REC plans Rs 1,000 cr infra bonds
Rural Electrification Corporation (REC) plans to raise Rs 1,000 crore by issuing tax-saving infrastructure bonds in the current financial year.
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GMR to raise Rs 6,000 cr
GMR Infrastructure is planning to raise around Rs 6,000 crore over the next six months through domestic loans for a mega highway project.
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ABFS eneters infra funding
Aditya Birla Financial Services (ABFS)is foraying into infrastructure financing. The new firm will have an operational structure similar to IDFC.
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India to attract $80 bn FDI
India could attract $80 billion in foreign direct investment (FDI) in the coming two years, according to a research report by Morgan Stanley. India received $48-billion FDI in the last two years.
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Infra firms feel the heat of interest cost
High interest costs could take a toll on the overall profitability of infrastructure companies. High interest rates and some other problems connected with land acquisition and inflation levels add to the troubles.