Indian Oil Corp (IOC) failed to award a tender to buy 120,000 tonnes of diesel for 1-3 April delivery as traders, expecting higher offers from quake-hit Japan, did not submit price bids.
Author: admin (Infratructure Today)
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Power packed investments for TN
Electricity sector leads the proposed investments in Tamil Nadu with Rs 258,849 crore, out of a total of over Rs 3.13 lakh crore.
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Waterways for coal transport
NTPC has tied up with Inland Waterways Authority of India (IWAI) to ensure smooth transportation of coal for the Farraka and Khelgaon projects as the railways network is congested and coal supply can be augmented through use of waterways given that the plants are situated near the Hooghly and the Ganga.
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Hi-speed rail interests UK Co
UK firm Mott Macdonald will undertake a pre-feasibility study of the 993 km Delhi-Patna rail route as part of the government’s move to connect Patna with a high speed train.
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BSP bags Lankan rail orders
Bhilai Steel Plant (BSP), the flagship entity of the Steel Authority of India (SAIL), has bagged a fresh order of exporting rails to Sri Lanka.
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Broadband in 5 lakh villages in 18 months
The Telecom Ministry aims to provide rural wireless broadband connections to over five lakh villages in one-and-a-half years and will provide a subsidy to both state-owned and private service providers from the Universal Service Obligation Fund.
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Evolving PPP project predictability
The government is framing a national policy for public-private partnership (PPP) in infrastructure projects to elimiÂnate inconsistencies in the ruÂles and make infrastructure attÂracÂtive to foreign investment.
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Objecting 26 per cent profit to locals
The coal ministry has objecÂted to a proposal to make it mandatory for mining firms to contribute a portion of their profits towards local area develÂopment, as it will erode valuaÂtion of firms and dampen invesÂtor sentiment.
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Banks should increase their size to participate in the huge infra lending opportunities
Corporation Bank’s lending grew 30 per cent last year, and its confidence in infra-lending is evident. The high growth will continue, according to Chairman and Managing Director Ramnath Pradeep.
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Private Equity: Telecom's infra-sharing model can be replicated in other sectors
IDFC was established in 1997 to channel the private capital into the infrastructure sector, and IDFC Private Equity was established in 2002-3 to provide equity support to infrastructure sector.