The Gujarat government has signed a memorandum of understanding (MoU) worth Rs 67,000 crore with the National High Speed Rail Corporation Limited (NHSRCL) during the Vibrant Gujarat Global Summit for component manufacturing for the Ahmedabad-Mumbai bullet train project.
Author: admin (Infratructure Today)
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Patna Metro | Bihar to seek in-principle approval
State Urban Development and Housing Minister Maheshwar Hazari will meet Union Urban Development Minister Venkaiah Naidu to discuss the contours of the Patna Metro project. Hazari is also likely to seek the CentreĆās in-principle approval to begin work on the much-awaited project.
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Mitsubishi Corp launches energy storage demonstration project in Delhi
Mitsubishi Corporation has reached a basic agreement with AES Corporation and Tata Power Delhi Distribution Limited (TPDDL), which distributes electricity in northern and north-western Delhi, to develop an energy storage demonstration project in India. The project will be concentrated in the grid sectors operated by TPDDL.
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India’s domestic air traffic up 22.3percent in Nov
India's domestic air passenger traffic grew by 22.3 per cent in November 2016, topping the growth chart worldwide for the 20th straight month while there was little sign of demonetisation having any immediate negative impact on passenger numbers, according to IATA.
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IL&FS venture bags Chennai Metro deal
IL&FS Transportation Networks in a joint venture with PJSC Kyivmetrobud has bagged the Rs 371.22-crore Chennai Metro Rail Ltd (CMRL) contract for design validation and construction of underground stations.
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Ezyhaul gets $840k seed funding
Start-up Ezyhaul has raised roughly $8,40,000 in seed funding to expand its market presence this year. The Singapore-based firmĆās investment came from a group of logistics industry leaders it has declined to name.
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Coal India close to achieving e-auction target for FY17
Coal India has almost achieved its e-auction target for the current fiscal, and is looking at offering additional supplies.
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ICRA launches new credit rating system for infrastructure
Rating agency ICRA Ltd has announced the countryĆās new credit rating system for the infrastructure sector, in line with the announcement made in the Budget 2016 document.
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BPCL raises $600 million through bond sale
BPCL has raised $600 million by selling 10-year dollar bonds to investors in Asia and Europe. BPCLĆās Singapore arm BPRL International Singapore Pte Ltd raised the money at 200 basis points above the 10-year US treasury which came to around 4.375per cent. The bond was raised at a rate which is among the best in 10 years. This issue is also expected to open the door for more Indian companies to raise money.
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Petronet LNG expects 40% capacity utilisation at Kochi terminal by 2019
Petronet LNG expects its 400-km pipeline connecting the Kochi LNG terminal in the south to industries further north to be ready in two years, according to Managing Director Prabhat Singh. Petronet LNG is IndiaĆās biggest gas importer.