The Centre plans to double the number of airports in the country over the next two to three years to serve the largely untapped domestic aviation industry which has seen an increase in passengers, Minister of State for Civil Aviation, Jayant Sinha has said.
Author: admin (Infratructure Today)
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Peripheral E´way to ease Delhi´s traffic woes
Minister of State for Road Transport and Highways Pon Radhakrishnan has informed the Lok Sabha that to decongest traffic in Delhi, a ´Peripheral´ Expressway in two parts was under implementation.
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SBI to raise Rs.5,000 cr in FY17 for infra, affordable housing
The country´s largest lender SBI will raise Rs.5,000 crore to fund infrastructure and affordable housing during the fiscal by issuing long-term infra bonds. The bank has been accorded approval from the Executive Committee of its Central Board. ´
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OVL to provide $318 mn financing guarantee to Venezuela
ONGC Videsh Ltd will provide $318 million financing to help raise output at a Venezuelan oilfield after the nation signed a pact to supply 17,000 barrels per day of crude oil to India to clear past dues.
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Foreign funds allowed to bid for Toll-Operate-Transfer projects
The Centre has approved the monetisation of public funded, operational National Highway projects that are generating toll revenue for at least two years after start of operations through the Toll-Operate-Transfer Model.
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Allcargo Q2 gross profit dips by 2percent to Rs.452 crore
Allcargo Logistics Ltd has announced its unaudited financial results for the quarter ended September 30, 2016.
Total revenue from operations was Rs.1,410 crore for the quarter ended September 30, 2016, as compared to Rs.1,456 crore for the corresponding previous period, a decrease of 3 per cent.
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Air India posts Rs.246 crore loss in April-June quarter
Air India has reported an operational loss of Rs.246.14 crore in the three months ended June 2016. The airline had turned operationally profitable in the previous fiscal. The operating loss in the first quarter of this fiscal has come down from Rs.315.37 crore in the year-ago period.
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International Gas Union showcases crucial role of gas in energy policy
The International Gas Union, the global voice for the natural gas industry, has issued a new report outlining the essential role of natural gas in global energy policy. The findings have significant implications for India, and its desire to tackle growing air quality issues in a sustainable and economical manner while meeting its commitments towards climate change
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India Grid Trust to go in for IPO
India Grid Trust has filed its draft red herring prospectus with SEBI for a proposed IPO of Rs 2,650 crore. The investment trust, sponsored by Sterlite Power Grid Ventures Ltd, owns inter-state power transmission assets in India.
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Coal India finds no takers for imported supplies
Minister of State for Coal, Power, Renewable Energy and Mines Piyush Goyal has said that no thermal power plant/coal company has approached CIL (Coal India Ltd) for supply of imported coal for 2016-17.