In a major initiative, railway stations and adjoining areas will be redeveloped on ´Smart City lines´ for enhancing passenger amenities, easy access to stations and enabling optimal utilisation of land at railway stations.
Author: admin (Infratructure Today)
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Guj attracts major export earnings
Gujarat, widely acknowledged as the most business-friendly state in India, figures among the top five states that account for 69 per cent of the country´s total export earnings.
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GMR: Maldives ordered to pay $270 million for axed airport contract
GMR Infrastructure Ltd has said that an international tribunal had ruled the Maldives government should pay it $270 million in compensation for cancelling a contract to modernise and run the archipelago´s main airport.
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Air India taps LIC for Rs.10,000-cr loan
Air India is in talks with Life Insurance Corporation of India for a loan of up to Rs.10,000 crore to help finance the acquisition of six Boeing 787 and three 777 aircraft.
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Govt wins $1-bn dispute with RIL, BG over offshore cost recovery
The government has won a major portion of the $1 billion arbitration with Reliance Industries and British firm BG Group over recovery of cost in western offshore Panna/Mukta and Tapti oil & gas fields.
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Adani Ports´ standalone net profit dips by 13.48%
Adani Ports and Special Economic Zone (APSEZ) reported a 13.48 per cent drop in standalone net profit for the quarter ended September 30, 2016.
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DFC: India inks agreement with WB
A Guarantee Agreement for World Bank (IBRD) lending of $650 million to the Dedicated Freight Corridor Corporation of India Ltd for the Eastern Dedicated Freight Corridor
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HDFC raises Rs.500 cr via masala bonds
Mortgage lender HDFC has said that it has raised Rs.500 crore through rupee-denominated bonds from overseas investors.
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Cairn India to invest $100 mn in Rajasthan
Cairn India, a Vedanta group company, would be investing $100 million (Rs.67,000 crore) this year, with focus on its Rajasthan gas fields.
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Essar Power resumes generation at Hazira plant
Essar Power has said that it has resumed operations at its 500 MW gas-based plant in Hazira, Gujarat.