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Author: admin (Infratructure Today)

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Airports Authority of India launches a cargo subsidiary

Airports Authority of India launches a cargo subsidiary

State-owned airports operator Airports Authority of India (AAI) has launched a cargo subsidiary.
The company, to be called AAI Cargo logistics and Allied Services Company Ltd, will be 100 per cent owned by AAI. It will have an equity base of Rs 20 crore and staff strength of 60 people to begin with.

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Govt wins $1-bn cost dispute with RIL, BG

Govt wins $1-bn cost dispute with RIL, BG

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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India signs agreement with World Bank for Eastern DFC

India signs agreement with World Bank for Eastern DFC

A Guarantee Agreement for World Bank (IBRD) lending of $650 million to the Dedicated Freight Corridor Corporation of India Ltd (DFCCIL) for the Eastern Dedicated Freight Corridor-III (EDFC-III) Project has been signed between the Government of India and the World Bank in the national capital.