Adani Group may end its long wait for a port facility in the north coastal region of Andhra Pradesh if it emerges successful in a competitive bid next month.
Author: admin (Infratructure Today)
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Major ports handle 603.37 mt in FY16 | Govt
Total cargo handled by major ports increased by 4.3 per cent to 606.37 mn t last fiscal as against 581.34 mn t in 2014-15, Parliament was informed.
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Adani Ports | High debt a key concern
The 12 per cent fall in Adani Ports and Special Economic Zone´s stock is the firm´s single largest decline in the past two years. It came on the back of research houses like Citigroup downgrading the stock from ´buy´ to ´neutral´ following a sharp increase in net debt, loans and advances.
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India´s Achilles heel is lack of spectrum
It is not unusual among developing countries, to find that Internet usage lags behind mobile take-up. India suffers in the sense that, as a huge country with significant usage of local languages, it relies primarily on terrestrial networks for delivery of service, which tend to be more expensive to provide than submarine networks.
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Technology should have a social and economic impact
The government is planning to take the National Fibre Optic Network to 250,000 village panchayats. Overall there are 650,000 villages, the last-mile connectivity being the ultimate challenge. We have suggested the White-Fi technology, which basically uses the unused TV spectrum and enables various kinds of devices to be connected to the Internet.
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We are cautiously optimistic about a positive future
At IRClass, in the last 12 months, we have seen growth in our top line. However, the global slump in oil prices, the dip in offshore productions, China´s slowdown, and India´s mining crisis, have inevitably resulted in pressure on industry revenue streams.
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We need an integrated approach towards capacity addition, hinterland connectivity
For a country of Indias size and complexity, where 95 per cent of trading by volume and 70 per cent by value is done through sea, it is very important to develop a sustainable maritime transportation system for economic growth and inclusive development.
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Rel Infra looks to divest toll road assets by Sept
The Anil Ambani-led Reliance Infrastructure Ltd. is contemplating selling its 11 toll road assets to an overseas buyer for $1.5 billion. The company revealed that the deal would go through by September 2016.
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Essar Shipping Q4 net loss narrows
Essar Shipping said its consolidated net loss narrowed to Rs.151.66 crore for the quarter ended March 31, 2016. The firm had posted a net loss of Rs.159.69 crore in the year-ago period, it said in a filing.
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Andhra Pradesh sets up urban infrastructure asset management firm
In order to establish an urban infrastructure financing mechanism and to attract investment for financing and management of the urban infrastructure projects in the state, the AP government, along with IL&FS, has set up AP Urban Infrastructure Asset Management Limited (APUIAML).