Sembcorp Industries, a Singapore-based energy, water and marine group, has signed a conditional agreement to acquire 45 per cent stake in NCC Power Projects (NCCPP), which is currently building a 1,320-MW coal-fired power plant in Andhra Pradesh for Rs 848 crore. NCCPP is jointly owned by Gayatri Energy Ventures (GEVPL) and NCC Infrastructure Holdings (NCCIHL).
Author: admin (Infratructure Today)
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PMG clears hurdles in 84 mega projects
The Project Monitoring Group (PMG), attached to the Cabinet Secretariat, sorted out problems for some 84 mega projects totalling Rs 3.71 lakh crore investments in the past seven months since the inception of the group.
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Capital spend on roads in Mumbai increased
The Mumbai Municipal Corporation (BMC) has increased the capital expenditure on roads by almost 62 per cent to Rs 2,500 crore in 2014-15. However, it hopes to spend Rs 1,016 crore, or just about two-thirds of the budget estimate.
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Three states to sign MoU on tricity metro project
Punjab, Haryana and Chandigarh will sign a memorandum of understanding (MoU) related to the ambitious metro rail project.
Recently, all the three stakeholders had agreed upon the terms and conditions of the MoU and the approval of the same was conveyed to the government of India.
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Chennai Metro by Oct
After conducting successful trial runs, the Rs 14,600 crore Chennai Metro Rail Project is expected to commence commercial operations on its first line by the end of 2014, covering around 11 km between Koyambedu and St Thomas Mount. The state administration said the project was progressing well, and would ensure faster clearance from the Centre for the Washermanpet to Thiruvottriyur corridor, besides taking up the Detailed Project Report (DPR) for Phase II of the project.
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Vodafone-as green steps
Vodafone India has moved 265 towers onto green technology in financial year 2012-13, taking their total number to 2,700, according to the company. As per the report, Vodafone had 2,435 of its sites on green technologies out of 1,10,004 total mobile towers that company directly manages.
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Panel questions govt on PPP in running of IGI airport
A parliamentary panel has asked the government to explain whether public interest was being served by the private-public partnership (PPP) in the development and running of Delhi´s Indira Gandhi International airport. The Public Accounts Committee, in a latest report, virtually charged the government with enabling a private party (GMR) to benefit out of its partnership with state-run Airports Authority of India (AAI) to develop and manage the airport.
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A pivotal player
Taking the new responsibility of Director and Group Chief Executive Officer at Punj Lloyd, JP Chalasani is all set to prove his expertise and ability in handling challenging assignments once again. Joining Punj Lloyd from Reliance Power, Chalasani will work closely with the Chairman, Atul Punj and lead the entire management team from the company´s corporate headquarters in Gurgaon.
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Airtel restructures in Africa
Airtel has restructured its Africa operations into four business units and appointed key executives effective 1 April. The company will divide its operations in 15 countries into two groups, while keeping Nigeria and Congo DR as separate independent units. The heads of the business units will report to Christian de Faria who will take on the role of managing director and chief executive officer of Bharti´s Africa operations, according to the company.
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New DGH
BN Talukdar, Director for Exploration in Oil India (OIL), has been appointed the new Director General of Hydrocarbons (DGH). A petroleum engineering graduate from the prestigious Indian School of Mines, Dhanbad, Talukdar has been head of OIL´s exploration, development, reservoir management and drilling activities since December 2007. Prior to joining the Board, Talukdar held the post of Group General Manager (Geosciences) in the fields in the North-East India.?