In the next three to four months, State Bank Of India, the country's largest lender, expects to restructure Rs 50-60 billion ($0.9-$1.08 billion) of loan. This information was given by the bank Chairman Pratip Chaudhuri while interacting with media persons. During January-March quarter, the bank restructured Rs 80.9 billion ($1.46 billion) in loans. The bank's total rest
Author: admin (Infratructure Today)
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SAIL may complete most of expansion project by end FY14
According to a news agency report, Steel Authority of India (SAIL) may complete major portion of its ongoing expansion project by March 2014. While presently the company has a production capacity of 13.82 mn tpa of hot metal, it aims to expand it to 19.5 mn tpa by the end of 2013-14. Since 2006-07, the company has been implementing its Rs 61,870 crore mega capacity expa
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NTPC added 4 gw capacity in FY13
State-run power producer NTPC added 4,170 mw of generation capacity during 2012-13 surpassing its earlier best capacity addition of 2,820 mw in 2011-12. The company currently has an installed capacity of 41,184 mw through 16 coal based, two solar renewable, seven gas or liquid fuel and seven Joint Venture power stations
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Cairn India expects 215,000 bpd output from Rajasthan block
Cairn India aims to achieve a production level of 200,000-215,000 barrels of oil per day (bpd) during 2013-14 from its Rajasthan block compared to the present production level of 175,000 bpd. The Vedanta group firm has 26 discoveries in the block with an in-place reserve of around 7.3 billion barrels of oil equivalent. The main producing areas in the Rajasthan block are the Mangala, Bhagyam and Aishw
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GPL to begin full-fledged operation soon
Gopalpur Port (GPL) would begin full-fledged operation within a month after rectification of defects, if any, following the test run, a top official of the port said. Since 2010, the port operation had been stopped for its upgradation to an all weather port. Before 2010, the port, located at Arjeepalli was functioning as a seasonal port
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Kolkata’s Noapara metro opening likely by month’s end
As soon as clearance is received from the Commissioner of Railway Safety (CRS) Metro Railway plans to run 25 pairs of trains to and from the Noapara station in north Kolkata. Officials have already approached the CRS and urged him to carry out the mandatory inspection so services may start from the end of this month.
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Banks to fund road projects if NHAI readies 80% land
If the National Highways Authority of India (NHAI) made available at least 80 per cent of the land for public-private partnership (PPP) road projects, banks can now start lending. Till now, banks had been insisting that the developers take complete control of the land before getting funds.
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NHAI wants PMO’s help to save relinquished road projects
The Prime Minister's Office help has been sought by the National Highways Authority of India (NHAI) for salvaging projects abandoned by the developers and starting those projects that have found no takers till now. The Authority's missive comes even as the government has deferred a much-awaited decision to resuscitate stalled highway projects by allowing an easier exit option for road developers.
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Vinci Construction in talks to acquire Indian road concessions
FranceĂâs Vinci Construction India head Thomas Bigueure, has said that the company is in talks with at least one infrastructure firm to acquire its concession. He added that the company is looking at acquiring the concessions of those developers who are looking to exit from road projects. It is an indication of revival of interest in Indian roads sector.
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Govt asks developers to complete housing projects
Private developers who are delaying the construction of affordable housing units in Jaipur received a warning from the state government's urban housing and development (UDH) department. The developers were asked to complete the project by end of July or else lose the security money. The department said it would transfer the security money to Jaipu