During Jan-Mar 2013, the net profit of Reliance Infrastructure (R-Infra) grew a whopping 76 per cent to Rs 725 crore from Rs 411 crore in the year-ago period. However, the firm's total income from operations declined 15.3 per cent to Rs 6,187 crore from Rs 7,135 crore in the same quarter of 2011-12. The decline in incom
Author: admin (Infratructure Today)
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Experts suggest India to attract Chinese funds for infra projects
Some experts suggest that India may attract the huge foreign exchange reserves of China, estimated to be about $3 trillion, towards its infrastructure sector. Experts suggest the Indian government to attract foreign direct investment (FDI) from China into the infrastructure sector, which needs $1 trillion funding during
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AAI to build wall around its 2.5 acres land in T’puram
A vacant land belonging to the Airports Authority of India (AAI) in Thiruvananthapuram will be secured with a compound wall. AAI has decided to construct a wall around 2.5 acres of land belonging to them in the south-eastern side of the Trivandrum International Airport, near the Arattu gate. The vacant plot is currently being used to park trucks belonging to a private cement company and as a playground by the children in the neighbourhood.
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Kozhikode civic body gives land for road projects
Following request from concerned authorities, the civic body of Kozhikode is taking steps to hand over land for to the Public Works Department for the improvement of roads. Roads in the city would be upgraded under the Kozhikode City Road Improvement Project (KCRIP). For this purpose, the coordinator of KCRIP requested the Kozhikode corp
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Infra firms seek independent regulator for PPP projects
Reports indicate that infrastructure firms and lenders to the sector requested the government to set up an independent regulator to deal with uncertain events in the execution PPP projects. Firms and lenders want the proposed regulator to have powers to make the current agreements of the Public Private Partnership (PPP) projects more flexible to deal
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IAML signs pact with 8 banks on acquiring infra loans
IL&FS Infra Asset Management (IAML), an Asset Management Company (AMC) signed a Memorandum of Understanding (MoU) with eight Public Sector Banks (PSBs) for acquisition of infrastructure loans. IAML was promoted by IL&FS Financial Services (IFIN) to manage the IL&FS Infrastructure Debt Fund (IIDF
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To maintain output, Cairn India mulls 48 more wells
In order to maintain the current peak production level, Cairn India plans to drill 48 wells at a cost of less than $100 million on the Mangala oilfield in its Rajasthan block. Mangala is the biggest among the 26 oil and gas discoveries Cairn has made in the Barmer basin block in Rajasthan
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Board of Chennai port clears plan to conduct fresh bidding
It is learnt from media reports that the board of trustees of the Chennai port approved a proposal to conduct fresh price bidding from pre-qualified bidders for the Rs 3,686 crore container terminal project. The move comes after the central government allowed Adani Ports and Special Economic Zone (APSEZ), IndiaĂâs biggest private port operator, to partic
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Bridges to connect Goshree Islands in Kochi: CM
For constructing four bridges connecting Goshree Islands in Kochi, the Kerala government has given its in-principle nod, said the State Chief Minister Oommen Chandy in the city on May 12. He was speaking after inaugurating the newly-constructed office building of Goshree Islands Development Authority (Gida) and the inland water transport terminal.
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Coir to be used in road construction in rural India
The government has taken initiative to use coconut fibre or coir in the road construction activity. The National Rural Roads Development Agency (NRRDA) has approved Central Coir Research Institute (CCRI) as a nodal institute for application of coir geotextiles in construction of rural roads.