Reports suggest that the union government is facing difficulty in attracting private investment in port projects. It is learnt that projects in Visakhapatnam, Chennai and Tuticorin Port Trusts have not seen a single bid coming in from the private sector in the last
Author: admin (Infratructure Today)
Post
Post
ILFS arm signs pact with NHAI
According to a filing with the stock exchange, IL&FS Transportation Networks signed a Concession Agreement with National Highways Authority of India (NHAI) for four laning of Khed - Sinnar Section of NH-50 under Phase IV B in Maharashtra. The firm would execute the project on DBF
Post
Developers bid aggressively for EPC projects
National Highways Authority of India (NHAI) offered five of the six road projects awarded in April 2013, covering a total length of 339 km, under the engineering procurement construction or (EPC) mode. The authority awarded the remaining one project on the BOT-toll (build operate transfer) model, the predominant format under which projects were being offer
Post
GMR to cut debt via sale of road assets
In order to reduce its debt, GMR Infrastructure is in the process of offloading stake in some of its toll road projects. The company is reportedly in talks with potential investors such as Morgan Stanley Infrastructure Fund, Citigroup Venture Capital, SBI Macquarie and ICICI Venture to raise about Rs 1,800 crore through the stake sale
Post
Kerala govt to give more sops for coastal shipping
Kerala Chief Minister Oommen Chandy informed that the state would be willing to make further changes to make the financial incentive scheme more useful for the players in the coastal shipping sector. It may be noted that the state government is the first to introduce financial incentives for water transport, by giving a subsidy of Rs 1 per tonne for cargo mov
Post
TECA wants govt to allot land for solar projects in industrial estates
Tamil Nadu Electricity Consumers Association (TECA), Coimbatore requested the state government to allot land in each of the proposed industrial estates for solar power generation. It may be noted that the state government proposed to set up new industrial estates in the southern districts. D Balasundharam, President of TECA pointed out that these industrial estates would have electrical sub-stati
Post
Assam gets Rs 125 bn outlay for FY14
For the financial year 2013-14, Assam received a plan outlay of Rs 12,500 crore which was cleared by the Planning Commission. This is 19 per cent higher than the allocation of Rs 10,500 crore in 2012-13. The outlay was agreed at a meeting of Assam Chief Minister Tarun Gogoi with Planning Commission Deputy Chairman Montek Singh Ahluwalia.
Post
SKS regains financial health
In 2013-14, the country's listed microlending institution SKS Microfinance expects to achieve a loan disbursal of Rs 4,800 crore, which is 50 percent more than last year. In 2012-13, the firm lent Rs 3,200 crore. The company has regained its financial position which deteriorated in the wake of the crisis in the indus
Post
Net profit of HDFC rises 17%
Net profit of the Housing Development Finance Corporation (HDFC) rose 17.27 per cent to Rs 1,555 crore during Jan-Mar 2013 quarter on a standalone basis. The financial institution attributes the growth in profit to rising loan book and maintaining of margins. Net interest margin of the company was 4.2 per cent while the spread was 2.3 per
Post
RBI fixes credit-deposit growth target for J&K
Addressing a special meeting of J&K state level bankersĂâ committee (J&K SLBC) at SKICC, Reserve Bank of India (RBI) Governor D Subba Rao fixed a target of achieving 4 percent growth in credit deposit (CD) ratio across the state and across the banks during 2013-14. According to the fresh target the present percentage would rise from 36 percent to 40 percent by end of March 2014