Suratgarh Bikaner Toll Road Company, which is a subsidiary of MBL Infrastructures, achieved financial closure for two laning of Bikaner-Suratgarh section in national highway (NH)-15 in Rajasthan. The company would execute the project on design, build, finance, operate and transfer (DBFOT) basis. A consortium of five public sector banks agreed to provide debt for the project. MBL Infrastructure has both engineering, procurement and construction and build-oper
Author: admin (Infratructure Today)
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Aranmula airport project gets green nod
KGS Aranmula International Airport, which is building a Rs 2,000-crore green field airport at Pathanamthitta in Kerala, may restart construction work on the project following the verdict of the National Green Tribunal, Chennai. The tribunal dismissed a petition challenging various decisions related to the project. The decision includes indu
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Board of IDFC decides to foray into banking
Rajiv Lall, Executive Chairman of IDFC informed that the board of the infrastructure finance company decided to go ahead for a banking license. IDFC is an infrastructure financing non-banking financial company (NBFC). According to analysts, NBFCs stand a brighter chance to get a bank license from the Reserve Bank of India (RBI)
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Net profit of Andhra Bank rises
During Jan-Mar 2013, the net profit of Andhra Bank rose 1.5 per cent to Rs 345 crore compared from Rs 340 crore in the year-ago period. The state-run bank posted 15 per cent growth in total income at Rs 3,713 crore compared to Rs 3,229 crore in the corresponding period last year. While net interest margin was in the range of 3.04 per cent, the bank posted 17 per cent and 18.4 per cent grow
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Govt takes steps to boost cargo volume
Union Minister for Shipping GK Vasan informed the Rajya Sabha that the government took some steps to boost cargo handling in major ports. These include construction of new berths and terminals to enhance port capacity to minimise pre-berthing detention time and reduce turnaround time of vessels calling on the
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Govt takes steps to boost cargo volume
Union Minister for Shipping GK Vasan informed the Rajya Sabha that the government took some steps to boost cargo handling in major ports. These include construction of new berths and terminals to enhance port capacity to minimise pre-berthing detention time and reduce turnaround time of vessels calling on the
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Govt takes steps to boost cargo volume
Union Minister for Shipping GK Vasan informed the Rajya Sabha that the government took some steps to boost cargo handling in major ports. These include construction of new berths and terminals to enhance port capacity to minimise pre-berthing detention time and reduce turnaround time of vessels calling on the
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2005 tariff regime discourage efficiency
Industry observers opine that the tariff regime of the Tariff Authority for Major Ports (TAMP) does not reward efficient performance of port operators or terminal operators. They point out several lacunae in the tariff regime of 2005, the main ones being that operational efficiency is penalized. In other words, if a terminal loads more than the projected cargo volumes, it will lead to a reduction in rates
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2005 tariff regime discourage efficiency
Industry observers opine that the tariff regime of the Tariff Authority for Major Ports (TAMP) does not reward efficient performance of port operators or terminal operators. They point out several lacunae in the tariff regime of 2005, the main ones being that operational efficiency is penalized. In other words, if a terminal loads more than the projected cargo volumes, it will lead to a reduction in rates
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Muted response to bond issues attributed to weak mkt condition
Union Shipping Minister GK Vasan informed Lok Sabha that some ports in the country received muted response for their tax-free bond issues mainly on account of weak market sentiments and low coupon rates. While Jawaharlal Nehru Port (JNPT) wanted to raise Rs 2,000 crore through issue of tax-free bonds, the actual subs