In Kerala's capital Thiruvananthapuram, as part of the monorail project the 9.53-km stretch on the national highway linking the IT hub of Kazhakkoottam with Kesavadasapuram will be developed for four-lane traffic.
Author: admin (Infratructure Today)
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AP govt to buy solar power at Rs 6.49 per unit
The Andhra Pradesh government on April 23 fixed the benchmark price for purchase of solar power at Rs 6.49 per unit. The Cabinet Sub-Committee on Power fixed the benchmark price at its meeting. The State government has invited bids from interested parties for generating solar power in view of the unprecedented electricity crisis.
After Cabinet meeting the State Finance Minister Anam Ramanarayana Reddy said that the State hopes to finalise the bids within a month now that the price has been fix
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Govt to allow SEZs to operate in smaller areas
Now the Government has tried to revive investor interest in Special Economic Zones (SEZ) after slapping minimum alternate tax on them three years ago, which drove SEZ investors away. Now the government is striving to revive investors' interest by halving the minimum area requirement for multi-product and sector-specific zones and doing away with the condition totally for IT zones.
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Govt told to encourage retail participation in disinvestment
A Parliamentary panel has asked the government to promote retail participation instead of selling shares of PSUs to institutions through the Offer For Sale (OFS) route. The panel is unhappy with the present disinvestment procedure. The panel is not in favour of 'Offer for Sale' of shares route by promoters through Stock Exchange Mechanism, instead the government should look for market penetration and encourage retail investors.
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GMR Infra restructures energy vertical
GMR Infrastructure has reportedly restructured its energy business, which posted a net loss of 160 crore during Oct-Dec 2012 against a net loss of 84.3 crore a year ago, largely owing to fuel constraints. Until some time ago, there were no separate units for this segment, but now the company created several verticals so that complete responsibilities are on the head of th
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Kerala govt begins work on Rs 20 bn corridor project
Work on the Rs 2,000 crore coastal corridor project to link Vallarpadam with Kozhikode in Kerala began with the state Chief Minister Oommen Chandy inaugurating it recently. The corridor is expected to bring about tremendous development to the coastal belt and it involves upgradation of the existing Tipu Sultan Road
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Govt officials not in favour of limiting FII investment
Government officials are not in favour of the proposal of Reserve Bank of India (RBI) to restrict the investment of foreign institutional investors (FIIs) to the secondary market. At a recent meeting, Department of Economic Affairs Secretary Arvind Mayaram, discussed the issue with
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Kanpur airport to be connected with major cities
Kanpur (Ahirwan) Airport is poised for expansion. After the expansion, citizens of Kanpur can avail direct flights to Gujrat, Tamilnadu and Maharashtra. The airport will soon be extended as the land for it has been identified and soon the acquisition proceedings will be underway. According to Sub Divisional Magistrate, Kanpur, IP Uttam, the airport authority has identified a land of around 100 acres in Sheikhpur and Mavaiya villages.
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GMR competes for Filipino airport project
In the Philippines, India's GMR Infrastructure company is learnt to have filed qualification documents for a formal bid to develop 17.5-billion peso ($425 million) Mactan-Cebu International Airport project. The documents have been filed by GMR in a consortium with local Megawide Construction.
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Companies raise more funds via foreign bonds
Media reports indicate that Indian companies raised funds through bond issue almost three times more in Jan-Mar 2013 from the previous quarter. Data from an international media shows that Indian companies sold $6.3 billion of bonds abroad during Jan-Mar 2013, almost triple that of the previous quarter.
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