In Bangalore, the MG Road boulevard which is being reconstructed by Bangalore Metro Rail Corporation (BMRCL) will be thrown open to public by the end of this April. The boulevard with two-tier walkway is receiving finishing touches with inspection and maintenance checks being carried out by engineers and BMRCL authorities.
Author: admin (Infratructure Today)
Post
Post
Gammon gets financial closure for 5 road projects
Gammon Infrastructure Projects has received financial closures for five road projects spread across different states. The company received a total grant of over Rs 1,000 crore for these projects, according to Parag Parikh, ED and CFO, Gammon Infra. The five road projects include Yamunanagar-Panchkula in Haryana, Patna-Buxar in Bihar, Sidhi-Singrauli in Madhya Pradesh, Birmitrapur Barkote in Orissa and Vijayawada Gundugolanu in Andhra Pradesh.
Post
Ernakulam-Kayamkulam line doubling to be over by 2014
The rail line doubling work of Ernakulam-Kayamkulam line through Kottayam and Alappuzha will be over by 2014-15. Minister of State for Railways Adhir Ranjan Chowdhury has said that the work is going on as per the revised schedule and this was the first time that the Railways is providing Ãâcommitted fundsÃâ for track doubling in the busy corridor.
Post
South Eastern Railways’ freight traffic up by 6.26%
South Eastern Railways' (SER) total originating freight traffic has been boosted thanks to a jump in movement of iron ore for domestic customers in 2012-13, over 2011-12. South Eastern Railway is a major iron ore loading zonal railway.
Post
CCI clears Rs 740 bn worth investment so far
Since the setting up of the Cabinet Committee on Investment (CCI) in January 2013, mega projects worth a total of Rs 74,000 crore, have been cleared by the body. These projects were stalled because of lack of statutory clearances. Many projects in the oil and gas sector, with a cumulative investment of $13.42 billion, were held up because of of objections raised by the Defe
Post
2012-13 sees Rs 60 bn worth of IPOs
During 2012-13, a total of 10 companies raised a cumulative Rs 6,059 crore through initial public offerings (IPOs), data available with the stock exchanges show. This is a marginal rise of 4 per cent from the previous year, when 33 companies had together mopped-up Rs 5,808 crore. This is a far cry from a total of Rs 33,183 crore raised through IPOs in 2010-11 by 52 fir
Post
Infrastructure sector faces funding constraints
Industry players complain that most sources of funding like private equity, capital market, bond issue, bank credit for infrastructure companies have dried up because of high risk perception in the sector. According to Suneet Maheshwari, MD & CEO, L&T Infrastructure Finance, private equity has been scarce and the capital market does not favour infrastructure comp
Post
Suzlon’s arm issues $647 million worth bonds
According to a company press release, the Dutch unit of Suzlon Energy, AE Rotor Holding BV, issued $647 million worth of bonds in order to reduce debt. The company would utilise the fund to repay loans as part of a debt restructuring deal with its creditors. Specifically, the proceeds of the bond sale would be used to refinance existing dollar-denominated foreign curre
Post
Global firms may operate new airports at two metros
The Union government is considering giving the management control of the new Kolkata and Chennai airports, built by the Airports Authority of India, to global operators through a competitive bidding process.
The Union Civil Aviation Minister Ajit Singh said on March 26 that the AAI could set up joint ventures with major foreign airport operators to carry out operations and management of these two crucial metro airports.
Post
Avail AirAsia’s cheap tickets to South East Asian cities
Malaysian budget carrier AirAsia has opened bookings for two million seats between April 2 and 7, 2013 offering air tickets as cheap as Rs 3,300 to South East Asian destinations for travel next year. One can fly from Kolkata to Bangkok for all-in-fare of Rs 3,300, Chennai to Bangkok for Rs 3,500, Bangalore to Kuala Lumpur for Rs 5,500, Kolkata to Kuala Lumpur for Rs 5000, Kochi or Chennai to Kuala Lumpur for Rs 4500 and from Tiruchirapalli to Kuala Lumpur for Rs 4000, a statement by the budget c