Bharti Airtel has entered into an agreement with Helios Towers Africa (HTA) for divestment of about 950 towers in the Democratic Republic of Congo (DRC). The deal will help Airtel deleverage through debt reduction and reduced capital expenditure, though the size was not disclosed.
Category: ECONOMY & POLICY
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Cabinet nod for rail infra projects
Railway projects worth Rs.10,736 crore were cleared by the government for improving infrastructure in various states, including Uttar Pradesh and Gujarat that go to polls next year.
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Farmers to renew agitation
A farmers group from Marathwada has threatened to renew protest to press for the release of compensation for farmers, whose lands have been used for raising electric towers.
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Andhra Pradesh sets up urban infrastructure asset management firm
In order to establish an urban infrastructure financing mechanism and to attract investment for financing and management of the urban infrastructure projects in the state, the AP government, along with IL&FS, has set up AP Urban Infrastructure Asset Management Limited (APUIAML).
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´Port investments can add 1.4% to GDP growth´
Investments in setting up ports and large industrial cities near them can help push economic growth by up to 1.4 percentage points, Niti Aayog CEO Amitabh Kant has said.
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118 modernisation projects approved
118 projects of port modernisation, worth Rs.53,354 crore have been approved/awarded in the first five years of the 12th Five Year Plan.
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K´taka clears Rs.3,028 cr projects
The state-level single window clearance committee in Karnataka has cleared 42 projects worth Rs.3,028 crore, with employment potential for about 7,114 persons.
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Rural road target an uphill task for Odisha
After reducing the deadline for completion of rural roads under the Pradhan Mantri Gram Sadak Yojana (PMGSY) by three years from 2022 to 2019
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Rs.8,000 cr likely investment, and we are counting on more
It has been proved again that Maharashtra is the most preferred destination for investment. And in the Make in India week, everyone could see that out of the total Rs 15 lakh crore worth memorandums of understanding signed, more than Rs 8 lakh crore were signed by the Government of Maharashtra.
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EPC contracts: a bird’s eye-view
India, being one of the major developing economies, has seen significant growth in the infrastructure sector in the last few years. Such infrastructure projects usually require expertise and specialised resources in specific arenas within the project, mooting for the parties to enter into Engineering Procurement and Construction (EPC) contracts.