The newly inaugurated Sewerage Treatment Plant (STP) in Koramangala and Challaghatta (K&C) Valley STP, whose treatment capacity is 60 Million Liters per Day (MLD) is expected to treat the sewerage generated by around 5 lakhs people in Bengaluru, and improve the sanitation and environmental condition of the rapid growing city.
Category: Infrastructure Finance
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Reliance Infra arm receives Rs 2,950 cr arbitrary funds
Delhi Airport Metro Express Private Limited (DAMEPL), a subsidiary of Reliance Infrastructure has been awarded compensation of Rs 2,950 crore by a three member Arbitral Tribunal, a company statement said.
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MEP Infra receives date for Talaja-Mahuva Hybrid Annuity project
MEP Infrastructure Developers Limited has been given April 25, 2017, as the Appointed Date for its Hybrid Annuity project in Gujarat (the Talaja-Mahuva section) in accordance with the Concession Agreement executed with the National Highways Authority of India (NHAI). The project is a part of the Bhavnagar-Veraval stretch.
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Timely Fixes
Historically, infrastructure projects in India have been funded on a mix of debt and equity. The current trends suggest so. Over the past 15 days, as many as three initial public offerings-IRB, HUDCO and PSP Projects - have hit Dalal Street, raising more than Rs 6,000 crore, a testimony to the fact that the bond market is gaining pace after the 2008 turmoil.
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Improve services and engagement with users
Arun Lakhani, Chairman and Managing Director, Vishvaraj Infrastructure, says users will pay for drinking water if service providers improve service and engagement levels. Lakhani, whose firm has successfully rolled out the much-acclaimed 'Nagpur 24x7 Water Supply Scheme' in partnership with the French firm Veolia, also feels that the government needs to enunciate a policy on water reuse to make treated water an attractive proposition for the industry.
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InvIT provides a window for unlocking invested capital
With IRB raising Rs 5,035 crore by unlocking six projects, Virendra Mhaiskar, Chairman and Managing Director, says that the entity would repay the entire debt on these Special Purpose Vehicles (SPVs), amounting to Rs 3,350 crore.
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Jaitley releases CII reports on transparency in real-estate sector
Arun Jaitley, Minister of Finance, Corporate Affairs and Defence has released a CII (Confederation of Indian Industry) CII reports on transparency and ethics in the real-estate sector. He also launched the CII Centre for Arbitration and Mediation during the Annual Session of CII with the theme ‘Future of Globalisation: Can India Lead?’
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Maharashtra ‘best place’ to invest, says CM Fadnavis at India-Italy Investment Forum
The India-Italy Investment Forum was organised in Mumbai by the Italian Trade Commission/Trade Promotion office of the Embassy of Italy in New Delhi, in collaboration with Confindustria (the Confederation of Italian Industries) and CII.
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HUDCO plans to raise Rs 1,200 crore via IPO
The Housing and Urban Development Corporation (HUDCO) plans to garner Rs 1,200 crore via an Initial Public Offering (IPO). The objective of this IPO is to carry out the CentreÂ’s divestment plan in this entity, of 2 crore equity shares.
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IRB to raise Rs 4,300 crore through InvIT Fund
IRB InvIT Fund will become IndiaÂ’s first such fund. Currently, IRB has road assets close to Rs 30,000 crore (Rs 19,000 crore are operational; Rs 11,000 crore is under construction).