A new land policy, that may clear land acquisition hurdle for existing and new infrastructure projects, would go to the union cabinet for approval. Land acquisition remains a major concern. Last year, a ban was imposed on the transfer of government land to other entities. If any department had to implement a project that required alienation of land (through lease, licence or rent), it had to seek the approval of the cabinet.
Category: Infrastructure Finance
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Power finance cos to see higher growth
A research report by Avendus Securities stated that power finance and housing finance companies are likely to have better time going ahead while finance companies engaged in the retail sector may see moderation in demand growth.
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West Bengal for pvt funding
For widening and further improvement of its state highways, the West Bengal government is mulling to invite private investments in the state.
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Ramky posts net sales growth
Ramky Infrastructure reported net sales of Rs 669.17 crore for the quarter ended 30 June 2012, as compared to Rs 602.80 crore in corresponding period of last fiscal year,
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Macquarie SBI invests in Ashoka
Macquarie SBI Infrastructure Fund (MSIF) has completed an investment of $150 million in Ashoka Concessions (ACL), along with a co-investor, the SBI Macquarie Infrastructure Trust (SMIT).
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Rs 15 bn take-out finance
It is learnt that between 2009 and December 2011, the country witnessed take-out financing deals worth Rs 1,500 crore. India Infrastructure Finance Company (IIFCL) has closed deals worth Rs 4,000 crore this year,
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Govt relaxes overseas borrowing norms
A high level committee on External Commercial BorroÂwings (ECB) relaxed several norms on overseas borrowings by Indian financial institutions and companies.
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UK govt faces investors' flak
According to an Infrastructure Investor survey of the UK market, one-third of infrastructure investors think the government is “unlikely to succeed†in attracting £20
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RCom to invest Rs 1,500 crore in FY13
Reliance Communications will invest Rs 1,500 crore in optimising telecom network and data services this fiscal. The investment will be made across the company’s network in India as well as its global cable network.
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WB funds for Kerala roads
The World Bank is to provide more funds for road development in Kerala. The Bank has already committed its aid to the second phase of the Kerala State Transport Project (KSTP).