The Brihanmumbai Municipal Corporation (BMC) may finally get financial provisions for two of its ambitious projects i.e., the coastal road and the Gargai-Pinjal water supply project.
Category: Infrastructure Finance
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5/25 scheme may benefit projects with stable cash flows
We must understand project finance in the traditional sense. Project finance works only when all material approvals for a particular project are in place and the same is then handed over to a successful bidder like the bidding for UMPP was done in India. The bidder can then straightaway proceed for financial closure. This will ensure there are no time and cost over-runs on account of delay in approvals.
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Govt seeks $137m from ADB for J&K
The Centre has signed agreements with the Asian Development Bank (ADB) for grants worth $136.8 million for infrastructure development in Jammu & Kashmir.
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Viom to invest Rs.150 crore in tower expansion
Viom Networks Ltd is looking to add 1,000-1,500 mobile towers over the next one year at an investment of Rs 150 core (or between Rs 12 lakh and Rs 15 lakh a tower).
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HUL sells iconic headquarters
India´s largest consumer goods company Hindustan Unilever has sold its erstwhile headquarters Lever House at Churchgate in south Mumbai to its current tenant, Housing Development Finance Corporation, for around Rs 300 crore.
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Infra sector needs alternative sources of finance
Infrastructure is one of the top priorities for the Indian government. The right policy framework will give confidence to both domestic and international investors and create a competitive environment to deliver cost-effective services to end-users.
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The infrastructure story is waiting to unfold
Infrastructure is the backbone on which the economic and social wellbeing of any country hinges. Though India has emerged as the third largest economy, its GDP growth rate slowed down to less than 5 per cent in FY 13-14, as against a CAGR of 8.4 per cent during 2003 - 2010.
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Infrascape 2015
Infrastructure plays a very significant role in economic development. The government has outlined various infrastructure development initiatives in the country, which include smart cities, nationwide connectivity networks of roads, power, gas and water grids.
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India invites Arab capital in infrastructure
India has invited members of the 22-nation League of Arab States to invest in the country, notably in the infrastructure space, while also calling upon them to benefit from the ´Make in India´programme of Prime Minister Narendra Modi.
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New norms for infrastructure bonds
The RBI has allowed banks to extend loans up to Rs 10 lakh to individuals against long-term infrastructure bonds issued by them, thus easing loan norms for low-cost housing.