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NaBFID Financing for the Future
So far, the Central Government has made all the right moves as it goes about setting up the National Bank for Financing Infrastructure and Development (NaBFID). But will the newly created entity be able to deliver on its mandate of developing a robust financing ecosystem for the infrastructure sector once it gets operationalised? The Central...
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Govt Focus on Mitigating Cash-Flow Stress and Reducing Theft
Power Distribution Reforms Even as the Centre puts in place a strategy to bring in efficiencies, energy sector observers believe that states will play hardball because electricity comes under concurrent list and state governments play an active role. In the backdrop of distribution companies’ dues having touched an all-time high and showing no signs of...
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EPC Industry is Calibrating to a New Normal
Immense opportunities for growth will emerge in 2021 for the EPC industry globally and India, predicts AK Tyagi, Chairman & Managing Director of one of the leading homegrown players in project engineering and turnkey contracting, Nuberg Engineering. As part of its efforts to enhance its offerings in green products manufacturing, the Noida-based company is presently...
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A New Chapter Begins in Infra Financing
As the country slowly emerges from a severe second wave of the coronavirus pandemic, policymakers in the Central Government have actively been implementing solutions for kickstarting the economy since the previous fiscal. More recently, the setting up of the National Bank for Infrastructure & Financing Development (NaBFID) will ensure long-term financing for major infrastructure projects...
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IRB Infra SPV Achieves Full COD for Udaipur-Gujarat Border Highway Project
Udaipur Tollway Ltd., the special purpose vehicle (SPV) of India’s leading highway infrastructure developer, IRB Infrastructure Developers, has achieved full commercial operation date (COD) for its Udaipur-Gujarat Border six-lane highway project in Rajasthan. The National Highway Authority of India (NHAI) has issued a completion certificate to the company, enabling the collection of toll at full...