The Union Government, plans to re-negotiate contracts worth Rs 99,000 crore with some of the private developers to give them payment concessions, instead of imposing penalties.
FlashNews:
Siemens Secures ₹7.73 Billion Contract for Nagpur Metro’s Advanced Signalling and Telecom Systems
DFCCIL Launches India’s First Private Gati Shakti Cargo Terminal on Western Freight Corridor
India Clears Elon Musk’s Starlink for Satellite Internet Rollout
GAIL, OIL Extend 15-Year Gas Supply Pact for Rajasthan Fields
Invest in IREDA Bonds to Support India’s Green Energy Transition and Save Tax
India Invites Feedback on Oil & Gas Reforms Ahead of Landmark OALP Round X: Hardeep Singh Puri
₹50 Billion Boost for Northeast Waterways; Kaladan Project to be Operational by 2027: Sonowal
Tata Sons’ Chandrasekaran Outlines Energy Transition Runway Amid Group’s Moment of Reflection
CII President Rajiv Memani Offers Blueprint for a Competitive Viksit Bharat
JSW Paints to Acquire Majority Stake in Akzo Nobel India in ₹89.86 Billion Deal
India to Extend Digitalisation of Public Services to the Power Sector with India Energy Stack
Whoever controls Antariksha (outer space) will rule Prithvi (the world)”: Dr. Subba Rao Pavuluri
Electricity futures key to managing power price volatility”: NSE’s Sriram Krishnan
InfraPandit Awards to Honour Doctoral Excellence in Infrastructure
REC Wins Leading CSR and Sustainability Award for Healthcare Support
HAL Set to Enter New Global Space Race with SSLV Contract Win
Multimodal Logistics: Optimising Assets, Strengthening Supply Chains
Gadkari Announces FASTag Annual Pass to Ease Private Vehicle Movement from Independence Day
Air India 171 Crash: A Definitive Inflection Point for Indian Aviation
IDD seeks legal opinion on contract termination
The Infrastructure Development Department (IDD) of Karnataka government would seek the opinion of the Law Department on terminating the contract given to Gulbarga Airport Development (GADL) for the greenfield airport project.
JNPT road project approved
A project to upgrade a road to Jawaharlal Nehru Port (JNPT) in Mumbai has been approved by the Union Government. The road project involves a total expenditure of Rs 1,943.37 crore.
Tatas race for Chennai, Kolkata airport projects
Tata Group is likely to bid for 100 per cent stake in two airport projects Chennai and Kolkata airports.
Isolux Corsan secures 6 contracts
For developing six new infrastructure projects, Spanish firm Isolux Corsan has bagged six major contracts worth Rs 1,476 crore in India, the company said.
Centre clears 5 port projects
The Union Government has cleared five port projects in various ports. Four of the five projects are to come up at Chennai Port, Cochin Port, Kandla Port and Haldia Dock Complex in Kolkata.
Large projects on fast-track
With an objective to give a big push to the industry in the country, the Union Government has decided to fast-track 17 large projects with total investments of around Rs 4 lakh crore.
Nod to lease out land for projects at major ports
The Union Cabinet has approved a proposal to license land to developers of projects at four major ports under public-private partnership (PPP) mode to strengthen the ports' capacity. It cleared one project on lease basis for setting up a cement bagging plant at Cochin Port.
Reefer cargo at NMPT
With the onset of fishing season in the coastal belt, the New Mangalore Port (NMPT) is witnessing a record movement of reefer cargo in containers.
Vizag port takes up expansion at Rs.4,500 cr
To expand its cargo handling capacity, Visakhapatnam port plans to spend Rs 4,500 crore. The port's existing capacity is 65 million tonne (mtpa) and it plans to enhance it to 110 mtpa by 2015-16.