In coastal Andhra Pradesh, the extension works of the canal road between Kakinada and Sir Arthur Cotton Barrage at Dowleswaram have commenced. The 62-km length of the canal road will be widened to 10.5 metre from the existing eight metre. Transstroy Company is executing the Rs 298-crore works. Gravel track on both sides of the road will also be laid.
Tag: Andhra Pradesh
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Andhra govt, railways to implement Rs 650 cr project
Andhra government and Rail Vikas Nigam are in the process of jointly implementing a Rs 650-crore phase II multi-modal transport system project in Hyderabad. Both the entities would set up a special purpose vehicle to implement the project and the cost would be shared by them in the ratio of two-thirds (Andhra Pradesh government) and one-third (south central Railw
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Andhra govt may seek Rs 10 bn aid from World Bank for road project
The Andhra Pradesh government would soon approach the World Bank for financial assistance for its road upgradation projects in various parts of the state, especially in rural areas. The state government plans to seek a Rs 1,000-crore credit line from the World Bank once the proposal receives approval from the state cabinet
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Proposed shift in contractual regime may raise period of cost recovery
Association of Oil & Gas Operators (AOGO) was formed on August 1, 2006 on the initiative of Sastry Karra to network, exchange information on operating issues in upstream segment
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Andhra rail projects need Rs 400 bn investment
About 30 railway projects are pending in Andhra Pradesh and these would require about Rs 40,000 crore investment, Union Minister of state for railways Kotla Jaya Surya Prakash Reddy informed. He said these projects would be completed in a phased manner. He supported the hike in fares by saying that internal resources should be improved to strengthen the financial condition of the
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ONGC to set up its own power plants
ONGC plans to set up its own power plants, not just gas-based but also facilities based on nuclear, wind and other conventional energy sources, the government-owned exploration company Chairman and Managing Director Sudhir Vasudeva said on March 28. He was speaking after inaugurating the monetisation and production operations from the first onshore marginal gas fields in KG basin at Ponnamanda village in East Godavari district of Andhra Pradesh.
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Restructuring should not be considered anathema
Although banking sector stress may have 'bottomed out', as he puts it, India's infrastructure sector remains vulnerable to risks, both inherent and external. Corporate restructuring should not be thrown out the window as a solution for problems that are extraneous to a project.
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Beyond finance
Finance was probably in his genes as his grandfather was one of the first CAs in South India and his uncle was also a CA. A normal middle class boy born in a small town in Andhra Pradesh, Devatha Prasad became the head of finance of Essar Projects Business Group.
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Gammon gets uderwriting of financial closure for 5 road projects
Gammon Infrastructure has secured underwriting for the financial closure of five highways projects in Bihar, Andhra Pradesh, Madhya Pradesh, Orissa and Haryana, which is likely to help the developer tie up funds easily and enable faster pace of progress.
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Loan book of SKS may double in 2013-14
Some analysts expect the loan book of SKS Microfinance to double to Rs 3,000 crore by the end of 2013-14 from Rs 1,500 crore levels in 2012-13 even in the absence of fresh lending in Andhra Pradesh. The loan book of the company is expected to double on the back of its geographical expansion. The company has increased its presence in states such as UP, Rajasthan, Gujarat, amongst others and this may drive growth