India will need $1.5 trillion of investment in infrastructure over the next 10 years. Of this nearly $10 billion is required in sewage treatment plants. Similarly, about $8 billion is required to be invested in ensuring regular drinking water supply.
Tag: Anil Ambani
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Rel Infra looks to divest toll road assets by Sept
The Anil Ambani-led Reliance Infrastructure Ltd. is contemplating selling its 11 toll road assets to an overseas buyer for $1.5 billion. The company revealed that the deal would go through by September 2016.
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Rel Power gets in-principle nod for LNG-based plant
The Anil Ambani-led Reliance Power has won an in-principle approval of the Bangladesh government for the first phase of a 3,000 MW LNG-based power plant.
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Reliance Group to develop solar park in Rajasthan
Billionaire Anil Ambani-led Reliance Group will develop a 6,000 megawatt Solar Power Park in Rajasthan, a plan that has potential to attract an investment of Rs.60,000 crore. ĆĀ“The Reliance Group has signed an MoU to develop Solar Park and Solar Projects of 6,000 MW capacity, spread over nearly 30,000 acre, over next six years, with a potential to attract investment of about `60,000 crore in Rajasthan,ĆĀ“ Ambani said.
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Rajasthan Govt, Reliance sign MoU for solar projects
Reliance Power and the Rajasthan government have signed a Memorandum of Understanding (MoU), to develop 6,000 MW of solar power projects in the State in the next ten years.
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R-Infra to sell road projects to cut its debt
To cut down its debt burdern of about Rs 21,976 .18 crore, Reliance Infrastructure (R-Infra) is mulling to sell either all or most of its 11 road projects. R-Infra is a part of the Anil Ambani-led Reliance Group. R-Infra has appointed consulting firm EY or Ernst and Young, to oversee the sale.
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Delhi CM asks Ambani to supply power round-the-clock
The Delhi Chief Minister Sheila Dikshit has asked Anil Ambani, Chairman of Reliance Infrastructure, which runs two power distribution companies, to take steps to 'rectify' the power outage problem in the city and ensure round-the-clock electricity supply. The Delhi CM is worried about the long power outages, especially before the assembly polls. In a letter to Ambani, Dikshit said the power supply by BSES Yamuna Power (BYPL) and BSES Rajdhani Power (BRPL)- has worsened in the city contrary to ex
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Aranmula airport project faces setback
In response to a petition filed by the Aranmula Heritage Village Protection Action Council, the National Green Tribunal has stayed the Rs 2,000-crore Aranmula private airport project in Kerala. The council argues that the construction of a private airport was in violation of the provisions of the Kerala Conservation of Paddy and Wet Land Act, 2008, Kerala Land
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Saraswat Bank, Reliance ADAG in tie-up
Saraswat Bank has announced a tie-up with Reliance ADAG under which the Anil Ambani-led group will market a core banking solution developed by the bank's infotech subsidiary.
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New kind of mint
The pilots and crew of two personal aircraft figure among the thankful thousands who owe their jobs to Gautam Adani, the owner of those planes and the biggest wealth creator last year.
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