Piramal Enterprises Ltd (PEL) is tying up with the worlds second largest pension fund APG Asset Management (APG) to invest $1 billion in Indias roads, ports, airports, power plants, telecom towers, the education and healthcare sectors.
Tag: board
Post
Post
ChPT to handle met coke
Chennai Port Trust (ChPT) plans to handle metallurgical coke and petroleum coke to make up for the loss of dusty cargo like coal and iron ore. The new cargo will be handled on a trial basis for six months,
Post
NTPC Bangladesh power JV to be operational by FY18
The $1.2-billion Indo-Bangla power joint venture is planning to award the contract for construction of the plant by April 2015 and expected to start commercial generation by FY18.
Post
Finally the Cure?
Long term financing has been ailing the infrastructure sector making alternate non-banking financing options like Infrastructure Debt Funds (IDFs) more viable. Rahul Kamat and Garima Pant explore the IDF environment in India. The yawning infrastructure gap in the country is seeking closure to unleash its locked growth potential.
Post
NHAI to cancel three highway projects
Media reports say that the National Highways Authority of India (NHAI) Board on August 22 has decided to cancel three highway projects of PNC Infra, C&C Construction and Era Infrastructure. Sources concerned said that the developers had not paid the performance guarantee amount after winning the projects and that is why the Board has decided to cancel the highway projects. These developers would lose their bid security, which is one per cent of total project cost.
Post
JNPT asks trade bodies to nominate members
Jawaharlal Nehru Port Trust (JNPT) asked trade associations to nominate their representatives in the board of the port as the tenure of the earlier board of trustees with 16 members ended on 31 March. The board of trustees of JN Port is constituted by the government for a two-year term. Currently, the board has only seven members and hence the authority asked vario
Post
Board of IDFC decides to foray into banking
Rajiv Lall, Executive Chairman of IDFC informed that the board of the infrastructure finance company decided to go ahead for a banking license. IDFC is an infrastructure financing non-banking financial company (NBFC). According to analysts, NBFCs stand a brighter chance to get a bank license from the Reserve Bank of India (RBI)
Post
KMRL plans to develop land at Kakkanad
Kochi Metro Rail (KMRL) plans to develop a 17.315 acre land at Kakkanad into a modern multi-utility centre with urban amenities such as markets and civic facilities as well as recreational centre. Recently, the Board of Directors of the body cleared the invitation of expressions of interest (EoIs) for preparing a master plan for this project
Post
Board of Petronet clears Rs 50 bn terminal project
Petronet LNG, which proposes to set up a five million tonne per annum LNG terminal at Gangavaram, Andhra Pradesh at a cost of about Rs 5,000 crore, received final approval from its board for the investment. The firm, which expects to complete the project by end-2016, has finished several pre-project activities and it is working towards short-listing of potential cont