The Railways has sizeable capex plans for the five year period 2015-19 involving a capital outlay of Rs.8.56 trillion. The annual capital outlay for FY2016-18 was increased significantly to meet the five-year targets. NITI Aayog has also finalised the three year action agenda (2018-20).
Tag: GMR Group
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Delhi Airport second best among worldÂ’s biggest airports
GMR Group-led Delhi International Airport has announced that Indira Gandhi International Airport (IGIA) has become the world’s second-best airport in the largest airport category — with passenger capacity of over 40 million passengers per annum (MPPA) — as per the Airports Council International (ACI) ASQ 2016 rankings.
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GMRÂ’s airport SEZ plea turned down
A proposal by the GMR Group for converting an aviation SEZ into a multi-product SEZ has been rejected by the Expert Appraisal Committee (EAC) under the Union Ministry of Environment, Forests and Climate Change
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Govt extends Navi Mumbai airport bids
The City and Industrial and Development Corporation (CIDCO) has extended the deadline for submission of Navi Mumbai airport project bids by a fortnight after it attracted only one bidder — GVK group. GVK will also have an opportunity to revise its offer if it so wishes.
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GMR Infrastructure sells stake in transmission projects to Adani Transmission
GMR Energy Limited (GEL), a subsidiary of GMR Infrastructure Limited (GIL), has entered into definitive agreements with Adani Transmission Limited (ATL), wherein GEL has agr GMR Energy Limited (GEL), a subsidiary of GMR Infrastructure Limited (GIL), has entered into definitive agreements with Adani Transmission Limited (ATL), wherein GEL has agreed to transfer the interest in its transmission projects - Maru Transmission Services Limited (MTSL) and Aravali Transmission Services Limited (ATSL) -
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GMR Group to get higher tariff
GMR Group said it will get higher electricity tariff for its Kamalanga power plant in Odisha after the Central Electricity Regulatory Commission gave a favourable ruling.
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India to sell more coal mines in production push: Swarup
India will auction another eight coal blocks to private steel, cement and electricity companies in January, coal secretary Anil Swarup said, as it races to more than double output to 1.5 billion tonne.
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Indian aviation is poised to emerge as 3rd largest global market by 2030
Srinivas Bommidala, Group Director, GMR Group, talks about the long-term impacts of privatisation of airports, withdrawal of service tax exemption and the ´Make in India´ campaign as well as the growth potential of the industry.
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t of SEZs. As I mentioned earlier
Taking a cue from China´s success in SEZs, the government brought in the policy framework for Indian Special Economic Zones. The SEZs were established with the intention of bringing export-oriented growth to the country
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Private players should infuse Rs.50,000 cr
At present, the financial status of the aviation industry is not sound. We have to recognize the potential of the industry. India can be a proposed hub. In global aviation ranking, the Indian aviation sector stands at ninth position.