For the proposed 270-km expressway between Agra and Lucknow no road developers have come forward. The Expressway project is a pet project of Uttar Pradesh Chief Minister Akhilesh Yadav. The proposed express way is an eight-lane Greenfield project.
Tag: greenfield project
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Banks offer Rs 228 bn funding commitment to steel project
A consortium of 21 banks has offered funding commitment of Rs 22,800 crore for Tata Steel Odisha's proposed greenfield 6 million tonne steel plant in Kalinganagar. According to Dealogic, global deal tracking firm, this is the largest project financing loan on record. The company plans to implement the project in two phases of 3 million tonne each. So far in 2013, the India project financing loan volume stood at $14.7 billion, 13 per cent higher than $12.
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Tata Steel expects phase I of steel project by March 2014
Tata Steel expects to operationalise three million tonne steel plant in the first phase of its six million tonne greenfield steel project at Kalinga Nagar, by March 2014. This is despite the fact that the company has not been able to get raw material security for the project as allotments of mines are yet to come through. The project is co