The Union Government will review model concession agreements (MCAs) for public private partnership (PPP) projects across sectors to assess the possibility of moving from a cost-plus basis to predetermined rates while awarding contracts
Tag: India
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Gayatri Proj to raise capital
The Board of Directors of Gayatri Projects Ltd has decided to double the authorised capital of the company, from Rs 40 crore to Rs 80 crore, to increase the borrowing power of the company and to raise additional funds
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ICICI Bank plans infra bonds
ICICI Bank is planning to raise Rs 1,000 crore of funds through infrastructure bonds. The lender is planning to issue 10-year bonds worth Rs 500 crore with an equal
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ILFS IML to raise $1 bn
IL&FS Investment Managers Ltd (ILFS IML), the private equity arm of IL&FS, will raise about $1 billion (Rs 6,000 crore) from primarily overseas investors to invest in roads,
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Essar to raise $3.5 bn
Essar Group is planning to raise over $3.5 billion by selling stake in the refinery business. Essar Group is said to be in talks with two Chinese oil and gas majors for the deal
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Rs 5 lakh crore needed to complete sanctioned rail projects
Railways need nearly Rs 5 lakh crore to complete all sanctioned projects for which it is mobilising additional resources including private investment, FDI and private-public partnership.
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PEL partners with APG for $1billion infra JV
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.
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WB sees enormous infra funding needs
The World Bank (WB) has committed around $18 billion of financial assistance to India over the next three years. India and the other member of the emerging economies have demand larger say in the governance of the WB
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Highway builders seek Rs 20,000 crore from NHAI
Highway developers have filed for claims amounting to over Rs 20,000 crore to road projects before various courts and arbitration tribunals across the country.
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Reliance raises Jaypee funds
Reliance Power has initia¡ted discussions with the Singapore government-owned investment firm, Temasek Holdings, to raise up to $500 million and tie up funding for the three Jaypee Group hydroelectric power assets that it is acquiring