The Project Monitoring Group (PMG) in Cabinet Secretariat, Government of India will be launching the web-based clearance system for issues pertaining to environment, mining and coal linkages of the stalled projects beginning September this year.
Tag: India
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Mega projects to procure from small sector
The Telangana Government would make it mandatory for mega industrial projects to procure a certain part of their requirements from the local small-scale industry. The proposed new industrial policy is likely to provide for such a provision.
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NHAI to get a leg-up
The Ministry of Road Transport and Highways and the National Highways Authority of India (NHAI) have initiated a number of steps for speedy completion of national highway projects.
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Govt eases green clearance norms
The environment ministry has eased the clearance process for coal mines planning to increase production from existing mine lease area.
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Govt to review MCAs for PPP projects
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
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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.