Securities and Exchange Board of India (SEBI) received a request from the Jawaharlal Nehru Port Trust (JNPT) to allow it to raise a maximum of Rs 2,000 crore through tax free bonds. The prospectus says the JNPT would garner up to Rs 500 crore with an
Tag: Infrastructure Today Magazine
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Govt to extend concessions for stalled road projects
At a recent meeting between Finance Minister P Chidambaram and Road Transport Minister CP Joshi, it was decided to extend concessions to stranded highway projects under the public private partnership (PPP) mode.
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PFC plans banking business
With the Reserve Bank of India (RBI) releasing guidelines for new bank licences, Power Finance Corporation (PFC) plans to apply for a license to launch banking operation.
Satnam Singh, Chairman and Managing Director of the power sector lender said his firm
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Reliance Infra seeks better feeder service
Reliance Infrastructure as¡k¡¡ed the union urban development ministry to upgrade feeder services and improve connectivity for the Airport Express Line. The company feels that better connectivity and improved feeder services for the Shivaji metro station, which
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Shriram Group mulls banking foray
With the Reserve Bank of India (RBI) releasing guidelines for new bank licences, a slew of industry conglomerates are interested to make a foray into banking business. One among them is the Chennai-based Shriram Group, promoted by R Thyagarajan.
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Delhi airport wins international safety award
The Indira Gandhi Inter¡national airport (IGI) in Delhi, operated by Delhi International Airport (DIAL), has become the first Indian facility to bag the British Safety Council's 'International Safety Award'. This makes IGI as the first and the only airport in India to
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Major ports suffer `1 bn loss due to strike
Major ports in the country have reportedly lost Rs 100 crore owing to the two-day nationwide strike by labour unions recently. The port workers participated in the strike called by various central trade unions to protest the 'anti-people policies' of the
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Railways to boost coal mine connectivity
As part of its initiative to boost connectivity, the Railway Ministry plans to spend about Rs 4,000 crore to upgrade rail connectivity to coal mines. The investment, once materialised, would boost fuel supplies to power projects.
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Vizag Agriport awaits project
Vizag Agriport hopes to secure the Rs 217.58 crore fertiliser terminal mechanisation project from the Visakhapatnam Port Trust (VPT) by March. VPT signed a 30-year concession agreement with Vizag Agriport in May last year for mechanisation of East
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DMRC gets Rs 31 bn
Union Budget 2013-14 allocated Rs 3,120 crore to the Delhi Metro Rail Corporation (DMRC) for the construction of Metro Phase III. This is higher than the Rs 2,200 crore outlay that the corporation received in 2012-13.