A new infrastructure fund would be launched jointly by Standard Chartered Private Equity and IL&FS Investment Managers with a corpus of around $600 million. This is the second fund being launched jointly by both the firms
Tag: Infrastructure Today
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RBI tightens restructuring norms of infra projects
The Reserve Bank of India (RBI) on May 30 has announced its final guidelines provisioning norms for restructured accounts and asset classification.
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Banks to fund road projects if NHAI readies 80 per cent land
If the National Highways Authority of India (NHAI) made available at least 80 per cent of the land required for public-private partnership (PPP) road projects, banks can now start lending.
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Discussion on hydro projects
The Union Power Ministry has taken up the issue of environmental and forest clearances to hydel projects with the Environment Ministry. The initiative is to encourage development of hydro sector in the country.
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ONGC mulls Rs 100 bn gas plant project
ONGC may invest nearly Rs 10,000 crore to set up an integrated gas processing plant with a capacity of 10 mmscmd in Maharashtra.
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Experts speak on renegotiation of contracts
Some experts argue that the government can allow renegotiation of contracts for infrastructure projects being carried out on public-private partnership (PPP) basis.
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Tunnel construction project faces delay
There has been a long delay in the tunnel construction for the proposed underground metro line from close to Mandi House to ITO in Delhi. The project executing firms - Shanghai Urban Construction Group (SUCG) and Larsen and Toubro (L&T)
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Essar Oil to invest Rs 350 bn on refinery expansion
At an investment of about Rs 35,000 crore, Essar Oil plans to double the refining capacity of its Vadinar unit in Gujarat to 40 million tonne per annum in the next five years.
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Highway project in Mizoram
In Mizoram, a major road construction project that is financed by the World Bank is to be started soon.
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GMR to get Rs1,700 cr
During this financial year, GMR Infrastructure is set to infuse Rs 1,700 crore fresh equity capital in its energy business.