Many infrastructure companies are going through Corporate Insolvency Resolution Process (CIRP); some of them were also in the first target list of the Reserve Bank of India (RBI), wherein 12 companies were identified in June 2017 to proceed in under the code.
Tag: infrastructure
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Public Spending: Can the Government keep up the Tempo?
Resumption and broad-basing of private investments has become critical to sustain the share of infrastructure investments.
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Mahagenco to build 100 MW plant in Vidharbha
Mahagenco plans on building 100 MW plant at Chandrapur, which will be the biggest solar plant in Vidarbha. This decision has come up in accordance to its plan to create 2,500 MW solar power capacity.
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2018 will be a year of job stability
Though ubernisation is invading the Indian job market, Sudeep Sen, Head of Industrial and Manufacturing Vertical, TeamLease Services believes that e-commerce, logistics, IoT (Internet of things) and manufacturing are the sectors which will create the maximum number of jobs in India and these sectors will see about 18-20 per cent increase in jobs from the present state.
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Construction risk is higher than post-construction risk
The National Investment and Infrastructure Fund (NIIF) is planning a third fund targeting investment in greenfield projects, with a view to provide long-tenor financing. Sujoy Bose, Managing Director and Chief Executive Officer, NIIF shares some insights, particularly on the roads sector.
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The Order Book Chase
Total order backlog of the engineering and construction firms was Rs.8.1 trillion at the end of FY18. Of the whole order backlog, almost 62 per cent was contributed by the construction companies, followed by 24 per cent of capital goods companies catering to the energy industry.
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SmartE to set up EV charging infrastructure around metro stations
Along with state-owned Power Grid Corporation of India (PGCIL), SmartE is in plans to set up charging infrastructure around metro stations.
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59 mega infra projects report cost overrun of Rs 1.36 trillion
At least 59 mega central sector infrastructure projects worth Rs 10 billion each, have reported a cost overrun of Rs 1.36 trillion. As per Vijay Goel, Union Minister, a total of 389 mega projects worth more than Rs 10 billion including rail and road sectors were on the monitor of the Ministry of Statistics and Programme Implementation (MOSPI).
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UAE commits $75 billion towards infrastructure development in India
Being IndiaĆās third largest trading partner, UAE has invested over $5.3 billion in India, of which $75 billion is committed towards infrastructure development in India.
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AIIB to invest Rs 127 billion in India’ infrastructure sector
Considering, India's substantial infrastructure requirement, Asian Infrastructure Investment Bank (AIIB) has plans to invest around Rs 127 billion in projects including transport (metro), rural (road upgradation), energy (renewables) and water and waste management.