Viability Gap Funding, which has been provided a budgetary support of Rs 550 crore, will support projects worth Rs 2,750 crore towards infrastructure building in 2017-18. VGF was Rs 1,000 for the current fiscal.
Tag: infrastructure
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Punj Lloyd Q3 net loss down to Rs 232 crore
Infrastructure major Punj Lloyd's net loss has narrowed to Rs 231.81 crore during the quarter ended December 31, 2016.
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ABB India Ltd posts 54percent order growth in 2016
ABB India has posted its biggest growth in orders in recent years. The investments in power transmission based on cutting edge technology, renewables, increased spend in infrastructure & transportation provided ABB India ample opportunities.
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CIDCO expects more participation in Navi Mumbai airport bid
CIDCO is “positive” that more firms would participate in the bid for the development of its ambitious Navi Mumbai International Airport project, according to a senior development authority official. Bids close on February 13 two extensions have already been given for the same.
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Jayashree Kurup, Head of Content and Advisory, Magicbricks.com
Affordable housing being given infrastructure status is a welcome move and will help in the ´Housing for all´ by 2022 Mission - it is a big and positive move for developers, banks and housing finance companies.
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Shishir Baijal, Chairman and Managing Director, Knight Frank India
The Union Budget 2017-18 is a much awaited one, considering that it comes against the backdrop of a challenging year for the real estate industry. There needs to be a balance between the demand and supply sides to ensure a surge in sentiment and investment opportunities.
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HPCL, GAIL sign pact with AP for Rs 40,000 crore petro project
Hindustan Petroleum Corp Ltd (HPCL) and GAIL India Ltd have signed a pact with Andhra Government for setting up a Rs 40,000 crore petrochemical plant in the state.
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ICRA launches new credit rating system for infrastructure
Rating agency ICRA Ltd has announced the countryÂ’s new credit rating system for the infrastructure sector, in line with the announcement made in the Budget 2016 document.
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With the conducive environment, investor confidence will go up
Infrastructure is the backbone of any economy. But good infrastructure development needs good planning. Lack of planning is the biggest problem. China in comparison to India has shown better planning and flexibility while executing infrastructure projects. India has lagged behind due to its political system and populist outlook.
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Bentley Systems announces winners of 2016 Be Inspired Awards
Bentley Systems Incorporated, a leading global provider of comprehensive software solutions for advancing infrastructure, has announced the winners of the 2016 Be Inspired Awards.