The Singapore Economic Development Board (SEDB) has announced the appointment of Koh Jin Hoe as its new International Director (Asia Pacific). Jin Hoe replaces Lee Eng Keat, who had held the position since April 2010
Tag: infrastructure
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NSICT handles longest vessel at JNPT
DP World's Nhava Sheva International Container Terminal (NSICT) has set a new benchmark by handling the MSC Susanna, the longest ship ever to berth at JNPT. The vessel is deployed on the Mediterranean Shipping Company's ISES service bound for Europe.
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Welspun to set up solar plant in Punjab
Welspun Energy (WEL) announced an MoU with Punjab government to set up solar power project of 150 MW capacity. WEL will invest over Rs 1,300 crore for this project over the next three years.
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Reform agenda: Hoping for relief
Hindsight: The rising interest rate is a grave concern for infrastructure companies. The beleaguered funding situation have seen a number of projects already been put on hold in the planning stage itself.
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Logistics and Warehousing: Reduce bottlenecks
Hindsight: 2013 has been a mixed year for the infrastructure sector which, on one hand, saw a slew of government initiatives:
Road regulator, facilitating faster completion of road projects, faster transportation, decreased fuel consumption, and encouraged development of access-controlled expressways
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Relax ECB norms for infra NBFCs
2013 has been a bad year for infrastructure sector. Certain sectors like roads & highways have been hit hard in particular. Though power sector has been growing, it must be kept in mind that while coal continues to account for almost 60 per cent of power production in India
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Interventions needed to remove roadblocks
Recognising the adverse implications of poor development in some of the infrastructure segments, the Indian government has significantly increased its infrastructure spending over the last 10 years.
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L&T to raise funds for its infra unit
To raise capital for its L&T Infrastructure Development Projects, the unit that builds roads, ports and other infrastructure, Larsen and Toubro (L&T), IndiaÂ’s biggest engineering company, is in talks with investors. The company is considering raising money from investors including sovereign and infrastructure funds by March.
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Infra trust fund on its way
Under the finance ministry's new announcement, the revenues of a project will be transferred to the trust, which will then issue units to investors. Shilpi Aggarwal says the government is seeking innovative financing solutions for infrastructure.
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Borrowing of infra firms rises faster than revenue
Official data shows that the borrowing of 17 construction and infrastructure (C&I) companies that are part of the BSE-500 index has risen more than their revenue and net profit during the last five years since 2008. While borrowings of these firms rose a little over five times, to Rs 2.7 lakh crore since 2008, their revenue and cas