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. The new fund may consider investing in Middle East nations besides investing in Indian
Tag: infrastructure
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GPL to begin full-fledged operation soon
Gopalpur Port (GPL) would begin full-fledged operation within a month after rectification of defects, if any, following the test run, a top official of the port said. Since 2010, the port operation had been stopped for its upgradation to an all weather port. Before 2010, the port, located at Arjeepalli was functioning as a seasonal port
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Govt awards water supply infra contracts to SPML
The Rajasthan government awarded a Rs 396 crore contract to SPML Infra for water infrastructure development work in Ratangarh-Sujangarh and Fatehpur-Laxmangarh in Churu district. According to the terms of the contract, the firm has to complete the work in three years. In an official communication, the firm said the new order would help it in building robust infrastructure in providing drinking wate
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State govt must rectify error on metro project
In order to implement the Hyderabad metro rail project successfully, the Andhra Pradesh government will have to rectify the technical error in terms of the Act governing the project. Earlier the Andhra Pradesh High Court said in its order that the project was being wrongly governed by the Tramways Act and unless it is changed to Metro Act it could not be called 'Metro
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Kakinada old port suffers from poor infrastructure
Sources from the Kakinada anchorage (old) port in Andhra Pradesh informed that the infrastructure facilities need to be upgraded to attract more cargo. It may be noted that the port traditionally depends on rice and maize export cargo and volume of these cargoes declined of late
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Ennore port may award Rs 14 bn project before Dec 2013
Unconfirmed media reports indicate that Ennore Port
expects to award the contract for its Rs 1,407 port-cum-terminal project before December and the project may be completed in 30 months. The size of the terminal has been revised from the earlier 1,000 metre to around 750 metre, reports suggest. At its recent board meeting, the port decided to a float fresh tender for the
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Share of cargo handled by minor ports set to rise
Better infrastructure and operational efficiency may raise the share of total cargo handled by minor ports in the country to 45 percent in two years from the current 39 percent, some reports suggest. The share of major ports in total cargo handling may decline because they suffer from capacity constraints. While the major ports in the country controlled 561 million tonne (mn t) of cargo in 2011-12, minor ports hand
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Sri Lanka authority develops port infrastructure
Sri Lanka Ports Authority is taking steps to develop the port infrastructure around the country in order to pursue the national government's aim of making the country the Regional Maritime Hub by leveraging its unique geographical location. Recently, the authority completed dredging work at the Access Channel, the Harbour Basin and the Access Chan
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Security nod to firms augurs well for port sector
The recent security clearances given by the union government to three infrastructure companies in the port sector may enable more private sector participation in port projects, reports suggest. The union government gave security approval for Adani Ports, Punj Lloyd, and Gammon Infrastructure to participate in port projects. Once given, these clear
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HUDCO allots Rs 20 bn for cities in Punjab
On the sidelines of a review meeting of Housing and Urban Development Corporation (HUDCO), Punjab Local Bodies Minister Bhagat Chunni Lal informed that the corporation allotted Rs 2,000 crore for major cities in Punjab. The amount would be used for the overall development of major cities in the state. Lal presided over a meeting with HUDCO CMD VP Baligar to review various loan schemes of HUDCO for development of cities across the stat