IL&FS Infra Asset Management (IAML), an Asset Management Company (AMC) signed a Memorandum of Understanding (MoU) with eight Public Sector Banks (PSBs) for acquisition of infrastructure loans. IAML was promoted by IL&FS Financial Services (IFIN) to manage the IL&FS Infrastructure Debt Fund (IIDF
Tag: infrastructure
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Govt clears land pooling policy for Delhi
The government approved the modification regarding Land Pooling Policy in Master Plan Delhi 2021 (MPD-2021). This information was given by the Minister of State for Urban Development Deepa Dasmunsi in a written reply to a question in Lok Sabha recently
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Govt almost completes golden quadrilateral project
Minister of State for Road Transport and Highways Sarvey Sathyanarayana informed Lok Sabha that the entire length of Golden Quadrilateral (GQ) has been completed, except 110 metre. The North - South and East - West Corridor has also been completed, except 636 km under implementation and 372 km to be
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Gujarat Gas vulnerable to tariff control by PNGRB
Gujarat Gas received authorization from the Petroleum and Natural Gas Regulatory Board (PNGRB) for the city gas distribution areas of Surat, Bharuch and Ankleshwar. The company filed tariff application with PNGRB for its transmission pipeline. However, owing to high ROE (return on equity) of over 30 percent, the company is vulnerable to tariff reduction from PNGRB, as was ordered for Indraprastha Gas. This is an operational performance risk, poin
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Tidco to implement Rs 35 bn worth projects
State Chief Minister J Jayalalithaa informed the assembly that the Tamil Nadu Industrial Development Corporation (Tidco) would implement Rs 3,500-crore worth projects across port, power and natural gas sectors. The project includes a deep water port, floating storage re-gasification unit and a 500 mw gas-based power plant in the southern district of
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Govt failed to attain capacity target in 11th plan
Union Shipping Minister GK Vasan informed that the estimated capacity expansion for the 12 major ports by the end of the 11th Five Year Plan (2007-12) was 1001.80 million tonne (mn t) per annum according to the 11th Plan working group report for port industry. India at present has 12 Major ports Mumbai, Jawaharlal Nehru Port, Kandla, Kolkata-Haldia, Paradip, Visakhapatnam, Ennore, Chennai, VO Chidambaranar (formerly Tuticorin), Cochin, New Mangalore and Mor
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NMC to present Rs 23 bn budget for FY14
Nashik Municipal Corporation (NMC) would announce a Rs 2,539.95 crore civic budget for 2013-14 on May 14. It may be recalled that the standing committee of the civic body raised the size of the budget from the initial estimate of Rs 1,556.80 crore to Rs 2,359.95 crore. The committee revised the budget estimates by suggesting measures to increase the revenue of the civic body by Rs 803.15
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Authorities choose wrong roads for repair
Some reports criticised the Chennai Municipal Corporation and the state government for making wrong choice of roads for repair projects. Residents complain that the civic body chose good roads for repair projects while neglecting poor quality roads for such projects. For example, the civic body chose Gandhi Nagar that already has good roads and pavements
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PM wants ADB to devise novel ways for financing infrastructure
For the long-term infrastructure needs of the region, Prime Minister Manmohan Singh asked the Asian Development Bank (ADB) to introduce innovative instruments. Speaking at the multilateral lending body's annual meeting in New Delhi, Singh said the ADB must find innovative ways to channelise global savings into infra
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PCMC expects BRTS project to be ready by Aug 2014
By August 2014, the Pimpri Chinchwad Municipal Corporation (PCMC) aims to complete four of its Bus Rapid Transit System (BRTS) projects in phases. It may be recalled that the civic body is developing four BRTS corridors, one along the Pune-Mumbai highway, the second on Aundh-Ravet, the third on Wakad-Nashik Phata and the fourth on Kalewadi Phata-Dehu Alandi road