State-run Power Grid Corporation of India Limited recently said its board has approved six new investment plans worth Rs 5,500 crore. In a meeting held on April 17, the Board of Directors gave investment approvals to two projects involving implementation of two green energy corridors, three communication investment projects
Tag: investment
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Rs.8.5 lakh crore plan is for decongestion of network
Despite having the largest rail network in Asia, Indian Railways has not been able to make much progress. The reasons for its dismal growth are known. Union Railway Minister Suresh Prabhu has ambitious plans of expansion and capacity building. In this regard, he says that in the high density routes, there has been considerable underinvestment, resulting in congestion.
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Make in Khed´ city
KHED CITY is one of India´s largest integrated development project near Chakan in Pune. KHED CITY is being implemented by Khed Economic Infrastructure Pvt. Ltd. (KEIPL) - a Joint Venture of the Kalyani Group and Maharashtra Industrial Development Corporation (MIDC).
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Urban infrastructure: Challenges in India
Urban India is important to the Indian economy, society, polity and the environment in more ways than one. For instance, nearly 600 million Indians would be living in cities by 2030, while cities would generate nearly 70 per cent of new jobs by 2030 and also produce more than 70 per cent of India´s gross domestic product.
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Cabinet approves formation of SPV to major ports
The Union Cabinet chaired by the Prime Minister, Narendra Modi, gave its approval for formation of a Special Purpose Vehicle (SPV) to provide efficient rail evacuation systems to Major Ports and thereby enhance their handling capacity and efficiency.
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Adani plans Rs.20k cr clean energy park in Mundra
Adani Group plans to set up an Integrated Renewable Energy Park at Mundra in Kutch district, close to its port and SEZ. The park, if it comes into existence, would be the first of its kind and will need an investment of Rs 20,000 crore.
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TN seeks tie-up with Asian bank
The Tamil Nadu Government has asked the Asian Infrastructure Investment Bank to join hands with the state to promote a new Tamil Nadu Infrastructure Fund Management Company (TNIFMC).
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Jain Irrigations agri-NBFC arm raises Rs.112 crore
Jain Irrigation announced that its subsidiary Sustainable Agro-commercial Finance Ltd (SAFL) - a non-banking finance corporation - has raised funds worth Rs 112 crore in a mix of equity shares and long term debt.
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RE-INVEST: 2,66,000 MW green energy commitments
RE-INVEST was held in New Delhi from 15th to 17th February 2015 with the primary aim of attracting large-scale, longer tenure investments in the country´s renewable energy sector. The Ministry of New and Renewable Energy organized the event with the support of the Prime Minister´s ´Make in India´ infinitive.
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BP writes off $830 million in KG-D6 block
BP Plc has written down the value of its investment in eastern offshore KG-D6 block by $830 million, following a lower-than-expected gas price hike.