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.
Tag: investment
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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.
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NDA Govt to hike infrastructure investment for FY 2015-16
The National Democratic Alliance (NDA) Government has committed to reviving the investment cycle by increasing public expenditure in capital formation. Finance minister Arun Jaitley announced an overall increase of Rs 70,000 crore in investment in infrastructure in 2015-16 over the current year.
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PPP model needs revamp
Restructuring of Public Private Partnership (PPP) framework in infrastructure sector would help revive financially stressed projects and attract private investment, the Economic Survey said.
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Revival of stalled projects worth Rs.8.8 lakh cr can push growth
Stalled projects worth Rs 8.8 lakh crore, or 7 per cent of GDP, are holding up investments in the economy, impacting corporate balance sheets and public sector banks which have extended loans.
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Railway projects covering 9,400 km sanctioned
While last mile connectivity projects continue to be accorded the highest priority, the Railways Ministry intend to fast track the sanctioned works on 7,000 km of double/third/fourth lines and com-¡mission 1200 km in 2015-16 at an investment of Rs 8686 crore.