L&FS Engineering and Construction Company Ltd (IL&FS Engineering Services) has received a Taking-Over Certificate for substantial completion regarding Assam-19 Road Project from National Highways Authority of India (NHAI).
Tag: NHAI
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Road projects: Concerns on 100% exit policy
The governmentĂ´s plan to unlock Rs 4,500 crore equity from road projects seems to have hit a roadblock.
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Rs.100-crore project for faster cargo evacuation
In an initiative to ensure faster evacuation of cargo, Visakhapatnam Port Trust and National Highway Authority of India will take up Rs 100 crore port connectivity road widening project.
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Egis India working on over 60 infra projects
The global perception that it is not easy to do business in India due to the Ă´license rajĂ´ is changing as the present government is playing an active role in this regard, says Nicolas Jachiet, Chairman & CEO, Egis Group.
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NHAI to issue tax free infrastructure bonds
Government has allowed National Highways Authority of India (NHAI) to issue Tax Free Infrastructure Bonds aggregating to Rs 24,000 crore and Capital Gain Tax Exemption Bonds aggregating to Rs 4,000 crore in the financial year 2015-16.
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Hybrid annuity model for PPP projects
The hybrid annuity model announced by the Government that proposes to reduce risks in public private partnership format is likely to provide impetus for the next wave of PPP road projects, said ICRA.
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Gazing into the Big Budget
The industry estimates that falling crude oil prices, lower fuel subsidies along with recent diesel tax hikes could together add almost Rs 1.1 trillion to the Union Budget. And with the government planning to spend about $8 billion of that on infrastructure and manufacturing activities, the infrastructure sector is looking at a brighter year ahead.
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The new government has made the right noises
Egis in India is a cornerstone for the Egis Group because you know there are two economies in the world which are the ones that would pull the whole world out of the so-called recession; one is China, and the other is India. Now Egis has a dominant presence in India where we have 10 per cent of the total workforce in India of the total group and we are one of the very few subsidiaries which are contributing significantly to the top line (and) bottom line of the group.
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ISQ to acquire Rajasthan toll road
I Squared Capital, through its ISQ Global Infrastructure Fund, has agreed to acquire 100 per cent stake in Jaipur Mahua Tollways Pvt Ltd from IJM Corporation, Malaysia, for Rs 525 crore (as disclosed by IJM Corporation to Bursa Malaysia).
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The infrastructure story is waiting to unfold
Infrastructure is the backbone on which the economic and social wellbeing of any country hinges. Though India has emerged as the third largest economy, its GDP growth rate slowed down to less than 5 per cent in FY 13-14, as against a CAGR of 8.4 per cent during 2003 - 2010.