IndiaÂ’s largest container port near Mumbai Jawaharlal Nehru Port Trust (JNPT) has decided to freeze part of the total payment to Royal Boskalis, a Dutch dredging company after it was allegedly found flouting rules regarding the age of dredging vessels.
Tag: payment
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GMR confident of servicing debt
Media reports indicate that GMR Infrastructure does not face problem on servicing its debt as the firm feels most of the debt has been ring-fenced over the cash flow of specific projects. In 2012-13, the company paid Rs 608 crore as interest charges, higher than 31 per cent from the previous year. As of end-2013, the firm had a net debt of Rs 33,700 crore, up 15 per cent from the previous finan
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GVK may seek recast of premium payment for 330 km project
GVK Power & Infrastructure may request National Highways Authority of India (NHAI) to reschedule its premium payment for a highway project in Madhya Pradesh. Media reports suggest that the company may submit a proposal to the NHAI on the lines of infrastructure major GMR Infrastructure
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CCEA clears proposal to cap annuity allocation for PPP projects
The Cabinet Committee on Economic Affairs has approved the recommendations made by the Inter-Ministerial Task Force under the chairmanship of Member (BK Chaturvedi), Planning Commission on budgetary ceilings for annuity commitments under Public Private Partnership (PPP) projects across sectors. The recommendation of the committee would ensure that future budgetary options do not get restricted due to a