In an effort to support funding for telecom facilities, the Reserve Bank of India declared that telecom towers will be treated as infrastructure facility, to get credit from non-banking finance firms.
Tag: Portal
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Siemens bags Metro contract
Chennai Metro Rail (CMRL) has awarded a Rs 305 crore contract for power supply and overhead equipment (OHE) to Siemens AG, Germany, and its Indian arm Seimens India Consortium.
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HCC caters to Orissa project
Hindustan Construction Company (HCC) has bagged two orders aggregating Rs 152 crore from Hindalco Industries.
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Subsidy policy to hit OMCs
Oil marketing companies’ (OMC) profitability and cash flows will continue to be strained on account of uncertainty over the future subsidy sharing pattern.
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AP's land allotment policy
Andhra Pradesh government will soon introduce a policy comprising specific guidelines for allotment of land to entrepreneurs.
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Privatisation plan revived
Union Coal Ministry has decided to renew a decade-old proposal of opening up the sector for private investors in order to boost production in the sector.
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Locals receive coal blocks
Coal Minister S Jaiswal approved a policy for small and isolated coal blocks that are economically unviable but are enough to feed local demand.
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IIFCL signs $250 mn deal with ADB
The government, Asian Development Bank (ADB) and the IIFCL have signed a $250 million loan agreement for tranche 2 of the ongoing Second India Infrastructure Project Financing Facility.
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Oil prices favor gas cos
The gap between the price of crude oil and natural gas will provide an impetus to a fast shift towards cheaper natural gas.
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Nomura floatS $500 mn fund
Nomura Securities plans to raise $500 million India Infrastructure Fund from domestic investors to invest in companies that build roads, ports and power utilities.