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Lone Star to invest in stressed projects

Lone Star to invest in stressed projects

Private equity firm Lone Star has joined hands with IL&FS to invest in struggling Indian infrastructure projects. The tie-up will have an investment corpus of $550 million, which could result in asset purchases of up to $2.5 billion, according to the partners.

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Kalpi Road in Kanpur to be reconstructed soon

Kalpi Road in Kanpur to be reconstructed soon

The Uttar Pradesh government has sanctioned work order for reconstruction of Kalpi Road (National Highway -25) Kanpur between Jarib Chauky and Vijay Nagar Crossing. Historic Kalpi Road connects Kanpur to Jhansi and is a part of the National Highway -25. The State Public Works Department (PWD) in Kanpur had sent a proposal in this regard to its headquarter.