Some experts of the public-private partnership (PPP) model feel that the government must make provision for tweaking the contractual agreements in the course of a contract for mega infrastructure projects with a fairly long concession period. They argue that the initial projections or assumptions made by the concessionaire in case of a road or metro rail project may go wrong in the course of the concession period
Tag: Reliance Infrastructure
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Power biz, toll roads help R Infra to gain Rs 726 cr net
For Reliance Infrastructure, higher volumes and tariff growth in its electricity business, besides eight of its toll roads generating revenues helped to post a 76 per cent rise in net profit at Rs 726 crore (Rs 411 crore) for the quarter ended March 31, 2013. However, revenues were down to Rs 6,187 crore (Rs 7,135 crore).
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Power biz, toll roads help R Infra to gain Rs 726 cr net
For Reliance Infrastructure, higher volumes and tariff growth in its electricity business, besides eight of its toll roads generating revenues helped to post a 76 per cent rise in net profit at Rs 726 crore (Rs 411 crore) for the quarter ended March 31, 2013. However, revenues were down to Rs 6,187 crore (Rs 7,135 crore).
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Net profit of R-Infra rises 76%
During Jan-Mar 2013, the net profit of Reliance Infrastructure (R-Infra) grew a whopping 76 per cent to Rs 725 crore from Rs 411 crore in the year-ago period. However, the firm's total income from operations declined 15.3 per cent to Rs 6,187 crore from Rs 7,135 crore in the same quarter of 2011-12. The decline in incom
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Online toll recharge for Hosur-K’giri road launched
Reliance Infrastructure (RInfra), part of the Reliance Group, through its Special Purpose Vehicle (SPV) HK Toll Road, recently announced the launch of online recharge facility for smart card users of Hosur-Krishnagiri road corridor in Tamil Nadu. RInfra is one of the few road concessionaires in the country to introduce this facility for its commuters which will save their traveling time, improve traffic flow and provide host of other benefits.
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Delhi Airport Metro Express runs again after 6 months
After a gap of six months, Reliance Infrastructure-run Delhi Airport Metro Express was back on track on January 22, bringing smiles on the faces of commuters looking for seamless travel to the airport. Commercial operations of the 23-km corridor that connects Connaught Place with Terminal-3 of the Indira Gandhi International Airport resumed at 5.30 am and passengers were charged a flat rate of Rs 30 as an inaugural day offer.
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Reliance Infra may exit from Haryana h’way project
Fear of Reliance Infrastructure exiting Haryana's maiden toll road project - the Gurgaon-Faridabad highway — looms large as the company has been incurring a daily revenue loss of at least Rs 10-Rs 12 lakh since trucks are not paying toll charges and also damaging toll plazas.
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Prudency has returned as aggression has cooled down
Large players will continue to opt for BOT model as it provides reasonable return over long gestation period, says Sudhir R Hoshing, CEO (Roads), Reliance Infrastructure, in an interview with Sumantra Das. The National Highways Authority of India (NHAI) has come a long way in the manner in which its roads are managed. From bringing transparency in bidding process through on-line bidding to taking steps to expedite approval and clearance process,
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Road projects in limbo
Slow progress in project execution coupled with subdued interest in bidding for new projects under current policy frame may give alternative option to call for revaluation or fresh bids for already allocated road projects. In order to avert this situation, a Performance Review Unit (PRU) proposed by the Planning Commission needs to be endowed with power to gather information from nodal agencies on clearances and incentivise or to regulate, writes Sumantra Das.
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Better integration and risk diversification needed
Indian cities planning newer forms of urban transport would need to closely examine the imperatives of an integrated system, which is lacking in spite of the fact that the projects are new—say developers and vendors.