Unveiling a $30T Economic Vision Government funding has to be complemented by private sector investment. By 2018 to 2020, assets which were created in the early phase were completed and started earning revenue to become an asset class of its own. So that has again evinced interest of investors, says Padmanabhan Raja Jaishankar, Managing Director, India...
Tag: Special Purpose Vehicle
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IRB Infra SPV Achieves Full COD for Udaipur-Gujarat Border Highway Project
Udaipur Tollway Ltd., the special purpose vehicle (SPV) of India’s leading highway infrastructure developer, IRB Infrastructure Developers, has achieved full commercial operation date (COD) for its Udaipur-Gujarat Border six-lane highway project in Rajasthan. The National Highway Authority of India (NHAI) has issued a completion certificate to the company, enabling the collection of toll at full...
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ReNew Power plans to raise $450 mn
ReNew Power Ventures has launched a sale of bonds to overseas investors to raise $450 million.
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ReNew Power plans to raise $450 million through bonds sale
ReNew Power Ventures has launched a sale of bonds to overseas investors to raise $450 million. This will be a uniquely structured deal, where dollar-denominated bonds will be issued by an offshore entity unrelated to the company that will in turn invest in masala bonds issued by ReNew Power of the same value.
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Odisha to have 10percent stake in rail link for port-led development
Odisha has confirmed 10 per cent equity participation in the Special Purpose Vehicle (SPV) of Indian Port Rail Corporation Ltd (IPRCL) that will be formed for development of a heavy haul rail corridor from Salegaon to Paradip port.
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JSW to acquire JSPL´s unit for Rs.6,500 cr
JSW has announced its plans to acquire Jindal Steel & Power´s (JSPL) Chhattisgarh power plant for Rs.6,500 crore.
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Pune-based MP Group bags 10-yr contract from NMRC
Pune-based MP Group, provider of integrated support services, today said that it has won a 10-year contract from Noida Metro Rail Corporation (NMRC) to ply buses within Noida and Greater Noida
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IL&FS bags Rs.375-cr metro contract
IL&FS Engineering and Construction Company has bagged a Rs.374.64 crore project from Metro-Link Express for Gandhinagar and Ahmedabad (MEGA) for construction of viaduct corridor.
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Back on the rails?
Indian Railways has been a victim of years of chronic underinvestment. Though ushering in the PPP mode and 100 per cent FDI for the sector are being perceived as a panacea, there are miles to cover before things get rolling.
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A close assessment
There´s a big scope of service delivery improvement and the government needs to think mobile first. The ´Digital India´ initiative aims at preparing India for a knowledge-oriented future. The programme´s objectives clearly highlight that it is a comprehensive