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...
Tag: Special Purpose Vehicle
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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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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
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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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Need to focus on projects which are remunerative
Sunil Srivastava, Managing Director, Balaji Railroad Systems Ltd, comments on the dismal state of the Indian Railways, delayed projects, and the government´s role in improving the sector.