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.
Tag: Special Purpose Vehicle
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The journey ahead
The Delhi Airport Express is back on track with its usual traffic resuming on January 18. However, will the country's first airport metro serve its purpose in the long run?After lot of hiccups, the country's first airport express metro resumed its commercial operations in its regular timing from January 2013. The Airport Express line functions on a public-private partnership (PPP) model.
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NHAI allows IDFC to pick up 74% stake in Delhi-Gurgaon e-way
The National Highway Authority of India (NHAI) allowed IDFC to pick up 74 per cent stake in the Delhi-Gurgaon expressway project from its original promoters. Following the acquisition of the controlling stake, IDFC, which is the leading lender to the project, is expected to manage the project efficiently to recover its inves
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Kochi metro SPV
In order to facilitate coordinated planning and implementation of the city's transportation network, Kochi Metro Rail (KMRL) plans to set up a special purpose vehicle (SPV). The SPV, which would be set up under the aegis of the Unified Metropolitan Authority, would focus on the development of Kochi city's waterways, which will be integrated with the proposed metro rail system.
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Kochi metro plans SPV for transport project
In order to facilitate coordinated planning and implementation of the cityÂ’s transportation network, Kochi Metro Rail (KMRL) plans to set up a special purpose vehicle. The SPV, which would be set up under the aegis of the Unified Metropolitan Authority, would focus on the development of Kochi city's waterways, which will be integ
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SunCoke, Visa Steel JV seen in 2013
By the first quarter of 2013, Visa Steel expects to set up a joint venture coke manufacturing firm in collaboration with American firm SunCoke Energy Inc. SunCoke Energy Inc, which is one of the largest independent producers of metallurgical coal across North and South America, is said to have entered into an agreement with Visa in this regard. According to the agreement, which requires approval of shareholders of Visa Steel, SunCoke Energy will have a 49 p
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SunCoke, Visa Steel JV seen in 2013
By the first quarter of 2013, Visa Steel expects to set up a joint venture coke manufacturing firm in collaboration with American firm SunCoke Energy Inc. SunCoke Energy Inc, which is one of the largest independent producers of metallurgical coal across North and South America, is said to have entered into an agreement with Visa in this regard. According to the agreement, which requires approval of shareholders of Visa Steel, SunCoke Energy will have a 49 p
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Steel Exchange commissions 50 mw plant
In a communication to stock exchange, Steel Exchange India has commissioned a 50 mw boiler and turbines at its Captive Power Plant at Kothavalasa in Andhra Pradesh. This is part of the 60 mw captive power plant being set up by Simhadri Power, a special purpose vehicle (SPV) prom
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Bankers to lend Rs 8.3 bn for Rs 11 bn road project
A consortium of bankers agreed to provide Rs 830 crore syndicated loan to Hospet-Chitradurga Tollways (HCTL) for the Rs 1,102.81-crore road project in Karn
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SPV to kick start investment in infra
In order to kick start sagging investment in infrastructure and other key sectors in the economy, Prime Minister’s Office (PMO) plans to create a special purpose vehicle (SPV).