REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, the Maharatna CPSU under the aegis of Ministry of Power, handed over project specific SPV (Special Purpose Vehicle) of ISTS Transmission Project under TBCB route viz, Ratle Kiru Power Transmission Limited to IndiGrid 2 Private Limited on 24th March 2025 at Gurugram. IndiGrid...
Tag: SPV
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Delhi Metro corridor extended from Dilshad Garden to New Bus Adda Ghaziabad
The government has approved the extension of Delhi Metro corridor from Dilshad Garden to New Bus Adda Ghaziabad. The total distance of the extended line will be 9.41 km.
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Investment close to Rs.250 billion is expected for ultra-solar park
With Vibrant Gujarat scheduled next year, the government is going all guns blazing to make this summit one of the mega events of the country.
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Opportunities galore, but targets ambitious
With an estimated average spend of upwards of Rs 1 trillion per annum (excluding land cost), the order book additions will remain healthy for both, large and mid-sized road contractors over the next four to five years.
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MPUVN hosts Business Meet in Bhopal on Solar PV
The meeting was attended by a number of delegates from industries and chambers of commerce from in and around Bhopal.
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Greenfield cities will provide sustainability to the residents
In an interaction with INFRASTRUCTURE TODAY, Alkesh Kumar Sharma, Chief Executive Officer and Managing Director, Delhi,Mumbai Industrial Corridor (DMICDC) believes that the detailed planning of these cities addresses the distribution of social and physical infrastructure
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DMICDC has the required land in possession for Phase 1
Planning and implementing a project of the Delhi-Mumbai Industrial Corridor stature is not everyone's cup of tea. But, Alkesh Sharma, CEO and MD, Delhi-Mumbai Industrial Corridor Development Corporation Ltd (DMICDC), is a man of action.
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Ambitious Target
The initiatives that will have a direct bearing on the pace of execution include awarding projects after securing 80 per cent right of way, expediting projects stuck midway, delegating the power to grant forest clearances to regional offices, filing online for clearances to construct road over bridges (ROBs) and road under bridges (RUBs) and increasing the limit on sand mining.
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Traction Ahead!
The Railways has sizeable capex plans for the five year period 2015-19 involving a capital outlay of Rs.8.56 trillion. The annual capital outlay for FY2016-18 was increased significantly to meet the five-year targets. NITI Aayog has also finalised the three year action agenda (2018-20).
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Smart Cities: Financing Challenges
In the next five years, special purpose vehicles (SPVs) will be spending around Rs.1,631 billion on projects conceived under area-based development and Rs.388 billion on pan-city development.