Union Railway Ministry and Gujarat government will set up a Special Purpose Vehicle (SPV) for expediting the State´s rail projects.
FlashNews:
South Asia Must Scale Hydro, Storage and Power Trading for Grid Integration: CEA Chief
India Can Save $204 Billion in Infra Pipeline with Better DPR Planning: Vector Consulting
Prime Minister Modi Inaugurates Skyroot’s Rocket Factory; Company Targets $21 Billion Launch Market
IWAI Signs ₹13.5 Billion MoUs to Boost Ganga Waterway in Uttar Pradesh
MOVIN Launches Healthcare Logistics Vertical to Tap India’s $638 Billion Industry
Atlanta Electricals Secures ₹2.98 Billion Transformer Orders from GETCO
Waaree Group Wins 10 MWh BESS Order in Tamil Nadu, Expands Domestic Storage Manufacturing
Cabinet Approves ₹27.8 Billion Rail Multitracking to Boost Gujarat and Maharashtra Connectivity
BC Jindal Group Secures 150 MW RTC Power Deal with SECI
India’s Data Centre Revenue to Hit ₹200 Billion By FY2028, Driven by AI, Cloud and 5G: Crisil Ratings
Sanchar Saathi Recovers 50,000 Phones in October; Crosses 700,000 Nationwide Since Launch
Akasa Air Expands Northeast Connectivity, Adds Dibrugarh as 32nd Destination
Ministry of Power Advances India Energy Stack with Taskforce Review of Strategy and Architecture
Vaishnaw Stresses Industry-Aligned Skilling to Power India’s Digital and Electronics Growth
DGCA Issues Urgent Advisory as Ethiopian Ash Cloud Enters Indian Airspace
DFCCIL Freight Operations Surge 48% as Corridors, Terminals Expand
SMFCL Board Clears $3 Billion Borrowing Plan to Accelerate Maritime Infrastructure Financing
Air India Restores Codeshare with Air Canada to Expand India-Canada Flight Network
Indian Railways Freight Loading Surges Past 1 Billion Tonne Milestone This Fiscal
Railways forms SPVs with States
The railways has started forming special purpose vehicles with State governments such as Odisha to undertake railway development in States.
5/25 scheme may benefit projects with stable cash flows
We must understand project finance in the traditional sense. Project finance works only when all material approvals for a particular project are in place and the same is then handed over to a successful bidder like the bidding for UMPP was done in India. The bidder can then straightaway proceed for financial closure. This will ensure there are no time and cost over-runs on account of delay in approvals.
Cell for Iran´s Chabahar port project
The government has set up a cell to speed work and monitor the setting up of the Chabahar port in Iran within a deadline. The Jawaharlal Nehru Port Trust (JNPT) has nominated four officers for coordinating the work.
New SPV to develop last-mile port connectivity
The Shipping Ministry is looking at setting up a special purpose vehicle (SPV) for all major ports to provide last-mile rail connectivity.
Atlanta bags road project from NHAI
Atlanta has secured single order from National Highways Authority of India (NHAI). The project is for the operation and maintenance of a four-lane highway Guwahati Bypass-Nagaon-Daboka-Udauli section of NH-37, 36 and 54/54E from
Global pension funds have both liquidity and appetite for long-term investments
In a freewheeling conversation, Moses Harding, Group CEO and Chief Economist, Srei Infrastructure Finance Limited, says that he is bullish over the prospects of the infrastructure finance sector.
Govt to set up SPV for manufacturing advanced aircrafts
A High-Level Committee, headed by Prime Minister Manmohan Singh decided to set up a Special Purpose Vehicle (SPV) for development and production of a civilian aircraft, of a 70-100 seater range. According to the proposal, the proposed SPV would gain design capabilities from National Aerospace Laboratories (NAL), Hindustan Aeronautics Limited (HAL) and other institutions in
Ministry trying to rope in firm for TAPI project
Union petroleum ministry continues to look out for a global company that can lead a consortium for implementing the 1,680-km TAPI pipeline project. The proposed pipeline will start from the South Yolotan-Osman field in Turkmenistan, passing through the troubled Herat, Helmand and Kandahar regions in Afghanistan via Quetta and Multan in Pakistan and finally ending at Fazilka (Punjab) in
Govt may adopt SPV model for proposed port projects
According to some media reports, central government plans to develop two major ports, one each in Andhra Pradesh and West Bengal, through special purpose vehicle (SPV)-based model. The central government may contribute Rs 5,000 crore as equity for the two projects. Reports indicate that the central government may contribute 74 percent of the total project cost, while the respective state gove



