Power Grid Corporation will launch a 1,200-kV ultra-high voltage (UHV) test station along with experimental lines in Bina of Madhya Pradesh in September.
Tag: Update
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Gangavaram port new berths
Gangavaram Port wants to add to the port's capacity by constructing, at the earliest, four new berths - one fully mechanised coal berth and three other multi-purpose berths.
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Kalinga Port project
Adani Group's Rs 10,000 crore Kalinga Port project in Orissa is awaiting clearance from the Orissa state government.
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Nokia to expand Chennai facility
Nokia Siemens Networks has announced the expansion of its manufacturing facility in Oragadam near Chennai from 35,000 to 55,000 sq m and increase the number of product lines by five to 33.
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Rs 5,000 cr road projects
The Public Private Partnership (PPP) Appraisal Committee, spearheaded by Economic Affairs Secretary R Gopalan, has approved 10 road projects with a total cost of Rs 5,000 crore.
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R-Infra to buy stranded road projects
Reliance Infrastructure (R-Infra) is planning to buy out licences to build road projects from companies which had bagged these through the bidding route but are then unable to proceed.
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Negative VGF: A new angle in confidence?
Roads Minister CP Joshi recently remarked that the success of NVGF bids reaffirms the confidence of developers in the efforts taken by the government in the highways sector, and that investors see prospects in the road sector.
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Reasonably bid projects have an easier funding chance
Satish Mandhana, Managing Partner, IDFC Private Equity, reminds us of some basics of how finance companies evaluate NVGF projects, and denies that they are looked at any differently from VGF projects.
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NHAI has shifted 100% risk to developer: Experts
With shift from the erstwhile revenue-sharing model to fixed premium model under NVGF, NHAI has managed to reduce its own risk. Four of the best road sector experts explain how NVGF works and why it reflects increased competition.
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The fact that bidders believe in good growth over a period of 20-30 years is a vote of confidence
The net present value of the bids NHAI has received this FY from NVGF from 12 projects on DBFOT is to the tune of Rs 16,500 crore. JN Singh, Member (Finance), NHAI, explains to Shashidhar Nanjundaiah why this limited revenue stream will go a long way in all-round road development.