Srei Group is planning to acquire distressed assets in power and road sectors. The company is interested in assets which have already undergone a credit restructuring or lenders or promoters are ready to exit
Tag: West Bengal
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Centre to develop two new major ports in AP, WB
The Government has decided to develop two new major ports with private participation under the Public Private Partnership (PPP) Mode, one at Dugarajapatnam in Andhra Pradesh and the other at Sagar Island in West Bengal, said the Union Minister of Shipping GK Vasan in a written reply in the Lok Sabha on August 26.
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IOC, ONGC to bid for stake in HPL
West Bengal government may invite joint bidding by Indian Oil Corporation and Oil & Natural Gas Corporation (ONGC) for selling its about 40 per cent stake in Haldia Petrochemicals (HPL). It is learnt that besides IOC, and ONGC, RIL, Cairn India, and GAIL are also eyeing the stake. The state government rejected Reliance IndustriesÂ’ (RIL) plea for an open auction for stake sale as it already announced it woul
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WB to implement LPG direct cash trasfer from Jan
In West Bengal, the Direct Benefit Transfer (DBT) scheme for LPG consumers will be implemented from January 1st by transferring the subsidy directly to consumers' bank account in three districts - Kolkata, Howrah and Cooch Behar.
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Govt to shift locals to pave way for pending project work
West Bengal government decided to shift 35 tenants and eight landlords to makeshift houses at the ground adjacent to Bidyadhari School in Duttabad in order to complete the remaining work on the elevated East-West Metro project. Owing to issue on rehabilitation of residents, the construction of 5.77-km elevated part of the 14.58 km corridor between Howrah Maidan and Nabadiganta Tow
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Naxal-hit West Bengal districts get Rs 822 cr for roads
The Union government has cleared Rs 822-crore for roads projects in three Maoist-affected districts of West Bengal. The sanction for 447 road projects for the districts of Paschim Mednipur, Bankura and Purulia comes soon after the Union government approved Rs 523-crore road projects for the state.
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Minister clarifies on 2 major port projects
The government has decided to set up two new major ports – one each at Sagar in West Bengal and the other at Dugarajapatnam in Andhra Pradesh. This information was given by Minister of Shipping GK Vasan in a written reply in the Lok Sabha. In respect of the Sagar Port, RITES has estimated capital cost (including connectivity project) at Rs 7,820 crore. The tentative cost for Dugarajapatnam has been estim
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Two major ports likely to come up at Sagar and Dugarajapatnam
Two new major ports are likely to come up at Sagar in West Bengal and at Dugarajapatnam in Andhra Pradesh. RITES has estimated capital requirement, including connectivity project cost at Rs 78.2 bn for Sagar Port.
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West Bengal govt to rope in pvt sector for infra development
West Bengal government plans to build and improve 4,000 km of highways on public-private partnerships (PPP) mode, the state's Industrial and Investment Policy, 2013 shows. The move is part of the state government's plan to build physical infrastructure in the state rapidly to promote large-scale industries
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Coast Guard adds 4th Dornier to its aircraft fleet
To enhance its maritime surveillance capability over the coastal region in West Bengal and Odisha, the Indian Coast Guard (ICG) North East Region on July 31 inducted a fourth Dornier aircraft under its operational air enclave in Kolkata. This is the fourth Dornier aircraft to be inducted into the enclave operated by the 700 Squadron of the Indian Coast Guard (ICG). The enclave operates from the Netaji Subhas International Airport in Kolkata. This was the first ICG air squadron in the country.