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Developers of some 30 highway projects worth roughly Rs 30,000 crore that had hit a dead end are on the road again, thanks to a tweak in government policy last week. The modification allows promoters of these ventures many of them cash-strapped and
Tata Power, India's largest integrated power utility, today announced the successful financial closure for its 134 MW Amakhala Emoyeni Wind Farm Project through its South African Joint Venture Company with Exxaro, Cennergi (Pty.) Ltd.
This, however, means the showpiece transport infrastructure project delayed for more than three decades will not start this year as well. Sewri-Nhava Sheva Trans Harbour Link, will connect Mumbai and Navi Mumbai. The longest sea bridge in the country
Faced with an acute shortage in funds affecting the financial closure of some 50 major road projects, Indian highway builders have sought the government's immediate intervention to allow them to exit fully from completed projects. Infrastructure
PSUs, has entered in to an agreement for a syndicated loan of Rs5,080 crore with a consortium of 14 banks for the project. The JV would pay an average of 11.25% interest for the loans. Indian Oil, Bharat Petroleum and Hindustan Petroleum hold 26%, 11%
India, is expecting the number of pre-qualified bidders for road projects to drop drastically this fiscal as the sector heads for a consolidation phase. Last year, 99 firms had qualified for the annual pre-qualification process which ensures that
Over the past three months, the stock of small-size infrastructure company, Supreme Infrastructure India , or Supreme Infra, has fallen by 30% against a decline of 9.4% in the benchmark Sensex. Investor resistance could be due to the company's
Infrastructure major NCC Ltd's maiden thermal power project proposed at Krishnapatnam in Andhra Pradesh is all set to achieve financial closure. The company has already tied up debt for the project and the equity portion is being put in place. We are
A tussle over the release of the viability gap funding of Rs 1,392 crore (Rs 13.92 billion) to the developers of the Rs 5,100-crore (Rs 51-billion) proposed Worli-Haji Ali sea link, between the Maharashtra [ Images ] government and state-run
GMR infrastructire Limited, a Global Infrastructure major, today informed Bombay Stock Exchange that its Subsidary GMR Energy (Singapore) Pte Ltd has reached financial closure on its flagship 800 MW combined cycle project at Jurong Island, Singapore.