Category: Roads

Union Minister Nitin Gadkari on Friday welcomed the announcements for MSMEs in the Budget and said his ministry has decided to raise the sector’s contribution to 50 per cent of the country’s GDP in the next five years from 29 per cent currently and provide jobs to 15 crore people. “The speciality of this Budget […]

Finance Minister Nirmala Sitharaman’s push for a ₹100 lakh crore investment in infrastructure is a welcome move but questions over execution remain. Sitharaman in the Budget speech said that an action plan to deepen the market for long-term bonds, including for deepening markets for corporate bond repos, credit default swaps, with specific focus on infrastructure […]

Srei Infrastructure Finance will hive off its lending business into subsidiary company, Srei Equipment Finance, as it focuses on growing the equipment finance business and reducing the infrastructure loan portfolio. Srei Infrastructure, the parent company, will largely focus on fee-based business through infrastructure advisory, infrastructure structuring and syndication, and other areas such as investment banking, […]

Anil Dhirubhai Ambani-led group company Reliance Infrastructure is looking to pare its debts to zero by 2020, as it expects a majority of claim adjudications to go its way. The standalone debt of Reliance Infra has reduced by almost 70 per cent to ₹5,960 crore at the end of 2019 fiscal. This was ₹19,143 crore […]

The Asian Development Bank (ADB) has approved a project worth Rs 1,650 crore to develop infrastructure in seven district headquarter towns of Tripura, a senior official has said. The ADB will provide Rs 1,650 crore, out of which 80 per cent will be grant-in-aid and the state will have to repay 20 per cent loan […]

L&T’s construction arm has announced bagging projects across transportation infrastructure, water and effluent treatment, buildings and factories, and Power Transmission and Distribution businesses. It has bagged an engineering, procurement and construction order from the Delhi Aviation Fuel Facility Limited (DAFFL) for the execution of fuel hydrant system development works at the Indira Gandhi International Airport […]

L&T’s construction arm has announced that it has bagged large orders from clients across various States for its varied businesses. It has bagged an engineering, procurement and construction order from the Delhi Aviation Fuel Facility Limited for the execution of fuel hydrant system development works at the Indira Gandhi International Airport at New Delhi. Also, […]

L&T’s construction arm has announced bagging projects across transportation infrastructure, water and effluent treatment, buildings and factories, and Power Transmission and Distribution businesses. It has bagged an engineering, procurement and construction order from the Delhi Aviation Fuel Facility Limited (DAFFL) for the execution of fuel hydrant system development works at the Indira Gandhi International Airport […]

Debt-ridden IL&FS, which had intiated a claims management process for its entities, has extended the last date for filing of claims. From the earlier deadline of June 5, the new IL&FS board has extended the last date to June 20, the company said in a statement. This extension is pursuant to the order passed by […]

The main access road to Bengaluru airport is being closed for expansion from June 10. “In two years’ time, the ride to and from the Kempegowda International Airport in Bengaluru will become seamless as the main access road to the passenger terminal will be widened from four lanes to ten (five on each side),” a […]

Road Transport and Highway Minister Nitin Gadkari took charge of his assigned ministry here on Tuesday. In the previous government too he held the same portfolio in addition to Shipping, Water Resources, River Development and Ganga Rejuvenation. On Tuesday, Gadkari also assumed charge of Ministry for Micro, Small and Medium Enterprises (MSME). “The most important […]

With the Serious Fraud Investigation Office (SFIO) investigation into IL&FS Financial Services (IFIN) flagging ever-greening of loans and serious violation of norms relating to credit concentration and net owned funds, the Reserve Bank of India may look at cancelling the licence of the non-banking finance company (NBFC). The central bank could invoke Section 45 of […]