Infrastructure
On Wednesday, the Uttar Pradesh cabinet sanctioned the draft MOU which was to be signed between Ghaziabad Development Authority and the Delhi Metro Rail Corporation on the matters of extension of Metro in Ghaziabad. The corridor which is about 8.41 kilometres long and elevated will link the Dilshad Garden of Delhi with New Bus Stand [...] Continue Reading »
The reported decision by the Maharashtra government to shut down 44 toll gates in the state has apparently triggered the sale of the shares of IRB Infrastructure Developers Ltd.; with the company’s stock having already witnessed a 9 percent plunge in the last three trading sessions. The decision by the government to close the toll [...] Continue Reading »
According to unidentified sources, the concession agreement for the Mumbai Metro II – the 32-km-long underground Metro rail link between Charkop and Mankhurd via Bandra – will likely be scrapped by the Mumbai Metropolitan Region Development Authority (MMRDA) and Reliance Infrastructure. It has been reported that the apparent termination of the concession deal for the [...] Continue Reading »
With issues related to Reliance Infrastructure power and infrastructure businesses having led to a significant de-rating of the company’s stock in the recent past, the Street has, of late, again started showing confidence in the company’s projects. Reliance Infrastructure and other infrastructure firms had to bear the brunt of the previous government’s policies as well [...] Continue Reading »
When India’s capital was given the Delhi Metro, it completely changed into the fast-paced city that you see today. India’s financial capital is gearing up for a similar change with the forthcoming Versova Andheri-Ghatkopar (VAG) corridor commissioning of the Mumbai Metro. The PPP initiative from a major French transportation company, Veolia, and Reliance Infra is [...] Continue Reading »
After the wait was finally over, the city of Mumbai finally experienced the rush and joy of the metro ride within six hours of its operation on Sunday itself when Prithviraj Chavan who happens to be the chief minister flagged offs its service. According to one of the Mumbai Metro One Spokesperson, it passes the [...] Continue Reading »
The Mumbai Metro Rail which was earlier going through a phase has finally cleared its last and most important intrusion since the Railway Board had given it final permission in order begin with all the commercial operations to the operator itself named the Anil Ambani Mumbai One. The operation which is for about 11.4 kilometres [...] Continue Reading »
Toll collection on the Hyderabad-Karimnagar-Ramagundam roadway has started with effect from June 1, 2014, after an independent consultant gave a provisional completion certificate to Gayatri Project’s special purpose vehicle HKR Roadways Ltd (HKRRL). The provisional completion certificate for the roadway was given to HKRRL on May 30, 2014. Hyderabad-based infrastructure and construction company Gayatri Projects [...] Continue Reading »
In a recently-issued statement, RV Verma – the officiating Chairman of pension regulator PFRDA – said that requisite steps will soon be taken by PFRDA to increase the flow of funds into the infrastructure sector. According to the details shared by Verma, PFRDA – Pension Fund Regulatory and Development Authority – is presently working on [...] Continue Reading »
Those companies and private developers who refuse to pay minimum wages to their workers will face cancellation of licenses. After seeing large number of breaches of the minimum wages order, the government of Delhi has come to a conclusion all companies will pay their workers through cheque or electronic cash transfer. The labour joint companies [...] Continue Reading »
