Infrastructure
With the real estate market having received a notable impetus from infrastructure growth all over India, developers who have projects coming up close to National Highway 3 (NH3) are optimistic of an imminent rise in realty prices in the near future. Of late, Thane and adjoining areas have developed fairly rapidly, thanks to the increased [...] Continue Reading »
The government will consider if the toll rates will be reduced for only vehicles bearing Haryana registration numbers or the relief should be extended to all vehicles which pass through the toll plazas. The Haryana cabinet is likely to take a decision on reducing toll tax in the state. The government was planning to give [...] Continue Reading »
Srei Infrastructure Finance plans to raise Rs 600 crore in FY15 through retail bonds. Moses Harding, group chief executive officer (liability and treasury management) and chief economist of Srei Infrastructure Finance said “The objective is to reach out the Srei brand into the retail segment, broaden the investor/lender base and de-risk concentration from bank funding. [...] Continue Reading »
A potential joint venture is being worked out by Tata Realty and Infrastructure and Ferrovial SA of Spain to bid jointly for Mumbai’s second airport project — the Navi Mumbai airport. Tata Realty and Infrastructure’s intentions of bidding for the Navi Mumbai Airport project – most likely in collaboration with Ferrovial – marks the company’s [...] Continue Reading »
The company was selected as the preferred bidder to develop and run a toll road project worth Rs 3,200 crore ($528.45 million) in Maharashtra. As a result, Shares in IRB Infrastructure Developers Ltd gained as much as 3.8 percent in intraday trade. Macquarie started coverage on the stock with an “outperform” rating and a target [...] Continue Reading »
GMR Infrastructure has made an upfront 14.4 billion Philippine Pesos (about USD 320 million) payment in an agreement to develop and operate the Mactan Cebu International Airport in the Philippines. The company has won an international bid, together with Philippines based construction firm Megawide. The bid involves developing and operateing the Mactan Cebu International Airport [...] Continue Reading »
Larsen and Toubro (L&T) has strengthened its presence further in the overseas market, especially the Gulf region. The company has won Rs 4,510 crore order for design and construction of the Golden Line of the Doha metro project. The company has secured order along with its joint venture partners Aktor – Greece, Yapi Merkezi Insaat [...] Continue Reading »
Larsen and Toubro received the order from Qatar Railways Company for the design and construction of the Gold Line of the Doha metro project. L&T formed the JV with four other partners. Two partners are from Turkey and one each from Greece and Qatar form the JV. The total order awarded to the JV is [...] Continue Reading »
A day after his meeting with top brass of the metro cell, Principal advisor to Lucknow Metro Rail Corporation E Sreedharan, on Tuesday, met chief minister Akhilesh Yadav. It is learnt that he told the CM about various formalities before going ahead with the ambitious project. Some of the sites were inspected by him on [...] Continue Reading »
Allegations of abuse of dominant market position against Ansal Township and Land Development with regard to the realty company’s commercial project in Jalandhar, Punjab were rejected by fair trade regulator Competition Commission of India (CCI). The CCI is of the view that the company did not appear to be in a dominant position in the [...] Continue Reading »
