Infrastructure
Two Maharashtra road projects with a combined cost of about Rs.4,500 crore may be cancelled by L&T as they have turned ‘financially unviable’. The company has also communicated this with L&T. NHAI has directed the company to wait till the polls are over. The projects involve widening of 485 km of carriageway on two highways: [...] Continue Reading »
Sangvi-Kiwale Bus Rapid Transit System (BRTS) route will be constructed by the Pimpri Chinchwad Municipal Corporation (PCMC) to enable uninterrupted traffic flow. Joint city engineer Rajan Patil points out that a 14-km Sangvi-Kiwale Road is being developed. It starts from Mukai chowk in Kiwale to Rajiv Gandhi bridge on Mula river in Sangvi as a [...] Continue Reading »
In a mail to Lucknow Metro Rail Corporation’s (LMRC) Sreedharan suggests that an Agence Francaise de Development (AFD) loan is not best suited for the project. He points out that FIDIC contract conditions don’t suit the Indian situations and may lead to international arbitrations hiking the cost of the project. He adds that AFD would [...] Continue Reading »
NCC is looking to reduce its debt and is negotiating with potential buyers to sell two highway assets. Squared Capital, IDFC and Acropolis Capital are in the race for the two assets. The assets are Meerut-Muzaffarnagar highway and the Bengaluru-elevated expressway. NCC is expecting to obtain a combined enterprise value of aroundRs 2,000 crore from [...] Continue Reading »
Mutual funds (MFs) that invest in stocks of infrastructure companies are now performing well in the short term. The funds have gained 10% and 17.8% in the one-month and the three-month timeframe respectively. Shares of capital goods and power companies are gaining on the stock exchanges are gaining on hopes that an economic recovery would [...] Continue Reading »
The Delhi Metro Rail Corporation Ltd (DMRC) has awarded the Hindustan Construction Company (HCC) Ltd, a Rs 300 crore contract. This is the third time that the company has received contract from DMRC for the underground metro since October 2012 under the phase III development of Delhi Metro. The contract is primarily for the design [...] Continue Reading »
The bid for privatisation of six airports has been postponed to June due to the ongoing general elections, said officials of the Airports Authority of India (AAI), the nodal agency overseeing the bidding process. The due date for the Requests for Qualification (RFQ) for the Chennai, Kolkata, Lucknow and Guwahati airports has been pushed a [...] Continue Reading »
Banks have started insisting on investigative audits for engineering, procurement and construction (EPC) units who are looking to recast their loans. A forensic team will evaluate such companies and reduce the chances of any ‘package failure’ in corporate debt restructuring (CDR). The bankers will look in a detailed manner in case of all the related [...] Continue Reading »
The first meeting on roads for revising the draft of the city’s development plan (DP) was held and the roads in the proposed DB were discussed. 13 committees comprising officials have been formed to conduct the basic survey of the draft DP. 10 committees have already submitted their basic survey reports. The remaining reports are [...] Continue Reading »
In a filing to BSE the company declared that they have won a contract to design and construct infrastructure facilities of Zliten city (Libya). The project will involve design and construction of the storm and sewer network, water network, telecommunication and power distribution network, natural gas network, street lighting and road works including landscaping of [...] Continue Reading »
