Infrastructure
In the three months to June 2014, the number of loss-making companies in the BSE 500 universe declined for the first time in seven quarters. It seems that after the change of leadership at the center, there are some positive vibes in the market and the companies have improved their sales turnovers. Of a subset [...] Continue Reading »
Chief Minister J Jayalalithaa on Sunday announced several projects worth more than Rs 2,000 crore for infrastructure development in Coimbatore city. The projects include 2,912 houses for the homeless to be built at a cost of Rs 443.6 crore, underground drainage and storm water drains in extended areas of the city corporation at an estimated [...] Continue Reading »
The Reserve Bank of India (RBI) has said about 36 % of the overall 4.1 % bad assets in the system have been created by the six sectors of the economy – infrastructure, metals, textiles, chemicals, engineering and mining. The central bank stated that these sectors, though, have only 30 % of the credit share [...] Continue Reading »
Several weeks after some of the officials were beaten up so badly that they had to be hospitalized following an anti-encroachment campaign; the Municipal Corporation of Gurgaon (MCG) has decided to request the state government for a dedicated police force during the anti-demolition drives. The offficials say that over 669 acres of the 3663 acres [...] Continue Reading »
The Ansal Properties group and Infrastructure today has reported a 17.14 percent decrease in the consolidated net profit for the quarter ended June 30 at Rs 7.20 crore, mainly due to lower sales volume and decline in price realisation. The company had reported a net profit of Rs 8.69 crore in the corresponding quarter of [...] Continue Reading »
Major moves to improve the quality of life in the national capital are being undertaken by the state government to uplift the face of the nation. Delhi being the national capital of India receives the maximum number of foreign delegates and they make an impression about the country by looking at the capital. If we [...] Continue Reading »
The government is redesigning the way highways projects are allocated based on the assessment of their viability. This step is taken to fast track the awarding of the highway projects, and thereby expediting the construction process. This move might be good for the infrastructure development of the country. According to the sources, projects would now [...] Continue Reading »
Large infrastructure companies such as GMR Infrastructure Ltd and Jaiprakash Associates Ltd have been quick to raise several thousands of crore rupees by selling shares to savvy financial investors, known as qualified institutional investors, in the past three months. Now, several mid-size infrastructure companies are looking to raise money through initial public offerings, or IPOs, [...] Continue Reading »
The Union Govt earmarked an amount of Rs 7,060 crore, in the Budget 2014-15, for developing 100 smart cities in the coming years; thereby underscoring that efforts are underway to revive the country’s infrastructure investment. For achieving its plans with regard to infrastructure investment, the Govt will consider existing models like public-private partnership and infrastructure [...] Continue Reading »
There is some good news for the Infrastructure projects. The sector was reeling under the slowdown and the banks had declared many loans to such projects as bad debts. Infrastructure companies may take advantage of a small window of opportunity offered by the Reserve Bank of India (RBI) to refinance at least Rs 30,000 crore [...] Continue Reading »
