Infrastructure
A consultant will be hired for the interior works of these buildings. The committee has given the approval for the conceptual drawings for the remaining buildings of the Beant Singh Memorial. These buildings are sarva dharam repository, cafeteria, exhibition-cum-multipurpose hall, guest house and convention centre-cum-auditorium block and parking. So that the budgetary approval will be [...] Continue Reading »
Impacting the finances of banks and infrastructure developers, infrastructure development, which should have been funded by the corporate bond market, was done through banks. Krishnan said at a CII event on corporate bond market, “From the first three pillars, the corporate bond market will develop high-grade instruments, whereas the fourth pillar would provide stability to [...] Continue Reading »
It will provide relief to commuters from traffic jams on the Ambala-Chandigarh Highway. The project launched by the state government in 2012 is likely to be completed soon. A six-lane ring road will divert Delhi-Manali, Delhi-Dharamsala, Delhi-Shimla and Shimla-Patiala-Bathinda traffic from Zirakpur. It will provide a major relief to the commuters from frequent traffic jams. [...] Continue Reading »
Embassy Group and Sobha Developers shelled out over Rs. 1,500 in what can be termed as one of the biggest real estate deals in the country. Embassy Group and its joint venture partner, private equity firm Blackstone, acquired 60 per cent stake in a 106-acre business park for Rs. 1,200 crore. Sobha Developers shelled out [...] 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 »
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 »
As per Masanori Nakano, the Japanese Consul-General, the comprehensive integrated master plan for development of Chennai Bangalore Industrial Corridor (CBIC) will be ready by March next year. Speaking to the gathering on the silver jubilee celebrations of Indo-Japan Chamber of Commerce and Industry (IJCCI) in Chennai, he said that the number of Japanese companies in [...] 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 »
Of the cases approved in FY13 and first half of FY14, companies in the construction or infrastructure sectors form the highest proportion of Corporate Debt Restructuring, according to rating agency ICRA. Indian construction sector is in a tight spot due to delay in environmental clearances, high land acquisition costs and increased due diligence by lenders. [...] Continue Reading »
The developers – Aditya Birla Group owned Hindalco Industries Ltd, Saraf Agencies and state owned Odisha Industrial Infrastructure Development Corporation (Idco) – are yet to utilise full land within their notified SEZs. Around 115.70ha land is lying vacant in Hindalco’s aluminium products SEZ at Lapanga near Sambalpur. Saraf Agencies have 105.20 ha land lying vacant. [...] Continue Reading »
