Reliance Infrastructure
In addition to the Prestige Estates Projects, Reliance Infrastructure, Jaiprakash Associates Housing Development and Infrastructure and Container Corporation of India are among the other gainers. Prestige Estates Projects jumped 12.23% to Rs 163.35. The stock topped the gainers in the BSE’s ‘A’ group. Reliance Infrastucture controlled by Anil Dhirubhai Ambani gained 10.01 percent to Rs 398.90was second [...] Continue Reading »
After the announcement of polls on Wednesday, the urban development minister wants the Group of Ministers (GOM) to take decision whether Delhi Metro Rail Corporation (DMRC) should terminate the payment to the private firm that was walked out of Airport Metro project. The minimum payment would be Rs 900 Crore in case the GOM takes [...] Continue Reading »
Today Reliance Infrastructure said it has started collecting toll from its 10th road project, a stretch linking Trichy and Karur in Chennai on NH-67 which is 63-km long. National Highways Authority of India (NHAI) had ordered RInfra for doubling the stretch into a four-lane one, maintaining and operating the project for 30 years from the date of signing of [...] Continue Reading »
Mumbai residents are likely to get alternative to congested roads and packed commuter trains as metro will be started before April, as announced by RInfra. The construction, signal testing and system integration have been completed for the line consisting of 12 stations. Mumbai Metro One Pvt. Ltd, a consortium of Reliance Infrastructure (69%), Mumbai Metropolitan [...] Continue Reading »
Reliance’s Trichy-Dindigul and Trichy-Karur infrastructure projects assigned negative outlook by ICRA Reliance Infrastructure has suffered a setback. ICRA, which is a credit ratings agency, has assigned a negative outlook to long term fund-based limits of its two road projects – Trichy-Dindigul and Trichy-Karur. The projects are located in South India. Negative outlook to Trichy-Dindigul is [...] Continue Reading »
New Delhi: With summer setting in, most parts of the country is likely to face power outage issues. Some states are unable to meet at least half the total demand in this season. The situation has worsened in places where state electricity boards have not secured the power they need to supply. Since many of [...] Continue Reading »
New Delhi- The Comptroller and Auditor General (CAG) alleged that the Delhi airport Metro link operator is involved in various misdeeds related to the project, flouting government norms and making huge financial benefits. In a draft report, CAG has mentioned that the Delhi Airport Metro Express Line (DAMPEL) has been puzzled with concessions to DAMPEL, [...] Continue Reading »
Residents and activists in Mumbai are working at a stretch to ensure that the route from Andheri to Bandra of Metro-II to be constructed underground as an elevated project would damage a lot of commercial and residential establishments. Various citizen groups have been campaigning for nearly two years for this cause. Activist Shyama Kulkarni of Action [...] Continue Reading »
The Brihanmumbai Electric Supply and Transport (BEST), that supplies power to south Mumbai, on Wednesday proposed to gradually increase the average cost of supply from its existing average tariff of Rs 4.22 per unit to Rs 5.60 per unit by 2015-16. Power tariff for around 10 lakh consumers in the island city of Mumbai-—from Colaba [...] Continue Reading »
