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Tag Archives: infrastructure

IRB Infrastructure Developers’ arm receives provisional certificate for toll collection

IRB Infrastructure Developers’ wholly-owned SPV — Yedeshi Aurangabad Tollway has been issued a Provisional Certificate by the Competent Authority for Yedeshi Aurangabad BOT Project. Consequently, the SPV has started partial toll collection on this project. IRB Infrastructure Developers undertakes development of various infrastructure projects in the road sector through several special purpose vehicles. WhatsAppFacebookTwitter Read More »

GMR Infrastructure’s arm receives LoA from MIHAN

GMR Infrastructure’s subsidiary — GMR Airports (GAL) has received the formal Letter of Award (LoA) from MIHAN India, the Concessioning Authority for the Nagpur Airport, towards the Development, Operations and Management of Dr. Babasaheb Ambedkar International Airport, Nagpur, at a revenue share of 14.49% of gross revenues. GMR Infrastructure is engaged in generation of power, mining and exploration activities, development ... Read More »

Home Minister to inaugurate 28 major infrastructure projects of CAPF

He will also lay the foundation stone for three infrastructure projects of Land Ports Authority of India. These projects, involving 71 non-residential buildings, over five thousand residential quarters and 34 barracks, constructed at a total cost of around 1900 crore rupees. The projects are spread across 17 States including Assam, Kerala, Delhi, Uttar Pradesh, Tamil Nadu, Andhra Pradesh, Maharashtra, Bihar, ... Read More »

Oriental Bank of Commerce sells stake in NSDL e-Governance Infrastructure

Oriental Bank of Commerce has sold 0.8425% equity stake in NSDL e-Governance Infrastructure out of 3.125% equity stake held by the Bank prior to such sale. Oriental Bank of Commerce is a commercial bank. The Bank operates in four segments: treasury operations, corporate/wholesale banking, retail banking and other banking business operations. Read More »

Sadbhav Infrastructure Project’s toll collection rises 6.2% in Q3FY19

Sadbhav Infrastructure Project’s collection of toll revenue from its 10 operational Special Purpose Vehicles (SPVs) has increased by around 6.2% to Rs 2,757.6 million in Q3FY19 from Rs 2,597.8 million in Q3FY18. The company’s toll revenue from its Ahmedabad Ring Road Infrastructure (ARRIL) in Q3FY19 has increased by around 4.8% to Rs 242.1 million from Rs 231.0 million in Q3FY18. ... Read More »