Tuesday , 25 June 2019
Breaking News

Tag Archives: infrastructure

India Ratings downgrades Reliance Infrastructure’s long-term issuer rating

Ratings agency India Ratings has downgraded Reliance Infrastructure’s (RInfra) long-term issuer rating to ‘D – Issuer Not Cooperating’. The downgrade comes after the company’s auditors raised red flags over its financial results as well as significant doubt over the group’s ability to continue as a going concern. RInfra is one of the largest infrastructure companies, developing projects through various Special ... Read More »

PTC India Financial Services inks MoU with SREI Infrastructure Finance

PTC India Financial Services has signed a Memorandum of Understanding (MoU) with SREI Infrastructure Finance. This partnership aims to facilitate financing, syndication, and advisory services in the fast growing Energy Value Chain across industries in India. PTC India Financial Services is an Indian non-banking financial institution. The company makes principal investments in, and provides financing solutions for, companies with projects ... Read More »

Odisha: Damage to electrical infrastructure extensive

The priority is to restore basic infrastructure particularly electricity and water at the earliest.  Over 1000 workers from Andhra, Telangana and West Bengal are engaged in complete restoration of power supply within next two to three days in Bhubaneswar. Intensive efforts are also being taken to fully restore telecom services in the state as well. Normalcy meanwhile.. is returning as ... Read More »

KPI Global Infrastructure commissions 2.2 MW solar power project in Bharuch

KPI Global Infrastructure has successfully installed and commissioned 2.2 MW solar power project with effect from April 30, 2019 at Village-Sudi, Ta-Bharuch, and district Bharuch under ‘Independent Power Producer (IPP)’ category for United Phosphorous, Vapi for which GEDA has issued Certificate of Commissioning. KPI Global Infrastructure is a solar power generating company focused on providing solar power, both as an ... Read More »

Sadbhav Infrastructure Project’s arm submits financial closure for Karnataka project

Sadbhav Infrastructure Project’s wholly owned subsidiary — Sadbhav Tumkur Highway (STHPL) has submitted draft financing documents to National Highways Authority of India (NHAI) in relation to Financial Close. The company has submitted the same for project of four laning of Tumkur-Shivamogga section from Km. 121 +900 (Banwara) to Km. 170+415 (Bettadahalli) of NH-206 on Hybrid Annuity Mode under NHDP Phase-IV ... Read More »

Superspace Infrastructure gets nod to open corporate office in Kolkata

Superspace Infrastructure has received an approval to open a corporate office at 4, Netaji Subhash Road, Kolkata, West Bengal with effect from 24 April 2019. The Board of the Company at their meeting held on April 24, 2019, approved the same. Superspace Infrastructure (formerly, Surabhi Chemicals & Investments) was engaged in Investment and Chemicals and with the change in management ... Read More »

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 »