Epc Projects
From RIL to L&T and Adani, corporate giants build on EPC rule change
A shift from the high-debt hybrid annuity scheme for infra projects to a low-debt, performance-linked model is encouraging government and private majors to pivot to this business in a bigger way
 "From RIL to L&T and Adani, corporate giants build on EPC rule change")
Reliance Industries seeks shareholder nod to alter MoA for EPC undertaking
Move comes following approval by RIL board in October to restructure the business; company also seeking shareholder nod for appointment of KV Kamath as RIL independent director
 "Reliance Industries seeks shareholder nod to alter MoA for EPC undertaking")
RIL to demerge subsidiary RPPMSL's EPC business, combine it with its own
The demerged undertaking, together with the existing EPC team of RIL, will create a focused EPC undertaking to cater to the needs of the group
 "RIL to demerge subsidiary RPPMSL's EPC business, combine it with its own")
Domestic module manufacturer Vikram Solar gets Sebi nod to launch IPO
The firm produces solar photo-voltaic modules and is an integrated solar energy solutions provider offering EPC services, and operations and maintenance services
 "Domestic module manufacturer Vikram Solar gets Sebi nod to launch IPO")
India's largest floating solar power project now operational in Telangana
Energy conglomerate National Thermal Power Corporation (NTPC) has set up the 100 megawatt (MW) plant through Bharat Heavy Electricals (BHEL) under Engineering, Procurement and Construction contract
 "India's largest floating solar power project now operational in Telangana")
Ministry of Railways to monetise redeveloped stations through REITs
The decision assumes significance as MoR has been lagging behind in achieving its targets under the National Monetisation Pipeline (NMP) of the Centre, during the last fiscal year
 "Ministry of Railways to monetise redeveloped stations through REITs")
KNR Constructions dips 4%, hits 52-week low on margin concerns
As on March 31, 2022, the company has an order book position of Rs 9,001 crore. With this, KNR has targeted further order book inflow of Rs 4,000 to Rs 5,000 crore for the year FY23.
 "KNR Constructions dips 4%, hits 52-week low on margin concerns")
EPC road firms could face slowdown in revenue growth in FY20, FY21: Crisil
Slower project awarding and delayed receipt of 'appointment date' (on which projects are kicked off) from the NHAI are the main contributors to this decline
 "EPC road firms could face slowdown in revenue growth in FY20, FY21: Crisil")
Waiver of earnest money deposit relief for mid-sized highway players: Icra
Central road implementation agencies seek 1% of contract value as bid bond guarantees
 "Waiver of earnest money deposit relief for mid-sized highway players: Icra")
NHAI at a crossroads on debt servicing; 'concerned' PMO raises red flags
According to SBI Caps, the proportion of debt funding has risen sharply in the recent NHAI projects
 "NHAI at a crossroads on debt servicing; 'concerned' PMO raises red flags")
Govt plans monetisation of EPC projects just after completion
Immediate monetisation would allow the govt to save on operation and maintenance cost
 "Govt plans monetisation of EPC projects just after completion")
