Page 15 - Infrastructure

India to see $66 bn investment in gas infrastructure, says Pradhan

LNG import terminals and capacity additions are planned on both east and west coast.

Nettle Infra buys 4.94% stake in Bharti Infratel for Rs 2,882 crore

Bharti Airtel on Wednesday said its subsidiary Nettle Infrastructure Investments has acquired an additional 4.94 per cent stake in Bharti Infratel for Rs 2,882.32 crore.

Core sector shrinks eighth month in row, sharper sequentially in October

Contraction due to decline in production of crude oil, natural gas, refinery products and steel

Govt to infuse Rs 2,000 cr in NIIF debt fund in FY21 for infra development

Union Cabinet approves Rs 6,000-cr fund over two years; this year's allocation to come if there is demand

Govt plans to set up charging infrastructure across 69K petrol pumps

The government is planning to set up at least one e-charging kiosk at around 69,000 petrol pumps with an aim to accelerate the uptake of electric vehicles, Union minister Nitin Gadkari said

FM Sitharaman gives infrastructure sector Rs 16,200-crore liquidity shot

Apart from that, Rs 10,200 crore will be given as direct support for infrastructure creation

Economic stimulus measures to help accelerate economic activity: SIAM

The industry body said it appreciates the proactive role being played by the government

IL&FS Engineering net loss widens to Rs 73 crore in September quarter

IL&FS Engineering on Wednesday reported widening of consolidated net loss to Rs 73.16 crore in the quarter ended September. The engineering arm of the troubled IL&FS Group had reported a total consolidated net loss after exceptional items and tax at Rs 56.64 crore for the corresponding quarter of the previous fiscal, the company said in a BSE filing. Its total consolidated income from operations for the quarter under review stood at Rs 77.65 crore as against Rs 144.03 crore in the corresponding quarter a year ago. The company's expenses during the September quarter were Rs 103.23 crore as against Rs 141.57 crore in the year-ago period.

State govt-funded infra capex expected to remain weak in near term: ICRA

As per ICRA estimates, major states together had a budgeted capital outlay of over Rs 5.7 trillion for FY2021 as against revised estimates (RE) of Rs 5.1 trillion in FY2020

Centre sets ambitious highway targets, but few firms can deliver

Maintaining cash flow a problem; experts feel global players needed for execution, maintenance

'India is the place to be': Modi seeks investors for infra, manufacturing

"If you want returns with reliability, India is the place to be," Modi told a virtual conference of 20 major global investors, including pension funds

Need to think of data as infrastructure, says CEA K V Subramanian

Addressing a virtual event here, Subramanian said it is not just ease of doing business, but also ease of living that has to be enhanced using data

Centre to seek Parliament's nod for additional Rs 37,000 cr infra push

Centre will seek the Parliament's approval for additional spending of Rs 37,000 crore on infrastructure development in the second batch of supplementary demands for grant.

InvITs to acquire over Rs 4 trillion of infra assets in five years: Icra

At present, there are six InvITs which have raised over Rs 27,600 crore from investors, while a seventh entity is in advanced stage of raising Rs 25,200 crore, Icra said

Zojila tunnel to give Srinagar valley and Leh all-weather connectivity

Work on the much awaited Zojila tunnel will finally commence on Thursday after Road Transport and Highways Minister Nitin Gadkari initiates the first blasting at the 14.15 km long structure

Light at the end of the tunnel: Work on Zojila project to start on Thursday

Once up and ready, the 14.15 km stretch will be will be the longest bi-directional road tunnel in Asia

Higher capital expenditure could help states deal with projects: Experts

The central allocation of Rs 25,000 crore, in addition to Rs 4.13 trillion given in the Union Budget, would be provided to states for capital expenditure

ADB, govt ink $570 mn loan agreement to fund public infra in Rajasthan, MP

Under the funding programme for Rajasthan, water supply systems in at least eight project towns are expected to improve by 2027, benefiting more than 5,70,000 people

Cambodia denies new speculation about Chinese base, says its planned infra

The stories were based on satellite photos showing the demolished facility and statements from Cambodian officials

UP infra arm to bid for global projects, float special tendering wing

Rajkiya Nirman Nigam has bandwidth for Rs 5,000 cr projects