More than two years after the Securities and Exchange Board of India (Sebi) had issued guidelines for infrastructure investment trusts (InvITs), the markets watchdog has finally granted three companies - IRB Infrastructure, GMR and MEP Infrastructure - to launch the trusts.
SPML Infra on Tuesday said its debt will reduce significantly after a Cabinet decision that allows release of 75 per cent of the arbitral awards against bank guarantee in cases where the award is challenged.
Reliance Infrastructure (RInfra), which has over Rs 14,000 crore under advanced stages of arbitration for various projects, on Friday hailed the Cabinet's decision to revive construction sector, terming it a "landmark initiative".
India's annual infrastructure output growth slowed to 3.2 per cent in July, mainly dragged down by a slowdown in production of electricity, cement and fertilizer, government data showed on Wednesday.
The Centre on Wednesday gave nod to a Rs 1,145-crore project at Mormugao Port, Goa, for redevelopment of berths on public private partnership (PPP) mode.
In a bid to revive the stuck construction and real estate projects, the Cabinet on Wednesday approved an array of measures to help quickly resolve disputes, pump in liquidity and deal with stressed assets.
Government on Tuesday approved 16 highway projects in 11 states to be executed at a cost of Rs 7,457 crore.
The project includes user fee collection rights at Sau Kala toll plaza and the operations will commence from September 14, after complying with the statutory formalities.
To attract investors for expansion and modernisation of rail infrastructure, Railways is setting up a Rs 30,000 crore fund, a first-of-its-kind for the national transporter, for implementation of remunerative projects across the country.
Effective implementation of measures announced in the Budget and Kelkar Committee recommendations will pave the way for revival of infrastructure, rating agency Icra said on Thursday.
Infrastructure major Hindustan Construction Company (HCC) on Tuesday said it has won a contract worth Rs 1,749.59 crore from IRCON International to construct two tunnels and a bridge in Jammu and Kashmir.
The government has asked the New Development Bank (NDB) to focus on making a strong pipeline of projects in the infrastructure sector which can play a catalytic role in promoting inclusive growth.
To augment India's shipbuilding and repair capacity, the government on Wednesday approved construction of a new dry dock at Cochin Shipyard Ltd (CSL) at a cost of Rs 1,799 crore.
The National Highways Authority of India (NHAI) may award 97 projects covering 6,631 km and worth Rs one lakh crore during the current financial year, its chairman Raghav Chandra said on Thursday.
Chinese government-owned China Railway Construction Corporation Limited (CRCC) has evinced keen interest in participating in National Highways Authority of India (NHAI) projects, the Indian government said on Tuesday.