Failing to move ahead and UK-based infrastructure fund Eredene Capital PLC withdrawing, the Ennore port has decided to a float fresh tender for its much-delayed port-cum-terminal project. The decision to
The Odisha state government has started the process of verifying the progress made by projects for which the state had entered into MoUs in the past couple of years.
Lanco Infratech, is looking for a stake buyer for the coal-fired Amarkantak, Baband and Anpara power plants has reportedly reached out to its Malaysian partner, Genting.
Grappling with mounting debt on one hand and huge receivables on the other, the midway out for Lanco Infratech in a poor market condition, was to trim workforce.
Foreign investors are further cutting their holdings in under-performing companies in the capital-intensive infrastructure, capital goods and real estate space.
The 3,300-km Dedicated Freight Corridor has finally attracted global construction majors vying for about Rs 12,000-crore of civil works for two packages on the Eastern Corridor. They include not only Indian majors but also firms from China, Russia and Spain.
Lanco Infratech Ltd said that the Griffin coal project in Australia is likely to gain A$150 million (about Rs 870 crore) following revision of fuel supply prices with Bluewaters Power Station.
The 2nd India-China Strategic Economic Dialogue saw seven Indian companies sign agreements worth over US$5 billion with their Chinese counterparts for investments in India.
Engineering and construction major Lanco Infratech has entered into a Memorandum of Understanding (MoU) with the China Development Bank and other Chinese financial institutions for a $2-billion debt for two power projects totaling 2,640 Mw.
Power Ministry has sought a few changes in the model fuel supply agreement that Coal India Ltd has to sign with power firms by the November-end deadline set by the PMO.
The infrastructure arm of Lanco Group, Lanco Infratech has posted a loss of Rs 135.9 crore for second quarter ended September 30, 2012. The infrastructural major had registered a loss of Rs 259.5 crore for the corresponding quarter last year.
Debt-laden Lanco Infratech Ltd’s plan to raise $750 million (around Rs 4,065 crore) by selling stakes in its power-generating businesses to Macquarie Group Ltd pare debt has hit a roadblock.
Owing to the increasing presence of Indian Infrastructure companies in LATAM region, two countries from the region are planning visit the country to attract Indian investments in infrastructure.
The Prime Minister's Office (PMO) has asked both Coal India and Central Electricity Authority to work on the issue of the price pooling mechanism of imported coal, which is unresolved.
Grup Maritim TCB SL, Spanish port operator, has declined a loan offer of Rs 1, 386 crore to construct a container terminal at Ennore port in Tamil Nadu. Moreover, the Spanish port operator has exited from the project.