Ennore port to call fresh bids for port-cum-terminal project, L&T among 11 keen
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
Odisha taking stock of MoU signed steel, power projects
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 homes down to Genting buying stake in its power plants
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.
Lanco Infratech cuts workforce in poor business conditions
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.
FIIs are clipping exposure in under-performing realty, infrastructure companies
Foreign investors are further cutting their holdings in under-performing companies in the capital-intensive infrastructure, capital goods and real estate space.
Ten global construction companies in race to build first dedicated freight corridor
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’s Australian arm to gain Rs 870 cr from new coal supply deal
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.
Infra deals worth US$5 bn signed at 2nd India-China Strategic Economic Dialogue
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.
Lanco Infratech inks deal with Chinese banks, financial institutions for power projects
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 wants for more changes in FSA model
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.
Lanco Infratech posts Rs 136-crore loss in Q2
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.
Lanco Infratech’s talks with Macquarie to sell stakes put off
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.
Latin American companies to tie up with Indian infra companies
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.
Coal India, CEA advised to work on price-pooling of coal by PMO
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.
Spain’s Grup Maritim exits Ennore port despite loan offer
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.