Gujarat Industries Power Company Ltd (GIPCL) has cancelled Letters of Intent issued to Lanco Infratech for EPC contracts as the latter had violated the EPC tender conditions. The contracts
The Odisha government has decided to develop a common rail corridor for the Rampia coal block, after a similar corridor planned for the Angul-Talcher-Chhendipada belt. The Rampia and dip side Rampia coal
The Coal Ministry had earlier set a deadline of August 31 for signing of fuel supply agreements (FSAs) which could not be met. Another deadline of September 6 was also not fulfilled. So far
Lanco Infratech Ltd, the Hyderabad-based business conglomerate, is back in black during the fourth-quarter of 2012-13, despite fall in income. However, on a consolidated basis, it reported a net loss for
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.
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.
Infrastructure major Lanco Infratech has plans to raise $1 billion by selling non-core assets and diluting equity in some of its subsidiaries by the end of this fiscal.
Lanco Infratech will enter into a fresh agreement with the Madhya Pradesh government for supply of the entire 300 Mw power from its Korba power plant in Chattisgarh. The state has agreed to waive the rate ceiling for power to be supplied from the plant, after the two sides reached a settlement through arbitration.
Lanco Infratech Ltd on Thursday said that the reforms brought about by the National Highway Authority of India (NHAI) will provide ample opportunity for infrastructure companies.
The global investment banking firm Goldman Sachs in its report said that Hindustan Construction Company (HCC) and Lanco Infratech carry highest risk in servicing their existing debt.
The Coal India Ltd (CIL) board is likely to take up the issue of coal price pooling today for implementation of the modified Fuel Supply Agreement (FSA).
At a time when Indian infrastructure and construction companies are reeling under immense pressure in a tough business environment, they prefer bidding for engineering, procurement and construction (EPC) mode projects more than tollways and build, operate and transfer mode (BOT), PPP projects of the National Highway Authority of India (NHAI).
Odisha government on Tuesday said though 10 power generating companies including three state-run public sector undertakings are allocated coal blocks by the Centre, none have so far gone for coal production.