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By Abin Daya The power sector in India is one which has been classified as a ‘negative’ industry by a number of lenders due to the woes surrounding ailing thermal power producers. However, the renewable energy segment was always looked upon favourably due to the phenomenal growth exhibited in the past few years. This segment too might be going through a period of change as we see in this week’s update. While wind energy might be looking at a period of slow growth, changes in duty structures are what the solar power generators might have to encounter. On the infrastructure side, some good news for developers who have been trying to avail financing for projects under the Hybrid Annuity Model. While lenders ...

The Dollar Business Bureau  With a huge demand for investment in the infrastructure, India is looking for investors globally and London would prove to be natural destination, said Nikhil Rathi, Chief Executive Officer, London Stock Exchange (LSE). “So, India is a fastest growing economy in G-20, growing at 7% a year. There is huge demand for infrastructure investment in India, and it is going global and looking for global investors and London is proving to be natural place for it,” Rathi said. The LSE witnessed the listing of Rs.7,000 crore worth of bonds on Thursday and Friday. India’s Road Transport Minister Nitin Gadkari has launched NHAI bonds worth Rs.5,000 crore on Thursday. Piyush Goyal, Power, Coal and Renewable Energy Minister, has launched the trading of papers on Friday worth Rs.2,000 crore from NTPC ...

The Dollar Business Bureau The government's magnified focus on improving transportation and logistics infrastructure in the country is evident from the increased budgetary allocation to the sector. In Budget 2017, the Finance Minister announced a kitty of Rs. 2.41 lakh crore for transportation related projects. Another fund of Rs. 64,900 crore was earmarked for construction of highways this fiscal, 12% up from last year's allocation. The Metro Rail Act, meant to achieve dual objectives of boosting private participation and providing better urban connectivity was also a much-welcomed step. The talk about state-of-the-art multi-modal logistics parks is also seen taking shape as the Narendra Modi-led government shares details of another grand scheme in-the-making, intended to enhance connectivity via various modes of ...

The Dollar Business Bureau The National Highways Authority of India (NHAI) is likely to award Rs.1 lakh crore worth of projects for the construction of about 6,500 km of highways in this fiscal. “We should be able to award projects for about 6,500 km and costing overall package size for about Rs.1 lakh crore (in current fiscal),” NHAI Chairman Raghav Chandra told journalists on Wednesday. The focus of the government is to accelerate road construction and has taken a number of initiatives to enhance the pace at which the highways are constructed in the country. As part of the steps taken, the Ministry of Road & Transport last month directed all its departments to act speedily to resolve the disputes impacting the industry, including a ...

The Dollar Business Bureau China Railway Construction Corporation Ltd. (CRCC) has expressed keen interest to invest in National Highways Authority of India (NHAI) projects. "A high-level delegation from the CRCC, led by its Chief Economist Zhao Jinuha, met Chairman, NHAI, Raghav Chandra and a team of NHAI officers in New Delhi," Ministry of Road Transport and Highways said in an announcement. At present, the NHAI has various projects for the upgradation of two-lane National Highways for 50,000 kms, several special expressway projects of 15,000 kms and the National Highways Development Programme (NHDP), to be completed over the next few years. "CRCC expressed keen interest to participate in the upcoming projects of NHAI under engineering, procurement and construction (EPC) and hybrid annuity model (HAM)," the statement ...

The Dollar Business Bureau The National Highway Authority of India (NHAI) on Friday said the 96-km Delhi-Meerut Expressway (DME) is likely to be operational by March 2018. NHAI Chairman Raghav Chandra on Friday visited project sites and assured developers of full support in resolving all bottlenecks for its early completion.  In December 2015, Prime Minister Narendra Modi had laid the foundation stone of the DME road project, which was aimed at easing congestion in the national capital region (NCR) and augmenting Western UP economy, but more importantly reducing traffic snarls on the existing highway.  Striking a similar chord, Chandra said, “Nationa Highway Authority of India(NHAI) is fully geared up for resolving the site specific issues, and all necessary facilitation is being given to concessionaires for expediting ...

The Dollar Business Bureau Larsen & Toubro (L&T), the Indian multi-national conglomerate, on Wednesday, announced that it has bagged orders worth Rs.1798 crore from both domestic and international companies. Its segments to remain busy for quite some time are; water & effluent treatment business, transportation infrastructure, power transmission & distribution, and building & factories. The company’s water & effluent treatment segment will provide sewage and sewer network systems worth Rs.565 crore in Saudi Arabia. The Indian construction giant has also received an order totalling Rs.497 crore from the National Highways Authority of India. The order has been given for engineering, procurement and construction of a four-lane road from Mukkola junction to Kerala/Tamil Nadu border of NH-47 (new NH-66), under NHDP phase-3 in the ...

The Dollar Business Bureau In an effort to add momentum to the overall growth of the highways sector in India which is already on the path of revival, The National Highways Authority of India (NHAI) has been directed to develop a robust mechanism to determine eligibility of the project as also the extent of funds required to complete projects, in time-bound manner. The new development comes in the wake of the Cabinet Committee on Economic Affairs (CCEA), chaired by the Prime Minister Narendra Modi, approving two major policy initiatives aimed at improving the availability of equity in the market and authorising the National Highways Authority of India (NHAI) to intervene in languishing projects suffering from lack of funds, said ...