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GMR group to sell 74% stake in expressway to IIF

Last Updated: Tuesday, September 17, 2013, 15:39

Diversified group GMR on Tuesday said it has decided to sell 74 percent share in GMR Ulundurpet Expressways Private Limited to India Infrastructure Fund of IDFC for Rs 222 crore.

CCI to consider 7 projects worth about Rs 1.6 lakh cr on Sept 17

Last Updated: Sunday, September 15, 2013, 14:01

Seeking to push investment and growth, the Cabinet Committee on Investment (CCI) headed by the Prime Minister is likely to consider seven stalled mega infrastructure projects, envisaging investment of around Rs 1.6 lakh crore, on September 17.

Infra most problematic factor for doing business in India: WEF

Last Updated: Wednesday, September 04, 2013, 15:42

Infrastructure has been looked upon as the single biggest hindrance for doing business in India followed by corruption and cumbersome bureaucracy, a World Economic Forum report said on Wednesday.

Core sector growth at 4-month high of 3.1% in July

Last Updated: Monday, September 02, 2013, 17:49

Reflecting a moderate growth, the eight core infrastructure industries grew by 3.1 percent in July, the highest in the last four months, a development which experts say cannot be dubbed as a turnaround.

CCI clears Rs 1.83 lakh crore projects in Infrastructure

Last Updated: Tuesday, August 27, 2013, 10:41

The projects cleared across various infrastructure sectors include 18 in the power sector, entailing Rs 83,773 crore investment besides 18 others in sectors like Road, Railways, Petroleum and Natural Gas.

CCI for speeding up clearances of 36 infra projects

Last Updated: Monday, August 26, 2013, 21:46

The Cabinet Committee on Investment has decided to ask ministries concerned to clear expeditiously as many as 36 infrastructure projects stuck due to delay in sanctions, sources said.

Govt allows 13 cos to raise Rs 48,000 cr via tax-free bonds

Last Updated: Tuesday, August 13, 2013, 14:05

The government has allowed 13 institutions, including NTPC, NHB and HUDCO, to raise Rs 48,000 crore through issue of tax free bonds to boost long term infrastructure finance.

Infra sector to face huge shortfall of professionals: Report

Last Updated: Sunday, August 11, 2013, 14:57

The infrastructure sector is likely to face shortage of a whopping 3 million professionals by 2022, which is likely to have an adverse impact on project delivery and cost, a survey has said.

Infrastructure development priority for govt: ComMin

Last Updated: Wednesday, July 31, 2013, 18:32

Calling for a greater role of PPP model towards building infrastructure, Minister of State for Commerce E M S Natchiappan Wednesday said developing the country's infrastructure further was a priority for the government.

L&T Metro Rail in talks with IIFCL to raise Rs 1000 cr

Last Updated: Friday, July 19, 2013, 21:11

L&T Metro Rail (Hyderabad) is in talks with India Infrastructure Finance Co Ltd to raise Rs 1,000 crore through the external commercial borrowing (ECB) route for the city's metro rail project.

PMO push to infra project; meeting on July 19

Last Updated: Monday, July 15, 2013, 20:28

With an aim of accelerating infrastructure development, the PMO has convened a high-level meeting here later this week to review progress and award of projects worth Rs 3 lakh crore, including two airports and Eastern Dedicated Freight Corridor.

Govt okays Rs1,030 cr for upgrading infrastructure

Last Updated: Thursday, July 11, 2013, 15:19

The government on Thursday approved the Modified Industrial Infrastructure Upgradation Scheme (MIIUS) with an outlay of Rs 1,030 crore during the 12th Five Year Plan period ending March 2017.