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TAPI gas pipeline project to start from December 13

The ground-breaking ceremony of the proposed multi-billion dollar 1,735-kilometre gas pipeline connecting Turkmenistan, Afghanistan, Pakistan and India will start from December 13, Turkmenistan Ambassador to Pakistan has said.

Brookfield buys nine projects from Gammon Infra for Rs 6,750 crore

Gammon Infrastructure has sold stake in 9 projects valued at Rs 6,750 crore to Brookfield and Core Infra India Fund, a deal that will fetch Rs 563 crore as well as reduce its debt by Rs 1,718 crore.

No single govt project where Infosys has not lost money: Narayana Murthy

Infosys, country's second largest software services firm, has not made any profit on government projects because of red-tapism and other issues, its co-founder N R Narayana Murthy said Monday.

Infra sector growth at 6-month high of 4.4% in May

Infra sector growth at 6-month high of 4.4% in May

The output of eight infrastructure sectors expanded by 4.4 percent in May, the highest growth rate in past six months, on the back of upsurge in production of coal and refinery products.

'Projects worth Rs 26.5 lakh cr stuck on regulatory issues'

There were a total of 16,966 projects with investments worth over Rs 154 lakh crore from various sectors, both public and private sources, as on December 2014.

FinMin discusses 85 large projects worth Rs 3.51 lakh crore

In an effort to help banks facing asset quality woes and to revive investments in the critical infra sector, the government Tuesday discussed 85 large projects entailing Rs 3.51 lakh crore in outstanding bank credit.

Govt gives more time to 31 SEZ developers to execute projects

The government has given more time to as many as 31 special economic zone developers and units, including Torrent Pharmaceuticals and Kakinada SEZ, to implement their projects.

PowerGrid approves Rs 1,481 cr investment in 5 projects

Central transmission utility Power Grid Corporation Thursday said its board has approved total investment of Rs 1,481 crore in its various projects to be commissioned in the next 2-3 years.

Govt examining national regulator for appraising projects

Minister of State for Environment Prakash Javadekar said in a written reply that they will seek more time from the Supreme Court to set up the regulator.

PM's group clears 147 projects worth Rs 5 lakh crore

In 100 out of 147 projects facilitated by the PMG, Rs 3.1 lakh crore investments have been made as per the industry figures, Swarup said, adding that these entailed a total investment of Rs 3.8 lakh crore.

Economy can grow faster if investments are executed: Rangarajan

India`s economy could grow at an annual rate of as much as 7 percent if large-scale investment projects are implemented quickly, Prime Minister Manmohan Singh`s economic adviser said on Wednesday.

Projects worth Rs 34,647 cr put on fast track

The government has put on the fast track projects worth Rs 34,647 crore in petroleum and natural gas and power sectors by approving a number of them and giving directions for urgent clearances to the rest.

FM reviews stalled projects worth Rs 31,000 cr

Union Finance Minister P Chidambaram Wednesday held a meeting here to review the stalled projects worth Rs 31,000 crore in the eastern region.

Problems of many projects to be resolved in 5-6 weeks: Montek

Planning Commission Deputy Chairman Montek Singh Ahluwalia Monday expressed the hope that problems related to mega projects - stuck due to regulatory clearances - will be resolved within 5-6 weeks.