Fitch Ratings: APAC thermal power project ratings unaffected by coronavirus
In India it has rated Lalitpur Power Generation Company Ltd’s senior secured note under the thermal power project rating criteria.
RBI refrains from growth and inflation projections amid Covid uncertainties
“Given this heightened volatility, unprecedented uncertainty and ...
RE projects to get extension of time: MNRE Secretary
The MNRE Secretary also accepted that the spread of coronavirus has not only disrupted t...
47,400 MW coal fired power projects were cancelled in India in 2019: Report
Pre-construction capacity halved in just the past year in India from 60.2 GW in 2018 to 29.3 GW in 2019 with another 37 GW in under-construction stage, according to the report.
IT captives see project delays amid lockdown
Technology captives of global organisations in India have gained prominence over the years and started developing crucial software for their parent organisations. India currently houses more than 1,200 such GICs and majority of them are focused on technology development.
Fall in toll collections, labour shortage to hurt road firms
Analysts have reduced earnings estimates of majority of construction companies by 15-40 per cent based on the cash and balance sheet strength of these companies.
NTPC’s installed capacity touches 58,816 MW
With this, the total installed capacity of Khargone Super Thermal Power Project, NTPC stands at 50355 mw and NTPC group at 58,816 mw, an official statement said.
NBCC starts work on nine more Amrapali projects
Supreme Court, about a year ago, asked NBCC to start execution of two stalled projects to begin with, namely- Eden Park (Noida) and Castle (Greater Noida), comprising 618 Units which the company has already completed and handed over. Apart from this, NBCC is presently executing further 8 projects- 7 at Noida and one Greater Noida having a total of 12169 Units and valued at Rs. 634 crore.
Sterlite Power said sale of 3 assets complete, 7 other projects progressing in Brazil
"Recently we divested some of our projects to marquee developers and investors, which reflects the high quality of assets in our portfolio. We remain committed to sustainable execution of our projects which contribute to the expansion of the energy transmission system of Brazil," Pratik Agarwal, managing director, said in a statement.
COVID-19 impact: Construction projects hit as workers keep away
More than 30% construction workers are staying away from work sites due to fear over coronavirus infection and many of them may have returned to their villages or are planning to do so, they said. Contractors are also not keen on pushing them either.
L&T-run investment trust acquires 8 Sadbhav road projects
Larsen & Toubro (L&T)-run investment trust IndInfravit has fully acquired eight operational road projects of Sadbhav Infrastructure at an enterprise value of Rs 6,300 crore. Of these 8 projects, 6 are toll roads while the remaining 2 are annuity roads, with total length of 2,300 km across states like Karnataka, Maharashtra, Rajasthan and Telangana.
CIL’s capital spend on equipment and project less than annual target
Law and order issues have delayed land acquisition, which may delay projects and pose obstacles for the company in achieving its target of producing 1billion tonnes of coal by 2024. It is expected to produce 610 million tonnes this year. The target for 2020-21is 750 million tonnes.
South India leads senior living with over 65% projects
As on date, there are at least 40 senior living projects by the top 14 players within this niche segment across the country - either under construction or completed and occupied. Of this, nearly 26 projects are located in South India, it said.
Coal companies look to share 10% revenue from mining projects with affected families
The model, proposed by additional coal secretary VK Tiwari at a recent meeting, is expected to reduce the cost of operation by 10% and make land acquisition easier. The plan will soon be implemented on a trial basis at two coal producing subsidiaries of Coal India. If needed, laws would be amended to facilitate it. ET has reviewed documents related to the proposal.
Among his last decisions as CM, Kamal Nath approved Bollywood Walk of Fame project in Bhopal
Madhya Pradesh government approved a ‘Walk of the Stars’ walkway project in Bhopal where Bollywood celebrities’ names will be emblazoned similar to ‘Hollywood Walk of Fame’ in Los Angeles and Hong Kong.
Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service