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Sunday, Nov 22, 2009
 
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Policy momentum required22-NOV-09
The government has to play a bigger role in infrastructure development to improve valuations of related sectors.
India Power combine wins bid for control of DPSC21-NOV-09
In an all-cash deal, a consortium of India Power Corporation Ltd (IPCL) and Srei Infrastructure Finance Ltd has won the bid for a controlling stake of 57.17 per cent in DPSC Ltd (formerly Dishergarh Power Supply Company), which was previously held by public sector units Andrew Yule, Life Insurance Corp and United India Insurance.
GVK eyes controlling stake in B'lore airport21-NOV-09
GVK Power & Infrastructure, which recently took a 12 per cent stake in Bangalore International Airport Ltd (BIAL), has said it is open to taking a controlling stake in the airport.
Srei consortium bags 57% DPSC stake20-NOV-09
India Power Corp (IPCL), a consortium promoted by Srei Infrastructure Finance and Bhaskar Silicon, has emerged as the higest bidder to acquire 57 per cent stake in Dishergarh Power Supply Corp (DPSC).
Om Metals Infraprojects bags ’Emerging India Award, Infrastructure’20-NOV-09
Om Metals Infraprojects Ltd., leading hydro-mechanical engineering company was awarded the prestigious ‘Emerging India Awards’ in the Infrastructure Category in ICICI Bank and CNBC- TV18's Emerging India Awards 2009, powered by CRISIL. The award was received by Dr. T C Kothari, Founder and Chairman, at a function in New Delhi from Honorable Union Home Minister Shri P. Chidambaram and ICICI CEO - Mrs. Chanda Kochar.
Reliance Spot Exchange seeks infrastructure status20-NOV-09
Reliance Spot Exchange Infrastructure, a group company of Reliance ADAG, today sought infrastructure status for the national commodity spot exchanges.
Gammon Infra secures Rs 850 cr NHAI contract20-NOV-09
The estimated cost of the project which is pegged at Rs 850 crore will be for improving the highway stretch from Patna to Muzaffarpur in Bihar and will fall under the National Highway Development Programme (NHDP) Phase III on build operate transfer (BOT) basis.
Markets remain in negative territory20-NOV-09
The markets continue to trade in the negative on the back of weakness in realty, metals and IT pack.
Mundra Port: In sync with recovery20-NOV-09
The outlook for Mundra port is intertwined with one’s view on domestic industrial production and demand and a positive trend in the latter will lead to improved outlook for the stock. This is significant both for its cargo volumes as well as the SEZ (special economic zone) performance.
Puduchery govt seeks Rs 350 cr NABARD loan for infra projects20-NOV-09
The Puducherry government has sought Rs 350 crore from the National Bank for Agriculture and Rural Development (NABARD) for infrastructure development work, including construction of rural roads, school buildings, storm water canals and augmentatation of drinking water supply.
Indian labourers largest contributors to Burj Dubai18-NOV-09
The world's tallest structure Burj Dubai, an "unprecedented" engineering marvel that is ready to be thrown open to the public, was built with a major contribution from India -- a vast labour force.
Pratibha Ind wins Rs 295 cr order from UP Jal Nigam18-NOV-09
Infrastructure company Pratibha Industries today said it has bagged an order worth Rs 294.30 crore from UP Jal Nigam.
IIFCL funds also set aside for rly, power18-NOV-09
No takers for road, port projects.
US firm Gilbarco acquires L&T's PDP business17-NOV-09
Infrastructure firm Larsen & Toubro (L&T) has sold its petroleum dispensing pump (PDP) business to US-based Gilbarco Veeder-Root for an undisclosed amount.
ADB to provide up to $700 mn loan for infra projects17-NOV-09
Multilateral lending agency Asian Development Bank today said it will provide up to $700 million (around Rs 3,360 crore) loan to India for accelerating infrastructure projects through public-private partnership initiatives.
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