Page 35 - Infrastructure

Likhita Infrastructure shares soar 8% on Rs 146 crore order win

The value of the total outstanding order book as of August 31 stood at approximately Rs 1,020 crore

Supertech Noida twin towers must be razed in 3 months: Supreme Court

The Supreme Court Monday directed demolition of twin 40-storey towers of Supertech's Emerald Court project in Noida for violation of building by-laws

RKS Bhadauria expressed satisfaction over infra build-up in east: Official

Chief of Air Staff (CAS) Air Chief Marshal RKS Bhadauria has expressed satisfaction over the build-up and fortification of infrastructure in the region, an official said on Friday

Afcons bags largest-ever infrastructure project in Maldives

It involves constructing the Male to Thilafushi Link project, popularly called Greater Male' Connectivity Project (GMCP) over 32 months.

Maldives signs contract for rolling out of India-funded mega infra project

The Maldives on Thursday sealed a contract for the implementation of an India-funded connectivity project, billed as the largest infrastructure initiative being rolled out in the island nation. Under the Greater Male Connectivity Project (GMCP) project, a 6.74-km-long bridge and causeway link will be built to connect capital city Male with adjoining islands of Villingli, Gulhifalhu and Thilafushi. Funded under a grant of USD 100 million and a Line of Credit of USD 400 million from India, this will be the largest infrastructure project in the Maldives, officials said. The contract for the implementation of the project was signed between the Ministry of National Planning, Housing and Infrastructure of the Maldives and Afcons Infrastructure Ltd. "This is a defining moment in the development journey of the Maldives," Maldivian Foreign Minister Abdulla Shahid said on Twitter. The signing ceremony was attended by Minister of National Planning & Infrastructure Mohamed Aslam, Minister of

NMP plan: Low-risk assets attractive but road may be fuzzy, say experts

The NMP document, however, is not clear on the use of proceeds of monetisation. It says 5-6 per cent of the National Infrastructure Pipeline (NIP) can be financed through asset recycling

L&T, IRB Infra: Can National Monetisation Pipeline boost infra stocks?

Shares of IRB Infrastructure Developers jumped over 5 per cent, GMR Infrastructure added 2 per cent and Larsen & Toubro Ltd (LT) recovered following five days of bear hammering

Asset monetisation plan: Sports infrastructure to follow airport PPP model

The government has pitched for the PPP mode after India's recent good performance in the Tokyo Olympics

Gati Shakti: Govt intends to power up economic recovery via infra building

Infra investment acts as a bulwark for further investment in the economy

Biconomy launches Hyphen, an instant cross-chain transaction platform

The system will offer fast value transfers between Ethereum and Polygon, and enable quick onboarding from Layer-1 networks to Layer-2 networks

Senate has votes to clear $1-trillion infrastructure Bill: Report

The legislation would be the largest infusion of federal investment into infrastr­ucture projects in more than a decade

Oberoi to Hiranandani, top Mumbai realtors turn to building redevelopment

Tata Realty, the real estate arm of Tata Sons, is also looking to redevelop residential buildings in South Mumbai

Biden's infra Bill hits Senate speed bump, debate slows to crawl

Amendments still on the table include proposals for new cryptocurrency rules and flexibility for states and localities that choose to use some unspent pandemic relief funds for roads and bridges

FM invites Aussie investors to tap opportunities in infrastructure sector

Finance Minister Nirmala Sitharaman on Thursday invited Australian investors to tap opportunities in India's infrastructure sector which needs funding to the tune of Rs 111 lakh crore over five years. Australia is an important partner of India as a strong liberal democracy with shared diaspora and bilateral trade and investment. The bilateral trade has been growing steadily since past decade and there exists immense potential for the two countries to enhance it further in light of the wide spectrum of complementarities and strengths in the post-COVID period, Sitharaman said during a meeting with Tony Abbott, Special Envoy of Australian Prime Minister. Abbott complimented India for undertaking comprehensive and sustained reforms programme and said the country has continued to demonstrate robust growth despite the disruptive impact of the pandemic, a finance ministry statement said. Sitharaman further highlighted recent economic reforms and easing of FDI norms in India, which provide

Shrem Group aims to raise Rs 600 cr by diluting stake in InvIT next week

Shrem Group is targeting to raise Rs 600 crore by diluting a 15 per cent stake in its infrastructure investment trust (InvIT) next week, a top official said on Tuesday.

Demand notice must be served properly to buyer

The purchaser couldn't be termed a defaulter since the demand letter had not been served properly, and especially when he paid the amount on receiving a reminder

Mumbai mega makeover has big opportunities for both realtors and residents

Real estate companies say that if planned properly, the eastern corridor can rejuvenate Mumbai

DFI alone not panacea for infra finance issues: Sebi member Barua

He also rued that banks are accessing capital markets only for their core or Tier-II capital requirements, and need to access the markets more for raising resources for project finance.

Joe Biden wants spending to boost economy, but GOP to block vote

President Joe Biden said his infrastructure and families agenda must be passed to sustain economic momentum of his first six months in office

Top headlines: Govt may get 30% more from asset sale, Q1 GDP growth at 22%

Business Standard brings you the top headlines on Friday