Debt-laden Infrastructure Leasing and Financial Services (IL&FS) said it has received Rs 1,925 crore from Haryana Shehari Vikas Pradhikaran (HSVP) as interim termination payment in the Gurgaon Metro Project case. The two-phased Gurgaon Metro Project was developed through IL&FS subsidiaries and special purpose vehicles (SPVs) – Rapid Metro Rail Gurgaon Ltd (RMGL) and Rapid Metro
The Yamuna International Airport Private Limited (YIAPL) has secured a loan of Rs 3,725 crore from the State Bank of India for the development of Noida international airport at Jewar in Uttar Pradesh, according to a statement issued on Friday. YIAPL is a 100 per cent subsidiary of Zurich Airport International and has been incorporated
The Yogi Adityanath government has put on fast-track the plan to build international airports at the east and west ends of Uttar Pradesh by inviting bids to appoint a consultant for the greenfield airport at Jewar near Noida in western UP and releasing the entire budget of nearly Rs 200 cr for the Kushinagar airport
Adani Ports and Special Economic Zone on Monday posted 7.46 per cent year-on-year fall in profit at Rs 992 crore for the quarter ended September 30, 2017. It had posted a profit of Rs 1,072 crore in the corresponding quarter last year. ET Now poll had projected a net profit of Rs 870 crore in
In one of the biggest deals in the renewable energy space, International Finance CorporationBSE -4.94 % (IFC), part of World Bank group, is close to investing $440 million or Rs 2,800 crore in Rewa Ultra Mega Solar Park in Madhya Pradesh. The investment will be in the form of debt in three companies — Mahindra
The government plans to overhaul 300-odd dry ports in the country to resolve infrastructural constraints faced by exporters and importers to give a fillip to India’s foreign trade. The commerce ministry has set the ball rolling to assess the laws governing dry ports, their subsidies and funding patterns, and streamline them with other ports in
Maharashtra has invested over Rs 150 crore in the supply chain and logistics sectors in Pune and Thane regions to promote multi-modal connectivity, Transport Minister Anil Parab has said. Addressing a two-day CII Logistics and Supply Chain Leadership Conclave 2020, which began on Thursday, the minister also said that the logistics sector provides livelihood to
