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Construction & Infrastructure News

Centre finalises rules for Real Estate Act

October 2016

The Centre has finalised the rules for the Real Estate (Regulation and Development) Act, which will be communicated to the states soon, allowing them...

Real Estate, Regulators, M Venkaiah Naidu, Real Estate Regulatory Authorities, Residential, Commercial projects

Rs 500 crore approved for development of West Bengal’s Sagar Port project

October 2016

To make the development of the proposed Sagar Port project in West Bengal financially viable, a grant of Rs 515 crore has been given in principle app...

Sagar Port project, West Bengal, Ministry of Shipping, BSPL, DPR, Port, NHIDCL, MoRT, Sagar Island

Sterling Generators provides one-stop solution for industrial mining applications

October 2016

Having the colossal capability of Engineering, Manufacturing, Project Executing and servicing a complete Diesel Generator based power generation plan...

Engineering, Manufacturing, Project Executing, Complete Diesel Generator, Sterling Generators, DG system, Sanjay Jadhav

Cumulative Solar Installations in India cross 8.6 GW

October 2016

Cumulative solar installations in India have reached 8,643 MW as of September 2016. Mercom is forecasting solar installations to reach approximately ...

Cumulative solar installations, Raj Prabhu, Mercom Capital Group, Solar power, Must run, Solar projects

Aggressive bidding seen for EPC projects in road sector

October 2016

Limited investments across the sectors, given the muted private sector spending, is driving the Engineering, Procurement and Construction (EPC) playe...

Limited investments, EPC, Infrastructure projects, Road sector, NHAI, ICRA, Shubham Jain, Non-moving projects

NALCO may have to revisit Iran smelter unit plan

October 2016

India has asked state-controlled National Aluminium Co Ltd (Nalco) to re-think its overseas expansion plans including a proposal to set up a $2 billi...

National Aluminium Co Ltd, Balvinder Kumar, Reuters, Aluminium, Iran project, Iran mining development

NHAI awards Rs 2,845 crore UP four-laning contract to Dilip Buildcon

September 2016

The National Highways Authority of India (NHAI) has awarded the four-laning contract for the Lucknow–Sultanpur highway section in Uttar Pradesh to Di...

National Highways Authority of India, Four-laning, Dilip Buildcon, National Highways Development Project, Road developer, Construction

Counterparty delays forcing Renewable Energy projects to run out of steam, says Ind-Ra

September 2016

State power utilities’ (major power purchasers) insensitivity to projects’ debt service commitments and delays in making payments – problems specific...

State power utilities, India Ratings and Research, Central Government, Counterparties, Ujwal Discom Assurance Yojana scheme, Maharashtra State Electricity Distribution Company, Power generators, Renewable projects
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