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GMR pre-qualifies for 2 international airport projects in Montenegro

Besides GMR Airports Limited a GMR Group company, Incheon International Airport Corporation,Groupe ADP Consortium and Corporation America Airport were also qualified, the Montenegrin Transport Ministry said.

NHIDCL awards Rs 2,379 crore Z-Morh Tunnel in J-K to APCO Amarnathji Tunnelway: Official

The project was earlier allotted to Infrastructure Leasing & Financial Services (IL&FS), but the contractor abandoned it after IL&FS Group faced financial crisis. The pact between NHIDCL and APCO Amarnathji Tunnelway was signed in presence of Road Transport and Highways Minister Nitin Gadkari.

JPMorgan says no notice from Supreme Court on Amrapali real estate case

A local newspaper the daily Business Standard, had reported on Monday citing the news agency PTI, that the court had directed the seizure of local assets of the bank in relation to some transactions between the bank and now-defunct real estate company Amrapali Group.

In a first, DDA to offer penthouses, luxury flats

The Delhi Development Authority (DDA) will, for the first time, offer luxury flats, including penthouses, in its housing scheme slated for launch in May.

L&T construction arm bags 'large' orders from multiple clients in domestic market

In a filing to BSE the company said in the water and effluent treatment segment it has bagged engineering, procurement and construction (EPC) from the Public Health Engineering Directorate, West Bengal for water supply in East Medinipur district. The project is funded by Asian Development Bank (ADB).

Sadbhav Infra gets final nod from authorities for 100% stake transfer of 8 SPVs

Sadbhav Infrastructure Project on Tuesday said it has got final nod from various authorities, including the NHAI, for transfer of its 100 per cent stake in eight special purpose vehicles to IndInfravit Trust.

Supreme Court orders ED to attach corporate properties of JP Morgan for violation of FEMA in Amrapali case

The Supreme Court also allowed the ED to take into custody the defunct group's CMD, Anil Kumar Sharma, and two other directors, Shiv Priya and Ajay Kumar, who are behind bars on the top court's order, for interrogation as regards alleged money-laundering offences.

Gaurs Group raises Rs 450 crore to pare debt, complete mall

“Of the amount, Rs 325 crore has been used to repay part of Rs 640-crore funding we had availed from Punjab National Bank Housing Finance (PNBHFL) almost a year back. Rest of the amount will be used for the construction of Gaur City mall in Greater Noida (West),” said Vineet Singhal, group CFO of the Gaurs Group.

HCC lenders initiate Rs 2,100 crore debt-asset carve-out

Lenders of HCC on Friday initiated a carve-out of about Rs 2,100 crore of debt to a third-party-controlled SPV along with certain arbitration awards and claims in a move that will significantly de-leverage the company and address its asset-liability mismatch, the company said in a press release.

Gayatri Projects at advanced stage of monetising Rs 900-cr arbitration awards

The company has successfully monetised its stake in power assets of Sembcorp Energy India and the proceeds for the same have been used for repayment of long term debt and for easing the working capital situation to fast track execution.

US plumbing systems maker Sloan eyes smart cities, airports to expand in India

US plumbing systems maker Sloan eyes smart cities, airports to expand in India

In India, where it operates through a wholly-owned subsidiary, the company plans to launch products that will help meet the water crisis staring several states.

SC stays order allowing MBL Infra promoter to take over ailing co

SC stays order allowing MBL Infra promoter to take over ailing co

Acting on a plea by banks led by BoB, IDBI and SBI, a bench comprising Justices Arun Mishra and Surya Kant stayed the NCLAT order of August 16, 2019, dismissing an appeal against the Kolkata NCLT decision to allow such a resolution plan to go through. RBL bank had initiated the corporate insolvency resolution process against the company in 2017.

Reliance Infra receives Rs 94 crore from Goa, to urge state to pay rest 75%

Reliance Infra receives Rs 94 crore from Goa, to urge state to pay rest 75%

The proceeds will be used to pay lenders and reduce the debt of company, it said. Reliance Infrastructure, which is sitting on a debt pile of up to Rs 6,000 crore, aims to be debt-free in 2020. The arbitration tribunal, on February 16, 2018, had ordered the Government of Goa to pay Rs 350 crore, including interest, in favour of Reliance Infrastructure.

H G Infra bags Rs 522 cr highway project in Haryana from NHAI

H G Infra bags Rs 522 cr highway project in Haryana from NHAI

H G Infra Engineering Ltd bagged a highway project worth Rs 522 crore from the National Highways Authority of India (NHAI). The completion period for the project, which has a total length of 14.40 km, is two years, the filing said.

Dilip Buildcon bags Rs 1,362 crore road project in Uttar Pradesh

Dilip Buildcon bags Rs 1,362 crore road project in Uttar Pradesh

The project entails the development of Bundelkhand Expressway (package-VI) from Bakhariya to Kudrail in Uttar Pradesh.

CPPIB leads race to buy Ashoka Concessions for Rs 5,500 crore

CPPIB leads race to buy Ashoka Concessions for Rs 5,500 crore

Several companies were on the run to acquire Ashoka Concessions for an enterprise value of Rs 5,000-6,000 cr as revenue-generating highway assets continue to get investor traction, ET first reported in May. Canada Pension Plan Investment Board emerges as frontrunner in acquisition which will be a relief to Ashoka Buildcon with a debt of Rs 5790 cr .

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