The events being played out in the economy are a natural consequence of the action - or rather the lack of it. The Sensex has slipped, the rupee has slipped further and business confidence is sliding down. India cannot afford to grow at less than 7 per cent.
Mangu Singh, Managing Director of Delhi Metro Rail Corporation (DMRC) said he preferred Reliance Infrastructure to be the concessionaire for the extension of the high-speed corridor till Gurgaon. However, R-Infra, which is a concessionaire for the Airport Metro Express, expressed its wish to bow out of the agreement. Singh said DMRC would go through a transparent international bidding process to select a concessionaire for the extension
Reliance Infrastructure and the Delhi Metro Rail Corporation (DMRC) are locked in an arbitration proceeding over the former's demand of compensation for losses on account of closure of Delhi Airport Metro service for seven months. The service, which was closed for seven months owing to faulty civil structure and delay in repair work, resumed operations recently
To promote the Delhi airport as the cargo gateway of India, the Delhi International Airport (DIAL) has planned a cargo village near it. DIAL, the operator of Delhi’s Indira Gandhi International Airport, has issued notices inviting applications for the development of the village. World-class airports operate on cargo village concept.
Key urban transport projects being undertaken by Reliance Infrastructure are facing various problems. For example, the company was awarded the Delhi Airport Metro Express project in January 2008, But the corridor has been shut since July 8, 2012 owing to defects. On the other hand, the fate of the company's Rs 1,000 crore Mumbai Metro Phase-II project, covering 32 km is being delayed. Earlier, in September 2012, the company had announced its exit from the Rs 5,100 crore Worli-Haji Sea-Link p
Here is a company with a solution to minimise downtime on a job site. Primarily used for the cutting of rocks, asphalt, concrete, or any other nonmetallic surface, Erkat's rotary drum cutter can be applied as an alternate in areas where drilling and blasting