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Tata Power cancels energy InvIT deal with Malaysia’s Petronas

Tata Power now plans an initial public offering of its renewable energy business

Min of Power: PSUs can exit loss-making contracts

Loss-making contracts can now be terminated with a six-month notice by both parties

Simplex fired after delays on Namma Metro line

The Kolkata-based firm has slipped into an NPA status

The Expert Angle

This article proposes to suggest and discuss an alternative method of resolving construction disputes with respect to variations during the course of the project without recourse to an elaborate dispute resolution mechanism, thereby reducing the contractor´s burden of cash flow issues while protect..

Reliance Power exits Tilaiya project

Reliance Power has exited from the 4,000 MW Tilaiya UMPP in Jharkhand. The company has reached an out-of-court settlement with distribution utilities of 10 states, a little over six months after serving a notice for termination of the power purchase agreement for the project.

New concession agreement is a booster shot for highways

CRISIL Research believes two changes – back ending of premium payments and deemed termination of projects – are particularly significant. Allowing greater equity contribution by the authority is also another positive step. Further, stringent penalties on non-compliance of maintenance contracts a..

DAMEPL asked to bear debt till pact is terminated

Sudhir Krishna, Secretary of the union urban development ministry informed that the Delhi Airport Metro Express (DAMEPL) will have to bear the debt till the concession agreement is terminated. DAMPEL is the joint venture between Reliance Infrastructure and Construccionesy Auxiliar de Ferrocarriles, ..

GVK terminates pact for highway project

GVK Power and Infrastructure terminated an agreement it had with the National Highways Authority of India (NHAI) to convert the Shivpuri-Dewas section of National Highway 3 into four lanes, involving 1,330 lane km. In a filing at stock exchange, the firm said the termination of the agreement for the..

NHAI raps GMR over termination notice for h'way project

GMR has been rapped by the National Highways Authority of India (NHAI) for its termination notice for the country's biggest highway project worth at least Rs 6,000 crore.

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