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The power sector, which is struggling with funding shortfalls will need an additional $400 bn (around Rs18 tn) investment in the Twelfth Five-Year Plan starting April 2012.
FICCI's infrastructure summit in New Delhi, marked by large participation from all sectors, did not witness remarkable announcements, but for the reiteration that infrastructure is likely to miss the 11th Plan target by more than 10 per cent.
The world is now looking at India as the hub for integrated townships. This is evidenced in the upcoming inaugural conference on Integrated Townships in Mumbai.
Kerala state government will provide 33 acre at Kakkanad for the Kochi Metro Rail Ltd (KMRL) to raise funds for the project.
Birla Corporation Ltd is planning to invest Rs 4,000 crore in increasing its cement production capacity over the next two years.
Shangdong Electric Power Company-III (SEPCO-III), a Chinese EPC contractor, is planning to invest in a 1,320-MW thermal power project at Cuddalore, Tamil Nadu.
If you wanted to meet people adept at turning stones to milestones, you should have been at the Construction World Annual Awards 2010 in Mumbai.
The Narmada Hydroelectric Development Corporation, which is a JV between Madhya Pradesh Government and National Hydro Power Corporation (NHPC), has won a 1,320 MW thermal power project in Jabalpur.
SAIL is planning to invest Rs 1.8 lakh crore to expand its existing 14 mn tonne annual production capacity to 60 mn tonne by 2020.
The World Bank is ready to re-examine its norms on funding the viability gap and annuity payment for highway projects in order to reach a mutually acceptable model.