PPP terms for ports revised

19 May 2022 CW Team

The ministry of ports, shipping and waterways has come out with detailed guidelines to deal with stressed public-private-partnership (PPP) projects at major ports, a move which it expects to unlock 27 million tonne per annum cargo-handling capacity. As per reports, for projects which became stressed during the construction stage i.e., pre-COD stage, the concessioning authority, usually the major port, would pay, as full and final settlement, for taking over the useful assets created by the concessionaire.

The settlement amount would be equal to the lower the value of the work done and found useful by the major port or 90 per cent of debt due as defined in the concession agreement. In projects where the work has stopped due to the inability to continue with the execution of the project and the borrowings having been categorised by lenders as non-performing assets or proceedings initiated, the due processes will be followed under the Insolvency and Bankruptcy Code 2016 or under the Companies Act 2013.

Products

06 Oct 2025

TOTO India Launches Premium G & L Showers with Sleek Faucet Range

TOTO India has launched its G Shower and L Shower series, alongside an expanded range of GT, LH, and Pull-Out lavatory faucets. The collection blends advanced technology, refined aesthetics, and everyday comfort, staying true to TOTO’s philosophy of creating spaces that are both beautiful and functional. The G Shower series delivers the 3Rs of showering: Relaxing, Refreshing, and Revitalizing. Features include the Calming Shawl spray mode, Warm Spa technology, and multiple overhead and hand-shower options across eight finishes. The L Shower complements this with easy-to-use controls sui..

Hero Future Energies Secures Funding for 120 MW Hybrid Project

Hero Future Energies (HFE), through its SPV Clean Renewable Energy Hybrid Three, has secured Rs 19.08 billion in funding from the State Bank of India (lead) and Canara Bank. The funds will be used to develop and construct HFE’s 120 MW renewable energy hybrid project at Kurnool, Andhra Pradesh. The project, contracted with SJVN, integrates wind, solar, and storage technologies to deliver reliable peak power. With a 21-year repayment period, the funding ensures timely execution and the commencement of commercial operations. The financial closure demonstrates continued lender confidence in..

IOC GPS Renewables Raises Rs 8.36 billion Debt for Compressed Biogas Plants

IOC GPS Renewables Private Limited (IGRPL), a joint venture between IndianOil Corporation and GPS Renewables, has raised Rs 8.36 billion (approx. US$ 95 million) in debt financing from Indian Bank to execute nine Compressed Biogas (CBG) projects across India. The funding is the largest single-bank debt raise in the CBG sector and the first fully non-recourse financing in India for these projects. The plants—four in Haryana, three in Uttar Pradesh, one each in Chhattisgarh and Andhra Pradesh—will each produce 15 tonnes of CBG per day using paddy straw as feedstock. All nin..