Infrastructure Newsletter - November 21 to 25, 2016

India Infoline News Service | Mumbai | November 25, 2016 17:16 IST

This week, Reliance Infrastructure bags EPC order for Rs 3,675 crore, L&T Construction bags orders worth Rs 1,926 crore. IIFL presents a weekly snapshot of all the major happenings in the Infrastructure space, nationally and internationally.

Top News

Reliance Infrastructure bags EPC order for Rs 3,675 crore
Reliance Infrastructure Limited (RInfra) EPC Division has won a prestigious EPC order for Rs 3,675 crore (Rs 2,302 crore plus USD 205 million) from NLC India Limited (formerly known as Neyveli Lignite Corporation Limited) for setting up two nos. of Lignite based CFBC Thermal Power Projects of capacity 250 MW each, in Barsingsar and Bithnok of Bikaner District, Rajasthan, India. Read More

L&T Construction bags orders worth Rs 1,926 crore in various business segments
The construction arm of L&T has won orders worth Rs 1,926 crore across its various business segments. The business has secured orders worth Rs 571 crore.

The business continued its winning streak by garnering electrification works orders under the Integrated Power Development Scheme (IPDS) and Deen Dayal Upadhyay Gram Jyoti Yojana (DDUGJY) schemes of the Government of India. It has also bagged a major order from Odisha Power Transmission Corporation Ltd. (OPTCL) for turnkey electrification works in five circles of WESCO utility area in Odisha. Read More

Domestic News

J Kumar Infraprojects signs deal with Delhi Metro Rail Corporation

Mumbai-based leading infrastructure company J. Kumar lnfraprojects Ltd on behalf of the "J. Kumar Infra - CRTG JV signed an agreement with the Delhi Metro Rail Corporation Ltd (DMRC) worth of Rs. 1,344.93 crore on Thursday, November 24, 2016 for Phase-2 of the city metro and Others of Rs 449.2 crore. Read More

SEBI grants Certificate of Registration to Reliance Infrastructure InvIT Fund
The Securities and Exchange Board of India (SEBI) has granted the certificate of registration in terms of Regulation 6 of SEBI (Infrastructure Investment Trusts) Regulations, 2014 (Regulations) to Reliance Infrastructure InvIT Fund. Read More

Srei Infrastructure Finance appoints Sameer Sawhney as CEO
Srei Infrastructure Finance Limited (SIFL), a Kanoria Foundation entity, today announced the appointment of Sameer Sawhney as Chief Executive Officer (CEO), effective November 5, 2016. Read More

Sector to benefit from the newly inaugurated Agra–Lucknow Expressway
It is true that infrastructure serves as the backbone for the real estate sector of any region and the landscape of Western Uttar Pradesh’s (UP's) realty sector is expected to achieve newer heights as the much awaited Agra-Lucknow Expressway has been formally inaugurated. With the rising demand for Tier 2 & 3 regions, this infrastructural development will allow untapped regions of the Western UP to come into the limelight and further promote the real estate prospects in those regions. Apart from developing various regions along the expressway, this roadway will also allow the commuters to save a lot of time while travelling and also help in decongesting the traffic on the alternate route. Read More

Bosch India launches 18-week DNA startup accelerator program
Bosch India has launched its first accelerator programme for start-ups called DNA - 'discover, nurture and align' to gain a foothold in the country's booming start-up market. Read More

 

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