Wednesday, September 20, 2017

TICKER TAPE: INFRA

 

KARNATAKA CLEARS RS 13,770 CR PROJECTS

 

The Karnataka government has given its clearance to 18 projects with a combined investment of Rs.13,770 crore. This will generate employment to 44,726 people across the state. Of the 18 projects, four projects will be in Kolar district, three in Bangalore Rural, two each in Bellary and Tumkur districts, while one each in Bangalore Urban, Chikkaballapur, Davanagere, Dharwad, Hassan, Koppal and Mandya districts. Sector wise, three projects will be in iron and steel sector, two projects each in automobile, engineering and infrastructure, while one each in aerospace, agro, chemicals, food, information technology, petrochemicals, pharma and textiles.
 

 

IDFC INFRA EXPOSURE TO DECLINE 

 

IDFC is planning to reduce its exposure to the infrastructure sector over the next one and half years. The infrastructure finance company is readying to enter banking space and has been awarded an in-principle banking licence along with Bandhan Financial Services. The company has a balance sheet of about Rs 60,000 crore. While a separate infrastructure debt fund subsidiary will be floated under the holding company IDFC has also applied to the National Housing Bank, seeking a licence to set up a housing finance company.

 

 

TELECOM SECTOR TO GET BOOST  

 

Indian telecom infrastructure group Viom Networks, is looking to raise funds for expansion soon. The company owns 40,000 telecom towers across India which it has rented out to leading service providers like Bharti Airtel, Vodafone and Idea. The company built over 1,500 last year and has outlined plans to put 5,000 more in place in 2014. The plan is to install 60,000 towers over the next three years.

 

 

AIRTEL-IBM IN IT INFRA DEAL

 

Bharti Airtel has signed up IBM to manage its infrastructure and application services. The deal which is based on a new model that allows the telecom company greater control over the IT infrastructure is valued at about $700 million. Airtel partnered with IBM to drive this growth, by using technology to respond with intuitive offers for customers, managing service delivery, and improving organisational efficiency.  Airtel and IBM also have partnerships for IT infrastructure and services across Airtel’s international operations spanning 19 countries, including Africa, Sri Lanka and Bangladesh.  

 

 

$36 TRILLION REGUIRED FOR ENERGY

 

The global investments that will be required in the energy infrastructure space over the next few decades have been estimated at $36 trillion. It represents 0.6 per cent of the cumulative GDP and will present a huge opportunity for the private sector to scale up new technologies and meet the emerging challenge of climate change, as Dr Ernest Moniz, Secretary, US Department of Energy.

 

 

AUSSIE FIRM IN INFRA TIE

 

Hastings Funds Management, an Australian firm is looking to tap into the Indian infrastructure market through a tie up with the Aditya Birla Group, The partnership with Aditya Birla will initially offer debt financing through a dedicated India fund for already-built infrastructure, such as airports and toll roads. For now, the two companies say they aren’t looking to finance fresh infrastructure projects through the venture. The companies have identified as many as 250 already-operating assets that may provide investment opportunities.

 


MRTS PROJECT FOR HARYANA

 

Haryana State Industrial & Infrastructure Development Corporation is planning to construct a Mass Rapid Transport System (MRTS) between Gurgaon and Bawal. DMICDC is planning to start the DPR/Detailed Engineering Studies. The Government of Haryana has given its approval to the creation of a Special Purpose Vehicle for the project and has also been requested to initiate the land acquisition process for the MRTS project. Talks have also been initiated with JICA for a long term, soft loan Currently approval of the final alignment and pre-feasibility study is awaited from the authorities.

 

 

AAI FOR REVISED DHOLERA AIRPORT PLAN

 

The Airports Authority Of India is planning to construct an international airport at Dholera near Ahmedabad on 1400 hectares of land. The airport will have two runways as part of the AAI’s revised draft development plan. The Gujarat government will conduct an environment impact assessment (EIA) and also apply for site clearance from the Union ministry of environment & forests. The Authority hopes to obtain clearance in the next few months. The project will be implemented through public-private partnership (PPP) model.

 




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