Indian Infrastructure Observer

PFC forms JV with NTPC, NHPC & TCS

Power Finance Corporation (PFC) has signed an agreement with NTPC, NHPC and Tata Consultancy Services (TCS) for incorporating a joint venture company.

GTL Infra raises Rs. 72.65b for expansion

GTL Infrastructure has raised Rs. 72.65 billion to fund its expansion of telecom towers business. The company aims to set up 23,700 telecom towers across India in the next three years.

Jindal Steel starts 4th power generating unit

Jindal Steel & Power has announced that Jindal Power Ltd. (JPL), a subsidiary of the company, has commissioned its fourth power generating unit of 250 MW.

BEL to form JV with BHEL

India's largest defence electronic company Bharat Electronics (BEL) and engineering major Bharat Heavy Electricals Limited (BHEL) are planning to form joint venture to tap the huge potential in the solar energy sector.

GMR set to enter coal-to-oil project

Airports, infrastructure and construction major GMR group is the latest corporate making a beeline to exploit India's vast reserves of black diamond to produce liquid gold through CTL (coal-to-liquid) technology. The group has asked the government for allocation of coal acreage and arrived at a broad understanding with German technology-and-engineering firm Lurgi for the project.

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Lanco wins �Energy Efficient Unit� award

Lanco’s Aban Power Company Ltd. has won the National “Energy Efficient Unit” award instituted by the Confederation of Indian Industry (CII) – Godrej GBC.

DoT to provide broadband in 5,000 blocks with USOF support

The government has said that it would provide broadband connectivity -- high speed Internet services -- to remaining 5,000 rural blocks with the financial support from the Universal Service Obligation Fund soon after the allocation of spectrum through the e-auction process.

Gammon Infra to develop Hydro Electric Project in HP

Gammon Infrastructure Projects has received the letter of allotment for the development of the Youngthang Khab Hydro Electric Project on BOOT basis from the government of Himachal Pradesh and has accepted the same and paid a sum of about Rs. 530 million towards 50 per cent of the upfront premium.

Hero Group to invest Rs. 500cr on aviation foray

The Munjals-promoted two-wheeler maker Hero Motors has announced its foray into the aviation sector with an investment of Rs. 500 crore as part of its diversification plans.

Bhel to set up locomotive plant

Bharat Heavy Electricals (Bhel) plans to set up a greenfield project for manufacturing locomotives in the country. The company is in talks with global majors such as French train maker Alstom, German rail transit solutions firm Bombardier Transportation GmbH, Siemens and General Electric for forming a joint venture.