There are both positive and negative impacts of the tax, but the net result for India's infrastructure sector is advantageous, says Vinayak Chatterjee.
In 2013, the government awarded less than 1,500 km of road projects under the EPC mode after it found no takers for PPP projects.
Expressing serious concerns over the DTC Bill, SEZ entrepreneurs on Tuesday said the proposed tax provisions would hit employment and drive away investors from the special economic zones.
The Customs clearance required for moving equipment like laptops, desktops, etc out of SEZ units was delaying things as the clearance had to be taken in person after a first level of approval online.
After the announcement of the Jawaharlal Nehru Solar Mission -- which aims at a quantum leap in solar power installation in the country -- at least 25 companies have come forward, with investment proposals totalling over Rs 100,000 crore (Rs 1 trillion) over the next three to 10 years.
Pallon has already joined the boards of some of the unlisted companies such as Afcons
Areva has 60-Mw of biomass-based power capacity in India. It is looking to also tap the market for nuclear power in a big way.
An analyst says, due to excess capacity, investment in manufacturing will not be forthcoming
Stating that Anil Ambani Group firm's project was neither installed nor operating, petroleum minister Murli Deora had earlier this week told Parliament that the Dadri project would be considered for allocation of gas along with similar other upcoming projects. RPower said it had initiated the ICB process for selection of EPC contractors for its power plants way back in 2005 but not concluded owing to Mukesh Ambani promoted Reliance Industries Ltd's refusal to supply gas.
Finance Minister Pranab Mukherjee on Tuesday met exporters, a day after the release of the April export data which showed the sharpest fall in overseas shipments in 14 years, assuring them he would do his best in the Budget.
On Tuesday, Bajaj Electricals extended its brand licence agreement with UK-based kitchen appliances major Morphy Richards, launching a new range of products. Chairman & managing director Shekhar Bajaj, cousin of industrialist Rahul Bajaj, tells Viveat Susan Pinto the company will increasingly focus its attention on its consumer products business.
"We are confident that the status quo will be there...the issue has been taken up at the highest level," additional secretary in the Commerce Ministry D K Mittal said.
The 300 mw Group Captive Power Project (GCPP) being set up by Vidarbha Industries Power (VIPL), a special purpose vehicle (SPV) formed by Reliance Power, at Butibori near Nagpur in Maharashtra, will soon enter the construction phase. Sources said the required land has been acquired and the Maharashtra Pollution Control Board (MPCB) has given the green signal for setting up the project. Reliance Power will soon award the EPC contract for the Rs 1500 crore project.
To sell off L&T IDPL, Nabha Power; transfer Hyderabad Metro to an InvIT.
Suzlon Energy has bagged an order from Spain for supplying 42.5 MW wind turbines.
A change in electrification criterion in April 2017, with retrospective effect, helped the government add "already electrified 3,090 rkm" to its credit.
Russia had imposed a complete ban on import of these commodities originating from India citing poor quality with affect from May 1, 2007.
Projects would be bid out shortly while work on them would start after acquisition of 90 per cent land
The big flops of the year -- Reliance Power and Future Capital Holdings -- are currently available at 25 per cent below their issue price. The other major post-listing losers include BGR Energy, Shriram EPC, J Kumar Infraprojects and KNR Constructions. Among the smaller issues, Precision Pipes and Profiles, Manaksia, and Porwal Auto Components are currently available at 50 per cent below their issue prices.
Honed and utilised in-house for over three years, the engineering major's new arm - L&T-Nxt - will focus on AI, IoT, vitual reality and cyber security among other fields of digitisation.
'Our target is to award Rs 25 lakh crore worth of projects that would result in creating 25 million jobs'
Indian exporters undertaking supplies to global retailers like Wal-Mart and Metro will be required to affix the electronic product code tags on their consignments from the beginning of next year.
The past eight months have seen vast improvement in the Indian economy, says Edelweiss Group chairman and chief executive Rashesh Shah, who feels domestic-oriented sectors are likely to do better.
The tunnel would provide all-weather connectivity between Srinagar and Leh-Ladakh
The move comes at a time when IL&FS Energy has joined hands with SB Energy
Bhogapuram international airport, Ramayapatnam and Bandar ports, the Muktyala lift irrigation scheme and a bridge across the Krishna river are some of the projects likely to be hit.
Engineering and construction major Larsen & Toubro Ltd has bagged a major order worth $30 million for upgrading facilities at the Bu Hasa project of the gas gathering and processing company GASCO at Abu Dhabi.
Listed cos begin appointing women directors
These together account for 40 per cent of bad loans of around Rs 4 trillion.
China Construction forms consortium with Gurugram-based realty developer Tulip Infratech for road projects in India
Larsen & Toubro edged up 2.55% to Rs 223.20 after posting a 42% rise in net profit for Q4.\n\n\n\n
Over 93% of the orders in the year came from the central and state governments, PSUs, and NHAI.
The road ministry has put forward two proposals before the Prime Minister's Office and the finance ministry.
Existing units stay operational; those approved may not be notified, land could be used for other purposes
ICICI Bank was the top Sensex gainer after S&P Global Ratings affirmed its 'BBB-' long-term issue ratings on the senior unsecured bonds.
The Rs 63,000-cr Mumbai-Ahmedabad high-speed corridor and Rs 14,000-cr CSTM-Panvel suburban corridor are two of the largest projects.
Amid slowdown, the company is buying quality land parcels at marquee locations across the country.
On an average most commodities are up between 20-30 per cent compared to a year ago levels.
L&T is the preferred pick, but given the opportunities in the power T&D space analysts are also positive on KEC, ABB and Kalpataru
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