User: sumerenergy Topic: Infra Power Energy
Category: Infra Power Energy
Last updated: Aug 29 2015 10:55 IST RSS 2.0
 
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Overseas investors eyeing Indian expertise 29.8.2015 The Hindu: Today's Paper
Overseas investors eyeing Indian expertise
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Brookfield buys nine projects from Gammon India for Rs 6,750 crore 29.8.2015 DNA: Urban Tales
Gammon Infrastructure has sold stake in nine projects valued at Rs 6,750 crore to Brookfield and Core Infra India Fund, a deal that will fetch Rs 563 crore as well as reduce its debt by Rs 1,718 crore. The transaction, one of the largest asset sales at one go in the Indian infrastructure space, comes barely days after government allowing highways developers to divest 100% equity in projects two years after the completion, by making additional funds available for investment in projects. Of the nine projects in which Gammon Infrastructure Projects Ltd (GIPL), a step-down subsidiary of Gammon Infrastructure, sold its stake, six are road projects and remaining three are of power. "GIPL, a leading Indian infrastructure project developer, signed a share purchase agreement divesting nine of its project companies to the consortium comprising funds managed by Brookfield Asset Management and it affiliates (Brookfield) and Core Infrastructure India Fund Pte Ltd (CIIF) under the name BIF India Holdings Pte Ltd," the ...
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Gammon Infra to divest nine projects 29.8.2015 deccanherald.com
Gammon Infrastructure Projects (GIPL) has decided to divest its entire shareholding in nine projects to BIF India Holdings, jointly held by funds managed by Brookfield Asset Management and its affiliates, and Core Infrastructure India Fund.

The aggregate cash inflows for GIPL, on account of divestment, would be approximately Rs 536 crores subject to closing adjustments, GIPL said.

The company further said that additional cash inflow of up to Rs 100 crore may be realised by GIPL on crystallisation of certain milestones in the future.

The project companies in which the stakes will be sold include Aparna Infraenergy India, Sikkim Hydro Power Ventures, Pravara Renewable Energy, Andhra Expressway, Rajahmundry Expressway, Kosi Bridge Infrastructure Company, Gorakhpur Infrastructure Company, Mumbai Nasik Expressway and Vijaywada Gundugolanu Road Project, the company said.
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SBI Hopes Economy Will Bounce Back by December 29.8.2015 newindianexpress.com
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SBI Hopes Economy will Bounce Back by December 29.8.2015 newindianexpress.com
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Centre will not bail out ailing discoms: Goyal 28.8.2015 Hindu: Business
Union Minister for Power, Coal and Renewable Energy Piyush Goyal on Friday, categorically ruled out the possibility of Government of India bailing out stressed discoms. Talking to the med...
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Infra firms will benefit from new norms for highway projects 28.8.2015 HBL: Industry & Economy
They will also benefit from the Government’s decision to have a one-year deadline for litigations
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Gammon Infra sells stakes to Brookfield and Core Infra; cut debt by Rs 1718 crore - Daily News & Analysis 28.8.2015 Google News India
Gammon Infra sells stakes to Brookfield and Core Infra; cut debt by Rs 1718 crore Daily News & Analysis Projects divested by GIPL includes Sikkim Hydro Power Venture Ltd, Andhra Expressway Ltd, Rajahmundry Expressway Ltd, Kosi Bridge Infrastructure Ltd and Gorakhpur Infrastructure Co Ltd. Representational image dna Research & Archives. ...
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Welcome infra push 28.8.2015 HBL: Opinion
An investment-led demand impetus will ensure growth
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Gammon Infra to sell holdings in 9 SPVs 28.8.2015 All Companies Stories
Gammon Infrastructure Projects Limited (GIPL) has entered into an agreement with a Canadian asset management company Brookfield to sell its holdings in nine project companies, or project special purpose vehicles (SPVs). The SPVs are six in the road ...
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UP to announce Biomass Energy Policy 2015 28.8.2015 News
Uttar Pradesh is targetting 1,000 megawatt (mw) of biomass energy under the new UP Biomass Energy Policy 2015
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Gammon Infra to divest nine projects to BIF India Holdings, Brookfield 28.8.2015 HBL: Companies
Includes three roadways in AP
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Maharashtra govt to buy back Kolhapur proj from IRB Infra 28.8.2015 HBL: Logistics
The Maharashtra Government has shown keen interest in buying back its Kolhapur road project and the process is likely to be completed within 90 days, highways developer IRB Infrastructure today sa...
Maharashtra government to buy back Kolhapur project from IRB Infra 28.8.2015 ET: Infrastructure
MSRDC has directed the company to stop toll collection on the project, it said, adding that accordingly, the SPV has stopped toll collection in Kolhapur.
Big Firms Bid for TS Water Grid Works 28.8.2015 newindianexpress.com
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Mounting Losses Put Infrastructure Firm IL and FS Engineering on Going-concern Mode 28.8.2015 newindianexpress.com
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Govt banks miss PSL targets again 28.8.2015 Latest News
Public sector banks (PSBs) have missed their priority sector lending (PSL) targets once again. According to the Reserve Bank of India (RBI)'s annual report, PSBs could meet only 37.3 per cent of their target in 2015. In 2014, they had met 39.4 per ...
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Poor manufacturing could cast a shadow on India's solar ambitions 28.8.2015 Top Stories
Close to 75% of Indian solar power projects are built on imported cells from China and the US
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Govt to replace street lights with LED bulbs in next 2 years - Oneindia 28.8.2015 google news
Govt to replace street lights with LED bulbs in next 2 years Oneindia In a statement, the minister said the government of India will replace all street lights of the country with LED bulbs in the next 24 months, which is in line with (Power) Ministry's motto of energy efficiency and providing dependable energy in the ...
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Power crisis in State linked to weak transmission lines 27.8.2015 deccanherald.com
Union Minister of State for Power, Coal and New and Renewable Energy, Piyush Goyal, on Thursday said the Centre had not been able to bail out Karnataka from power crisis because of constraints in its transmission lines. Addressing reporters after chairing a review meeting with Karnataka Energy Minister D K Shivakumar and senior department officials, he said the Centre was ready to supply more power to the State, but Karnataka did not have adequate capacity of transmission lines within the State. There is also a need to increase the capacity of transmission corridors in the entire southern region, he said. "The country has surplus power now. And power is available at very competitive prices. I have urged the State to expand its transmission capacity so that it can also buy power at cheaper prices, he stated, adding that increasing the capacity was a long-term work and required a minimum of four to five years. The State currently has about 6,400 mega watts (MW) of power available against the total ...
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