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NaBFID, Axis Bank to lend Rs 37.9 bn for Tuna-Tekra terminal in Gujarat

Dubai government-owned global port operator DP World has tapped the National Bank for Financing Infrastructure and Development (NaBFID) and Axis Bank for a Rs 35 billion loan to build a 2.19 million twenty-foot equivalent units (TEUs) capacity terminal estimated to cost Rs 42.4364 billion at Tuna Te..

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CIL notes 28% decline in coal allocation held via e-auction in April

The drop has left Coal India with 2.19 mt of coal after the allocation

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Govt firms' Rs 3 lakh cr surplus money to be used for infra

The government-owned companies have a surplus cash of more than Rs 3 lakh crore. Now the Union government is planning to utilise this surplus amount for executing infrastructure projects and investing in expansion of such projects.

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AI to set up hub in Chennai or Blore to garner air traffic

The government-owned carrier Air India has been asked by the the Union Civil Aviation Minister Ajit Singh to develop a hub in South India to target passenger traffic from the states in the region. Air India has to consider setting up a hub in Chennai or Bangalore. It can have its main hub in Delhi, ..

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AI extends deadline for $500 mn bridge financing offer

As the lenders not showing much interest, Indian government-owned Air India has extended its $500-million bridge financing offer by one week to July 12. Air India is planning to raise the money to pay for the five Dreamliners, which are to be delivered beginning this month through December. The airl..

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