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IVRCL to bid for non-metro airports (Live mint.com 29th Jan 2008)Hyderabad-based IVRCL Infrastructure and Projects Ltd is looking to bid for airport development projects in small cities and towns, joining a growing list of firms wanting to tap the aviation boom in the country.
The company has already made a beginning with a bid to develop the Amritsar airport.
Confirming the news, E. Sudhir Reddy, chairman and managing director, IVRCL, said the company had “partnered with a Spanish airport development” firm for the purpose, but declined to name it.
“We have submitted bids for the development of Amritsar International Airport in Punjab,” said Reddy adding, “we have partnered with a Spanish airports development company to bid for the Amritsar airport project.”
IVRCL isn’t keen on being the developer for all such projects, Reddy said, adding, “we are not necessarily interested in owning airport assets. We are keen on bidding for the airport projects as building contracts. We will bid for those projects where the size of the contract is attractive. The contract sizes of passenger terminals at Chennai and Kolkata are above Rs1,000 crore.” The company is evaluating other non-metro projects. More
NTPC may spend more on overseas coal assets(The Hindu Businessline 29th Jan 2008)NTPC Ltd is looking to spend over $1 billion on buying coal assets abroad over the next few years as part of its efforts to secure long-term fuel linkages.
The generation major, which is in fairly advanced stages of scouting for opportunities in countries such as Indonesia and Australia, Nigeria, Mozambique and South Africa, has already earmarked around $125 million to be pumped into Coal Ventures International Ltd (CVIL) — a joint venture firm co-promoted by state-owned Steel Authority of India Ltd, Rashtriya Ispat Nigam Ltd, Coal India Ltd and National Mineral Development Corporation. More
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