With no takers to the changed policy of the National Highway Authority of India (NHAI) for development of national highways, the State Government has agreed to adopt public-private partnership model enunciated by the Centre. As per the recommendation of the Planning Commission, the NHAI has been insisting that all the states should take up the highways development projects under the public-private partnership (PPP) mode. Join discussion...

The SPV will have a total capital cost of $953 million, the company informed BSE. GMR Energy promoted thermal power project in Orissa has achieved a financial closure with Infrastructure Development Finance Company (IDFC) Ltd picking up a 20% stake in project. Join discussion...