Nashik-based Ashoka Buildcon Ltd (ABL), a mid-sized BOT (Build-operate & transfer) operator for infrastructure projects, has bagged the power transmission project worth Rs. 1,018.84 crore from Maharashtra State Electricity Distribution Co. Ltd (MSEDCL). ABL is the major BOT operator in infrastructure projects like roads & highways. The core strength of the ABL is BOT (Build, operate & transfer) based projects, Engineering procurement & Construction (EPC) and Ready Mix Concrete production. It builds a highway projects based on BOT-basis and run it for a specific period before transferring it to a government agency. Join discussion...

The GMR group has agreed to buy out international power producer InterGen NV's 100% stake in Island Power, a Singapore-based private electric utility company. The project will bring over approximately $1.5 billion in foreign direct investment into Singapore, GMR Infrastructure said in a release to the stock exchanges. 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...

Satluj Jal Vidyut Nigam (SJVN) has called for consultants' bids to reset deadlines for the studies and design work required on the Dhaulasidh and Arun III projects, respectively. The Indian developer is seeking tenders for work on the 40MW Dhaulasidh project to its reset submission deadline of 30 April. Dhaulasidh is to be built on the river Beas in Himachal Pradesh in northern India. It is to have a 130m high concrete masonry dam with discharge capacity of 13,335m3/sec. Join discussion...

Macquarie Power & Infrastructure Income Fund (TSX: MPT.UN)(TSX: MPT.DB)("MPT" or the "Fund"), which invests in essential infrastructure assets in North America, today reported results for the first quarter ended March 31, 2008. The Fund's Management's Discussion and Analysis and unaudited financial statements are available on the Fund's website at www.macquarie.com/mpt and on SEDAR at www.sedar.com. Join discussion...