PM has assured Railways of adequate funding, budgetary support: Goyal
January 28, 2021
Union Railways Minister Piyush Goyal - PTI×
Indian Railways to invite private investment
Ahead of the Union Budget, Railway Minister Piyush Goyal said Prime Minister Narendra Modi has assured Railways of adequate funding and budgetary support.
Speaking at a FICCI conference on railway transport on Thursday, Goyal pointed out how Railways has used the Covid-19 times to complete long-pending infrastructure works.
Meanwhile, the Railways is looking at various methods to invite private investment into the freight corridor tracks at a time when it is looking to build newer freight corridors including the possibility of attracting funds through Infrastructure Investment Trusts (Invits), said Pradeep Kumar, Member-Infrastructure, Railway Board.
This is the first attempt at an initial public offering of an InvIT by a state owned firm. The private sector has seen two InvIT’s so far, namely IndiGrid InvIT & IRB Infra InvIT
Need to make lenders a party to concession agreements, says IIFCL chief
January 26, 2021
Having tripartite agreements could boost lender confidence in participation in infrastructure projects: PR Jaishankar Lenders to infrastructure projects should be brought in as parties to the concession agreements, and any such move would help bolster their confidence in lending, PR Jaishankar, Managing Director, India Infrastructure Finance Company Ltd (IIFCL), has said.
India should also take steps to set up a secondary market at scale for infrastructure loans so that lenders can, when required, offload their exposures to institutional investors such as pension funds and life insurance companies, he told
GAIL to come out with InvITs for two pipelines ahead of company s split
Initially, the company proposes to sell about 10-20 per cent stake in the pipelines through InvITs.
BusinessToday.In | January 26, 2021 | Updated 21:47 IST
GAIL owns and operates a natural gas pipeline network of 12,502 kilometres.
State-owned GAIL (India) Ltd plans to launch InvITs (Infrastructure Investment Trusts) for its two pipelines Dahej-Uran-Panvel-Dabhol and Dabhol-Bengaluru before the proposed split of its pipeline business from gas marketing business.
Initially, the company proposes to sell about 10-20 per cent stake in the pipelines through InvITs, thereby retaining a majority stake, news agency Press Trust of India reported.
Unlocking the value of renewable energy assets through InVITs in India
Tata Power plans to launch first RE InVITs in the country, NTPC too is considering it: What does it mean for investors?
Radha Krishna Tripathy | January 13, 2021
(GN Photo)
India has been witnessing a sluggish demand growth for power amidst COVID-19. It has affected both thermal as well as renewable energy (RE) sector. While thermal sector (coal) plant load factor (PLF) is coming down continuously amidst no new generation building up, renewable energy held its ground through several government measures despite no new appetite shown by the distribution companies. The pipeline is constantly building up for renewable energy assets through new bidding by SECI (Solar Energy Corporation of India) and NTPC (National Thermal Power Corporation). The policy push to support renewable energy by providing it the most run status helps in building momentum for the investors.