Three mega infra projects gets clearance; L&T’s Hyderabad
Metro one of them
The government has given regulatory clearances to three mega infrastructure
projects involving an investment of `25,000cr. These are the first among a few
projects the government has shortlisted to be put on a fast track. The projects
cleared include Hinduja National Power Corporation Ltd. in Vishakhapatnam, L&T
Metro Rail (Hyderabad) Ltd. and Simhapuri Expressways Ltd. (Andhra Pradesh).
These projects had been held up because of regulatory bottlenecks. However,
L&T’s metro project (about `16,000cr) is still facing some land acquisition issues,
but these clearances would certainly help to expedite the project. The early
clearance of the projects would lead to enhancement of order book for all the
companies in the infrastructure space. The finance minister is reviewing the
implementation of infrastructure projects valued >`100cr, which we believe is a
step in the right direction.
Metro one of them
The government has given regulatory clearances to three mega infrastructure
projects involving an investment of `25,000cr. These are the first among a few
projects the government has shortlisted to be put on a fast track. The projects
cleared include Hinduja National Power Corporation Ltd. in Vishakhapatnam, L&T
Metro Rail (Hyderabad) Ltd. and Simhapuri Expressways Ltd. (Andhra Pradesh).
These projects had been held up because of regulatory bottlenecks. However,
L&T’s metro project (about `16,000cr) is still facing some land acquisition issues,
but these clearances would certainly help to expedite the project. The early
clearance of the projects would lead to enhancement of order book for all the
companies in the infrastructure space. The finance minister is reviewing the
implementation of infrastructure projects valued >`100cr, which we believe is a
step in the right direction.
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