Parag Parikh, ED & CFO of Gammon Infra believes that the new exit norms are a welcome move by CCEA. He told CNBC-TV18 that it is not a solution for projects, which are not viable fundamentally. However, substitution is open for all viable commissioned projects, he added.
GMR Infrastructure's latest asset light asset right' strategy is aimed at easing liquidity pressures in the company. With a debt of over Rs 30,000 crore, the company is keen to offload stake in assets it owns.
The year 2012-13 was one of the most challenging years in terms of awarding of projects, says National Highways Authority of India (NHAI) chairman RP Singh.
Parag Parikh ED & CFO, Gammon Infrastructure Projects, says that the company has posted cash profit of Rs 122 crore for nine months in FY13.
In an economy where high borrowing costs and hurdles in acquiring land are impacting infrastructure projects, companies like Ramky Infra are looking forward to announcement of policy reforms by the government
In an interview to CNBC-TV18, RP Singh, chairman, National Highway Authority of India (NHAI) spoke about the environmental issues as well as the lack of private equity for roads construction.
Manish Kumar of SBI Cap Securities and Abhimanyu Bhandari of Axon Partners explain, in a discussion on CNBC-TV18, that the legal duel between GMR and NHAI regarding the termination of a significant road-project due to delays in the grant of environmental licences, will mark a precedent for projects across all sectors in the economy.
Andrew Harrison, CEO, GMR Male Airport, says that GMR did not go to Maldives for compensation. GMR entered Maldives to enhance terminal facilities, train Maldivian staff to increase skill level of staff and corporate through CSR initiatives.