The money raised through this route will support the government’s plan to monetise assets and encourage retail investors to take part in building the nation’s infrastructure.
The Cabinet Committee on Economic Affairs (CCEA) approved a one-time fund infusion to revive and physically complete the 50 languishing national highway projects worth Rs 45,000 across the country.
While commenting on the future of his company, KK Mohanty of Gammon Infrastructure said, "We are intending to put three more projects into operation. We will be completing Godavari Bridge, Patna-Hajipur Highway and one of the power project or port projects". These projects will be completed from quarter three onwards.
In an interview to CNBC-TV18, M Narendra, chairman, Indian Overseas Bank talked about the Non- Profit assets. He said NPAs will be lower in the second half as compared to the incremental NPAs in the first half.