Latest news with #DBFOT
Time of India
5 days ago
- Business
- Time of India
Contractor expects to complete Zuari bridge tower project in 2028
Panaji: Contractor Dilip Buildcon said it will complete the construction of two towers atop the new Zuari bridge by 2028. The foundation stone for the project of the two Rs 270-crore towers was laid last month. The ministry of road transport and highways (MoRTH) granted the contractor five years to complete the project. Dilip Buildcon vice-president (constructions) Atul Joshi said that as per the finalised design, each of the two towers will have three floors on top. He said that each tower will be 125m in height and each will have four high-speed elevators to take visitors to its top. 'We have began mobilising the machinery for the construction of the towers. Meanwhile, the environmental impact assessment study is on. We expect to begin construction work after the 2025 monsoon. Though we have five years to complete the project, we are targeting 2028 for its completion. Of the three storeys on each tower, one floor, the middle one, will be semi-open, as per the design,' said Joshi. He said that it will be decided at a later stage what activities can be offered on the three floors of the towers. 'There are a number of possibilities like a restaurant, viewing deck and observatory. But the plans will keep evolving over three years on how best to utilise the space. The capacity will depend on the type of activity offered, but on average, each tower will be able to have 500 visitors at a time,' said Joshi. The Zuari bridge observatory project is being built on the DBFOT or Design, Build, Finance, Operate, and Transfer model. As per this model, the contractor will fund the entire project and recover the cost by charging visitors to the tower a fee. The concessionaire will operate the towers for a 50-year period. The contractor wants to complete the project as soon as possible, as it will make the towers operational and begin recovering the investment. The tower has been planned as a tourist attraction. The design also includes a 7.5m-wide walkway bridge on both marine sides for pedestrian access, along with parking facilities at both ends to accommodate visitors. A walkway will take tourists from the parking to the base of the towers. The contractor has also been provided additional land at Verna to set up other commercial activities to recover the cost of the project initially, while it takes some time for the footfall to the towers to pick up.
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Business Standard
23-06-2025
- Business
- Business Standard
Reliance Infra settles ₹273-crore loan of JR Toll Road with Yes Bank
Reliance Infrastructure Ltd (RInfra) on Monday said it has fully settled a ₹273-crore loan, including interest, owed by its wholly owned subsidiary JR Toll Road Pvt Ltd (JRTR) to Yes Bank Ltd. In a regulatory filing, the company said JRTR, together with RInfra acting as the corporate guarantor, signed an addendum to the earlier settlement agreement with Yes Bank. The entire debt obligation has been paid in full, discharging RInfra's liability as guarantor. JR Toll Road Pvt Ltd is a special purpose vehicle, incorporated by Reliance Infrastructure, to develop, operate and maintain a 52-km stretch of National Highway 11 between Jaipur and Reengus in Rajasthan. The project had been executed under the Design-Build-Finance-Operate-Transfer (DBFOT) model and involved a four- to six-lane highway. It became operational in 2013, with toll collection beginning the same year. The highway played a strategic role in improving connectivity between Jaipur and surrounding regions, easing congestion, and supporting economic activity in the corridor. It also formed part of Reliance Infrastructure's portfolio of road assets built under public–private partnership frameworks. Why did Yes Bank classify RInfra's loan as an NPA? The ₹273-crore loan from Yes Bank had previously been classified as a non-performing asset (NPA). According to banking regulations, a loan is treated as an NPA if interest or principal payments remain overdue for more than 90 days. In JRTR's case, prolonged financial stress and recurring losses had impaired its ability to meet debt obligations on time. Auditors had noted that the company's current liabilities exceeded its current assets and that it had initiated arbitration proceedings against the National Highways Authority of India in 2023. This dispute had created further uncertainty around revenue flows from the toll project. Although the Reserve Bank of India's pandemic-related moratorium briefly delayed NPA classification, a Delhi High Court ruling in 2020 noted that while the loan account was still standard as of February that year, the company's financial position remained weak. Over time, the account met multiple criteria for NPA classification under the central bank's prudential norms. Following the update, Yes Bank was trading at ₹19.77, up 0.10 per cent on Monday morning at 10:10 am, according to BSE.
India.com
23-06-2025
- Business
- India.com
Good news for Anil Ambani, another company settles Rs 2730000000 loan of…, with…
Anil Ambani was already in the news for settling down the debt of his many companies. Now once again it has settled the debt with another company. In a recent exchange filing it stated that it has fully settled a Rs 273-crore loan, including interest, owed by its wholly owned subsidiary JR Toll Road Pvt Ltd (JRTR) to Yes Bank Ltd. It stated, '' A wholly owned subsidiary of the Company (along with the Company as Corporate Guarantor), has entered into an addendum to the Settlement Agreement today with Yes Bank Limited (YBL) for the entire outstanding debt obligation of ~INR 273 crore (including interest) owed by JRTR to YBL, and has duly paid the entire settlement amount.'' Anil Ambani Company Debt Reduction Debt reduction has become a primary focus for Anil Ambani. Reliance Infrastructure: Paid off Rs 3,300 crore of debt in FY 2025, becoming debt-free. Rosa Power Supply Company: Cleared Rs 485 crore of debt, achieving debt-free status. Reliance Power: Settled a loan of Rs 3,872 crore earlier. JR Toll Road Pvt Ltd, a special purpose vehicle established by Reliance Infrastructure, is responsible for the development, operation, and maintenance of a 52-kilometer segment of National Highway 11, connecting Jaipur and Reengus in Rajasthan. The project was executed under the Design-Build-Finance-Operate-Transfer (DBFOT) model, featuring a highway expansion from four to six lanes. Operations commenced in 2013, coinciding with the start of toll collection.
Time of India
19-06-2025
- Business
- Time of India
WtE plant to process refuse derived fuel, produce power
Lucknow: A waste-to-energy (WtE) plant will be set up at Shivri by the Lucknow Municipal Corporation soon. The plant will process refuse derived fuel (RDF) made from non-recyclable plastics, paper, cardboard and other combustible inorganic materials collected from the city and nearby municipalities and nagar panchayats. By processing RDF locally, the project is expected to cut down significantly high logistic cost of transporting waste to cement factories about 500 km away. The plant is part of city's plan to set up a 15 MW RDF-to-electricity unit aimed at managing waste and generating power from it. It will use 1,000–1,200 metric tonnes of RDF produced daily in Lucknow, which is transported to other locations. The project, estimated to cost Rs 450 crore, will be developed under a public-private partnership (PPP) model using the Design, Build, Finance, Operate and Transfer (DBFOT) structure. Funding will be divided among the private partner (50%), the state or urban local body (25%), and the central govt (25%), with Viability Gap Funding (VGF) proposed. Additional municipal commissioner Arvind Rao said the plant will handle waste and produce electricity. Mayor Sushma Kharakwal said the project aligned with goals related to waste and energy in urban and rural regions. "The plant is expected to be completed in over two years on 20–25 acres of land and will need 3 million litres water per day. It will create jobs, produce revenue through power sales and support carbon credit activities," she said. The facility will run on RDF with systems like stoker grate or fluidized bed boilers, high-pressure boilers, and turbines. Electricity produced will be sold to state's power utility under power purchase agreement. The plant has bag filters, scrubbers, and monitoring equipment for emission control to meet norms of Central and UP Pollution Control Boards. Residual ash may be reused in construction and cement-related work.
Indian Express
10-06-2025
- Business
- Indian Express
MSC Irina, world's largest container ship, docks at Kerala's Vizhinjam port
MSC IRINA, the world's largest container ship by capacity, docked at Vizhinjam International Seaport, which was commissioned last month. This is the maiden call of the ship to a South Asian port. Port director Divya S Iyer welcomed the ship's captain and crew. Kerala Chief Minister Pinarayi Vijayan hailed the arrival of MSC IRINA at the port as a proud and historic moment for the state. 'Kerala welcomes MSC IRINA, the largest container ship to call at any South Asian port, with immense pride. Measuring 399.9m in length and 61.3m in width, with a capacity of 24,346 TEUs, her arrival at Vizhinjam marks a historic moment. A proud milestone that underscores our port's strategic global role and galvanises our collective dream of growth,'' Vijayan posted on X. In a post on X, Karan Adani, Managing Director of Adani Ports and SEZ Ltd, said, '…This marks the vessel's maiden visit to the South Asian shores, making it a milestone not just for Vizhinjam but for India's emergence as a key player in global transshipment.' The port, managed by Adani Ports and SEZ Private Limited on a design, build, finance, operate and transfer (DBFOT) model, has been making remarkable achievements in transshipment container handling.
