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In a huge sigh of relief for Indian boxer Vijender Singh, National Anti-Doping Agency (NADA) announced on Tuesday that the boxer has tested negative in the drug test.

Business News
 

SPV formed for road project in Madhya Pradesh

Friday - Aug 17, 2012, 06:34pm (GMT+5.5)
[+] Text [-]

New Delhi -  The government Friday approved the formation of a special purpose vehicle (SPV) to execute the Lakhnadone-Ghansore road project in Madhya Pradesh.

The project will be executed on a build, operate and transfer (BOT) basis. The central government will invest 35 percent of the project cost that comes to Rs.23.11 crore.

The Telecommunications Consultants India (TCIL), a telecommunications and information technology company that has of late diversified into civil works, will execute the project.

The company's paid-up capital stands at Rs.43.20 crore, its stand-alone net worth is about Rs.420.41 crore.





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