Category: Construction & Building Materials

Debt-laden IL&FS plans to sell a dozen revenue generating projects

Indian infrastructure development and finance company, the Infrastructure Leasing & Financial Services (IL&FS) is reportedly planning to sell a dozen national highway projects that have been completed and are presently generating toll revenue. Sources from the National Highways Authority of India (NHAI) stated that the …

NIIF buys IDFC Infrastructure Finance, expands in private debt sector

India’s National Investment and Infrastructure Fund (NIIF) recently confirmed that it had acquired IDFC Infrastructure Finance Limited (IDFC-IFL). IDFC-IFL is a non-banking finance company (NBFC), registered as an infrastructure debt fund with the Reserve Bank of India. For the record, IDFC-IFL loans funds to operating …

SAGIA announces SR16.5B for the regional construction industry

The Saudi Arabian General Investment Authority (SAGIA) has reportedly announced massive investments worth USD 4.4 billion (approximately SR16.5 billion) in the Kingdom’s construction and real estate industry. Reports affirm that the declaration has come on the heels of advancing economic reforms in the region. Sources …

Air Liquide unveils new advanced materials production facility in U.S.

Specialty and advanced chemicals manufacturer Air Liquide Advanced Materials Inc. has reportedly inaugurated a new specialty chemical manufacturing plant in Upper Mount Bethel, Pennsylvania. As per trusted sources, the new facility adds approximately 105,000 square feet of production space to the existing operation of Air …

Singapore launches agency to facilitate Asian infrastructure deals

Singapore has reportedly launched Infrastructure Asia, a government agency to back its infrastructural ventures throughout Asia that require billions of dollars in funding and need to be made more appealing to private investors and financial institutions. As per trusted sources, the global financial hub’s announcement …