Jharkhand seeks Rs 25 cr from Centre for airport work

13 Dec 2012 Editorial Team

To promote tourism in its hilly Pithoragarh district, the Uttarakhand government is seeking a special plan assistance (SPA) of Rs 25 crore from the Centre for the expansion and modernisation of Naini-Saini airport in the district.

The State authorities had appointed RITES last year as the consultant for the expansion and modernisation work of the airport. RITES has prepared a fresh detailed project report (DPR) of the airport project, which will be expanded for the landing of ATR 42 aircraft. The DPR has already been given financial clearance.

A top government official said that the government has set a deadline for the completion of this airport in 24 months time. The government has already released Rs 3 crore for the development works, the official added. Last year, the government canceled its agreement with Stup, a company which had earlier been appointed as consultant.

The government-owned Uttarakhand State Infrastructure Development Corporation (USIDCL) which is the nodal agency for the development of the airport, had appointed the Mumbai-based Stup as the consultant and agreed to pay Rs 3.51 crore as the consultancy fees as being demanded by the firm.

But Stup backed out after the government tried to renegotiate on the consultancy fees. After the consultant backed out, the government cancelled the agreement also. RITES will charge a consultancy fee of Rs 1.46 crore.

An investment of Rs 48 core is proposed for expanding and strengthening the runway, upgrading other related operational infrastructure and terminal facilities at the Naini Saini airport, which had not been operational for years now.

Infrastructure Urban

16 May 2025

3i Infotech Reports Rs 7.25 Bn Revenue for FY25

3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..

Infrastructure Urban

16 May 2025

Emerald Finance Joins Baya PTE to Boost SME Bill Discounting

Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..

Infrastructure Urban

16 May 2025

BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25

BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, 鈥淲e are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..