Pawan stresses need for rural connectivity

Vijayawada: Special attention should be paid to connect villages with better roads for development of the state, said Deputy Chief Minister K Pawan Kalyan. He directed the panchayat raj engineering officials to initiate steps to lay roads for a length of 7,213 km at a cost of Rs 4,976 crore. Addressing a review with panchayat

Norfund, DEG in $250-mn race for stake in IndiGrid’s power transmission platform

NEW DELHI : Investment firms including Norway’s state-owned investment fund Norfund and German development finance institution DEG are eyeing a stake in KKR & Co.-backed India Grid Trust’s (IndiGrid) new power transmission platform in a deal expected to have an equity value of about $250 million. British International Investment Plc., Beijing-headquartered Asian Infrastructure Investment Bank