The Roads and Buildings (R&B) department in Telangana, facing budgetary shortfalls, is exploring monetisation of its lands and guest houses to meet revenue needs. Officials said the initiative aligns with the state’s goal of achieving a three trillion USD economy.
Crisil Ratings in a note issued said that the healthy order book position of the road EPC companies, is expected to improve further supported by new project awarding momentum.
ONGC is likely to inch up marginally to $1.82 next week while the same for difficult fields like one operated by Reliance-BP may fall below $4, sources said.
