The BMC has appointed Infrastructure Leasing and Financial Services Ltd (IL&FS), as consultants for the Gorai Dumping Ground Closure Project. A scientific closure of the dump was recommended as it had reached saturation point. The cost of the project, the first of its kind in the country, is Rs 62 crore, which includes post-closure maintenance of 15 years.

The BMC has appointed IL&FS as consultants for the Rs 50-crore project for which 40 wells have been dug up at the site to capture, treat and release the methane gas emitted from the site. In a first-of-its-kind plan, the civic body hopes not only to earn about 1.63 million carbon credits (CER), but also generate about 3MW to 4MW of electricity every day from the methane gas emitted from there. "The carbon credits will not only contribute to checking global warming, but will also earn us a handsome revenue of Rs 65.5 crore — at a minimum rate of US $10 for every CER assured by the World Bank,' said additional municipal commissioner R A Rajeev. The Gorai closure is projected to be over by the end of this year and expected to earn CERs from May, 2009.

Thursday,Aug 21, 2008 Hindustan Latex (HLL), which operates under the health ministry, will manufacture medical devices. They have signed an agreement with Infrastructure Leasing and Financial Services (IL&FS) for the purpose. IL&FS, the project consultant for the project, is a leader in developing industrial clusters on public-private partnership. The company would identify the prospective investors, structure the project and provide engineering and financial services to the project.

Infrastructure Leasing and Finance Services (IL&FS) Development Corporation is laying down the blueprint for multi-level bus terminals with taxi stands, private food chain outlets and shopping complexes in Gujarat, Punjab, West Bengal, Orissa, Bihar Andhra Pradesh and Karnataka.

Thursday,Jun 12, 2008 The Community Service Centre (CSC) Project being rolled out under the national e-governance action plan could soon get an impetus, with the National Spot Exchange of India Ltd (NSEIL) agreeing to provide farmers access to spot prices of various farm produce at the CSCs. IL&FS is the national level service agency appointed by the Ministry of Information Technology for project development, facilitation and coordination of the CSC project.

Wednesday,Jun 11, 2008 Punjab National Bank (PNB) entered into a Memorandum of Understanding (MoU) with ILFS Cluster Development Initiative Ltd (ILFS-CDI) to help finance a variety of industrial infrastructure projects and small and medium enterprise (SME) units in identified clusters. Under the MoU, ILFS CDI will be responsible for sourcing of the projects, project structuring, project development, engineering and procurement, project management and project monitoring. PNB will finance the projects

The Rs 250-crore project set on a 65-acre site at the outskirts of Palladam on the Coimbatore-Tiruchi sector of the National Highway, was formally commissioned by Mr P. Chidambaram, Union Finance Minister The project has been promoted as a public-private partnership programme in which the small-scale powerloom weavers as promoters have brought in their investment to set up individual units. Infrastructure Leasing and Financial Services is the project management consultant and has also lent financial support to the project along with SIDBI and a consortium of bankers

State-owned Coal India and IL&FS Infrastructure Development Corporation, a wholly-owned subsidiary of IL&FS, on Tuesday entered into a memorandum of agreement to float a joint venture company for development of mines, power and coal-based projects. The JV would have 50 per cent equity contribution each by the two companies