GMR Infrastructure is planning to raise around Rs 6,000 crore over the next six months through domestic loans for a mega highway project.
Author: admin (Infratructure Today)
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ABFS eneters infra funding
Aditya Birla Financial Services (ABFS)is foraying into infrastructure financing. The new firm will have an operational structure similar to IDFC.
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India to attract $80 bn FDI
India could attract $80 billion in foreign direct investment (FDI) in the coming two years, according to a research report by Morgan Stanley. India received $48-billion FDI in the last two years.
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Infra firms feel the heat of interest cost
High interest costs could take a toll on the overall profitability of infrastructure companies. High interest rates and some other problems connected with land acquisition and inflation levels add to the troubles.
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Macquarie, SBI plan new infra fund
Macquarie Group and State Bank of India are drawing up plans to raise $1 billion to $1.5 billion for their second fund to invest in infrastructure assets and companies in India, according to sources.
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IIFCL becomes non-banking finance firm
The Reserve Bank of India (RBI) will now regulate India Infrastructure Finance Company (IIFCL). The Union Cabinet approved a proposal in this regard.
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2 underpasses on Noida Extn route
The Noida Authority will soon begin construction of two underpasses on the Captain Shashikant Marg, which runs from the Noida City Centre towards Noida Extension.
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WB shows interest in MTHL
Mumbai Metropolitan Region's 22 km long Mumbai Trans Harbour Link (MTHL) project got a major financial boost when World Bank (WB) showed keen interest in funding the Rs 8,311-crore project.
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Bangalore Metro inaugurated
The first section of the Bangalore metro, now branded Namma Metro, was opened by Urban Development Minister Kamal Nath on October 20.
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India to invite Chinese investments in roads
To attract foreign investment in its building programme, India is likely to invite Chinese investors to participate in the country's mega road projects, each entailing an investment of about Rs 4,900 crore ($1 billion).