HDFC Bank has said that it will raise up to Rs 50,000 crore through debt securities and infrastructure bonds over the next 12 months. In a filing to the BSE, the institution said the Board has approved the issue of debt instruments, Tier-II bonds and long-term infrastructure bonds of up to Rs 50,000 crore.
Author: admin (Infratructure Today)
Post
Post
SCCL to supply 1 million tonnes of coal to NTECL
The Singareni Collieries Company Limited (SCCL) will supply one million tonnes of coal a year to the NTPC Tamil Nadu Energy Company Limited (NTECL), a joint venture thermal power project of NTPC and TANGEDCO at Vallur (Tamil Nadu).
Post
Jain Irrigation bags Rs 569-cr Karnataka project contract
Jain Irrigation Systems has bagged a Rs 569-crore contract from the Karnataka government for the Poorigali Integrated Micro Irrigation Project. The company said in a BSE filing that it has been awarded the Poorigali Integrated Micro Irrigation Project by Cauvery Neeravari Nigam Ltd, Government of Karnataka, through national competitive bidding.
Post
CREDAI protests cement price hike, seeks Centre’s intervention
The Confederation of Real Estate Developers’ Association of India (CREDAI) has sought government intervention to check rising cement prices. The entity said that the spike could “create unnecessary roadblocks and impediments” in achieving the goal of ‘Housing for All’ by 2022. Cement prices have witnessed a sudden jump of 20-40 per cent over the past two months across the country, says CREDAI.
Post
MEP Infrastructure signs MoU with CIDB’s Malaysian arm
MEP Infrastructure Developers has signed an agreement with an arm of the Construction Industry Development Board (CIDB Malaysia) for joint development of projects in India. “The company has entered into a Memorandum of Understanding with CIDB Holdings SDN BHD to promote and develop their cooperation by knowledge sharing and introducing best practices towards joint development of highways and expressways projects in India and related investment,” the company said in a regulatory filing.
Post
Build green corridors to meet clean energy target of 175 GW, says CII
Major Renewable Energy players have called for state-level policies and green corridors to achieve the national target of ‘175 GW by 2022’ at the 4th CII Renewable Energy Summit which was recently held at New Delhi.
Post
Minister wants Big Data analytics & application centre for steel producers
Chaudhary Birender Singh, Minister for Steel, Government of India, has called for primary and secondary steel producers to “come together” to establish a ‘Big-data Analytics & Application Centre for Steel’ with the objective of pooling resources and information available with all steel companies and analysing the collated data. He was addressing a gathering of top executives from the steel industry at the ‘India Steel 2017’ conference which was recently organised by FICCI in Mumbai.
Post
Allcargo signs MoU with Maharashtra State Skill Development Society
Allcargo Logistics’ CSR arm has signed a Memorandum of Understanding (MoU) with Maharashtra State Skill Development Society (MSSDS) to train over 7,400 youth in Maharashtra. This initiative will help Allcargo to enhance its scope of work under its skilling initiative ‘Nipun’ and would substantially contribute to the Government of Maharashtra’s Skilling Maharashtra Mission.
Post
ABB India bags Rs 178-crore contract from Bangladesh Power Grid Corp
ABB India has said that it has bagged a contract worth Rs 178 crore from Power Grid Corporation of Bangladesh (PGCB) for setting up two new sub-stations and upgrading two existing ones.
Post
Gadkari reviews NHAI projects
The Minister of Road Transport & Highways and Shipping, Nitin Gadkari has called for “fast-tracking” the award and construction of National Highway projects.