The National Investment and Infrastructure Fund (NIIF) plans to raise Rs 8,000 crore from various sources to fund projects worth Rs 16,000 crore for the next financial year (FY).
Author: admin (Infratructure Today)
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Viability Gap Funding to support infrastructure projects worth Rs 2,750 crore
Viability Gap Funding, which has been provided a budgetary support of Rs 550 crore, will support projects worth Rs 2,750 crore towards infrastructure building in 2017-18. VGF was Rs 1,000 for the current fiscal.
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GMR Infra posts Rs 382 crore Q3 loss
GMR Infrastructure has reported a standalone net loss of Rs 381.93 crore for the quarter ended December 2016. The company posted a net profit of Rs 40.01 crore in the corresponding quarter of the 2015-16, it said in a BSE filing.
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Jaypee InfraÂ’s Q3 net loss goes up to Rs 41.39 crore
Jaypee Infratech has said that its net loss has gone up to Rs 41.39 crore for the third quarter ended December 2016. The company had reported a net loss of Rs 25.33 crore for the corresponding quarter of the 2015-16 fiscal, it said in a BSE filing.
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RInfra net profit up 49percent at Rs 375 crore
Reliance Infrastructure Ltd (RInfra) has reported a 49 per cent rise in its consolidated net profit for the December 2016 ended quarter, owing to better operational performance.
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NMDC Q3 net profit up 41percent to Rs 595 crore
NMDC Limited has reported a 41.33 per cent jump in net profit to Rs 595.16 crore for the quarter ended December 2016, from Rs 421.10 crore in the corresponding quarter the previous year, on the back of a steep rise in income from operations.
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Petronet LNG Q3 net up 133percent at Rs 397 crore
Petronet LNG Ltd has more than doubled its net profit to Rs 397 crore in the third quarter ended December 31 as it handled record volumes of imported gas.
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HPCL Q3 net up 53percent at Rs 1,590 crore
Hindustan Petroleum Corporation Ltd (HPCL) has reported a 53 per cent rise in net profit for the October-December 2016 quarter owing to better operational performance. For the December 2016 ended quarter, HPCL's net profit was Rs 1,590.31 crore, 53 per cent higher from Rs 1,041.25 crore reported last year.
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Coal India Q3 net profit down 22percent to Rs 2,884 crore
Coal India (CIL) has reported a 22 per cent decline in consolidated net profit at Rs 2,884.4 crore for the third quarter ended December 31. Net profit came in at Rs 3,718 crore in the same quarter of the previous financial year.
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Centre cautions Chief Ministers on Real Estate Act timelines
With buyers entitled to seek relief under the Real Estate (Regulation & Development) Act, 2016 with effect from the first of May this year, the Central government has cautioned the states of a “serious situation of vacuum arising” if necessary institutional mechanisms, as required under the Act, were not put in place before that.