Rating agency ICRA Ltd has announced the countryÂ’s new credit rating system for the infrastructure sector, in line with the announcement made in the Budget 2016 document.
Author: admin (Infratructure Today)
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BPCL raises $600 million through bond sale
BPCL has raised $600 million by selling 10-year dollar bonds to investors in Asia and Europe. BPCLÂ’s Singapore arm BPRL International Singapore Pte Ltd raised the money at 200 basis points above the 10-year US treasury which came to around 4.375per cent. The bond was raised at a rate which is among the best in 10 years. This issue is also expected to open the door for more Indian companies to raise money.
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Petronet LNG expects 40% capacity utilisation at Kochi terminal by 2019
Petronet LNG expects its 400-km pipeline connecting the Kochi LNG terminal in the south to industries further north to be ready in two years, according to Managing Director Prabhat Singh. Petronet LNG is IndiaÂ’s biggest gas importer.
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Adani to invest Rs 49,000 cr to extend capacity of Gujarat ports
Adani Group Chairman Gautam Adani has announced that his company would invest another Rs 49,000 crore in Gujarat for expanding port capacity, and will set up cement plants. It is also planning a foray in the wind and solar power sectors over the next five years.
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NTPC to take over RajasthanÂ’s Chhabra power plant
The Rajasthan government has said that it has agreed to transfer its 1,000 MW Chhabra thermal power plant to NTPC Ltd, in an asset-for-equity deal.
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Power Grid evinces interest to invest in Telangana
Power Grid Corporation of India Limited (PGCIL) has evinced interest in investing in power transmission lines in Telangana. “PGCIL has expressed its interest to invest in the transmission projects in the state. The Chief Minister wanted officials from the state electricity department and PGCIL to hold talks in this regard,” a release issued by Telangana Chief Minister K Chandrasekhar Rao’s office said.
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Railways to focus on renewable energy to attain cost-efficiency
In a bid to adopt green technology, the Indian Railways is giving a big push to renewable energy to attain cost efficiency, Minister Suresh Prabhu has said.
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Office leasing hits all-time high at 43 mn sq ft in 2016 | CBRE
Office space leasing rose by 9 per cent last year to touch record 43 million sq ft on robust demand from corporates looking to expand their operations, according to property consultant CBRE.
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NHAI cancels Bengaluru-Mysuru expressway tender
The National Highways Authority of India (NHAI) has cancelled the December 6 tender for the six-laning of the Bengaluru-Mysuru expressway without assigning any reason, raising doubts about the future of the ambitious project, according to a news report.
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Adani Ports to raise $500 million via foreign currency bonds
Adani Ports and Special Economic Zone Ltd (APSEZ) has said that its board has approved raising $500 million (over Rs 3,400 crore) by issuing foreign currency denominated bonds.