Bonds issued by NTPC Ltd have been oversubscribed by 2.5 times. The company issued its 62nd series of taxable secured non-convertible debentures on Friday with bullet repayment after 10 years.
Author: admin (Infratructure Today)
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Tesco-Tata scouts for land in metros
Trent Hypermarket, a joint venture between the Tata group and Tesco, the UK-based multinational grocery and merchandise retailer, is looking to buy land in Bengaluru, Mumbai and other cities to build distribution centres for its stores.
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Debt of top 30 steel firms at $150 bn
The net debt of the top 30 steel companies globally has touched a record high of over $150 billion, according to consultancy firm Ernst and Young (E&Y). The global consultancy´s report also reveals that major part of this debt is with companies in India, China and Brazil.
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Railways may renegotiate DFC loan condition
The Railways is contemplating to renegotiate loan condition with Japan for procuring high horsepower electric locomotives for the Western Dedicated Freight Corridor (DFC) as the procurement award is stuck over the pricing front.
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Mangalore caverns ready for more crude oil to hold strategic reserves
The government-owned Indian Strategic Petroleum Reserves Ltd (ISPRL) is ready to fill the just-built underground rock-cut caverns near Mangalore with crude oil.
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Four natural gas processing terminals to come up
The Petroleum Ministry will set up four new terminals with a capacity of 50 million tonnes across the country for processing and supply of natural gas to ensure better availability of the gas to the industries, Dharmendra Pradhan, Minister of State (independent charge) for Petroleum and Gas has said.
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India to develop coal fields in Russia
India plans to further enlarge the scope of investment in the Russian commodity market to fuel its industries for coming decades. As part of this strategy India has offered to jointly develop coal fields and mines in Russia.
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TN wind energy output hits a high
Wind power consumption in Tamil Nadu has reached a record high. Since May 15, when the wind power season started, the state has consumed 6,087 lakh million units, which is several times more than the wind power consumption in 2014 and 2015
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India tries to recover $600 mn dues from Venezuela
India has discussed ways to recover over $600 million of past dues from Venezuela including recouping it from payments for oil it imports from the Latin American nation. ONGC Videsh Ltd owns 40 per cent of the San Cristobal oilfield but has not been paid for its share of oil sales for the last couple of years.
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Odisha power plant faces coal crisis
The 467-MW Talcher Thermal Power Station (TTPS) linked to Odisha has been facing coal shortage for the last one month due to short supply from the Jagannath coal mine.