In what could be the first fund-raising exercise through Infrastructure Investment Trusts (InvITs), toll road builder IRB Infrastructure Developers is planning to raise Rs 5,000-6,000 crore and is expected to file the draft red herring prospectus (DRHP) within a month.
Author: admin (Infratructure Today)
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Sterling generators provide one-stop solution for mining applications
Having the colossal capability of engineering, manufacturing, project execution and servicing a complete diesel generator-based power generation plant, Sterling Generators is the one-stop power solution provider.
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Bihar gets its first SCADA-DMS Project Control Centre
The SCADA-DMS Project for Patna city undertaken by Schneider Electric (SE) has been inaugurated by Nitish Kumar, Chief Minister, Bihar. The SCADA-DMS Project is undertaking power monitoring, control and modernisation of the Patna electric distribution network.
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Barmer takes the lead, unveils countryÂ’s largest solar-based drinking water project
Barmer has got yet another feather in its cap, as the countryÂ’s largest solar-based community drinking water project starts functioning at village Seniwala.
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Power Grid to issue Rs 4,000 cr bond in September
Power Grid (PGCIL) will raise Rs 4,000 crore via AAA-rated corporate bonds in September this year. The company has a mandate to raise Rs 14,000 crore for the year 2016-17 of which PGCIL has already issued financial bonds worth Rs 3,400 crore, last quarter.
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Coal and mining will require 40,000 skilled personnel by 2020
Large-scale opencast projects have been identified by Coal India Ltd for achieving its 1 billion tonne target by FY 2020. CIL has planned to upgrade its coal mining technology to meet its objective. Use of surface miners, high wall miners, etc., will require skilled manpower for optimum utilisation and supervision of these heavy earth moving machinery (HEMM).
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Essar bulk terminal to hike capacity by 20 MT
The Essar bulk terminal at Hazira is all set to expand from the current 30 mtpa to 50 mtpa, up by 67 per cent, by this year end. Company officials say that the terminalÂ’s current 550 metre berth will be expanded by a further 1,100 metre. Post completion, the port will have capability of simultaneously handling seven vessels at any point of time.
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Ashoka Buildcon targets order inflow of Rs 50 billion
The company has been the biggest beneficiary of an uptick in orders in roads, due to its dual business exposure and access to Rs 14 billion of cash inflows over FY2016-18E. The company is targeting order inflow of Rs 40-50 billion in the roads segment and Rs 5-8 billion in the power segment.
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Centre selects Vadodara-Mumbai-JNPT Corridor for upgradation
The Central government has selected the Vadodara to Mumbai National Highway corridor to be upgraded to an Expressway. The government has already approved the feasibility study for this corridor. Meanwhile, the entire stretch of the Vadodara-Mumbai Expressway is proposed to be constructed in three phases, that includes Vadodara to Talasari (phase I), Talasari to Shirsad and Shirsad-Panvel (phase II) and Shirsad to Dhisar (phase III).
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Centre moves to complete pending NHAI projects
Various steps have been taken by the government and the National Highways Authority of India (NHAI) to remove the hurdles affecting the construction of highway projects.