Coal India LtdĆĀ“s net profit in the quarter ended 31 December declined 16.2 per cent to Rs 3,262.49 crore compared with the year-ago period as the national miner sold less coal through electronic auctions in order to meet domestic power sector demand as directed by the Coal Ministry.
Author: admin (Infratructure Today)
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Power Grid Q3 profit at Rs. 1,229 crore
Power Grid Corporation of India Limited (Power Grid) has posted a net profit of Rs 1,229 crore for the third quarter of FY 2014-15 (October-December, 2014), an increase of 18 per cent against Rs 1,042 crore reported during the corresponding quarter of last financial year.
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Govt to establish infrastructure fund
Finance Minister Arun Jaitley proposed the setting up of a National Investment and Infrastructure Fund (NIIF) with an initial corpus of Rs 20,000 crore that can be leveraged by infrastructure companies.
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Yes Bank plans to raise funds for green bond
Yes Bank is planning to raise around $100 million from International Finance Corporation (IFC), a project report issued by IFC revealed.
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SBI chief for new infrastructure financing model
State Bank of India (SBI) chairperson Arundhati Bhattacharya said India needs to identify new models for infrastructure development and financing in order to take the country forward on the economic front.
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Piramal to invest Rs.5,000 crore in realty projects
Piramal Fund Management plans to invest up to Rs 5,000 crore over the next one year to finance construction projects, a top company executive said. The fund has already invested in nine realty projects through construction finance proposals totaling Rs 1,100 crore in the last three months.
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GE proposes to invest Rs.3,000 crore in Maharashtra
US-based General Electric (GE) has proposed to invest Rs 3,000 crore in Maharashtra during a meeting with State Chief Minister Devendra Fadnavis at the World Economic Forum meet in Davos
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Adani Ports opens dry bulk terminal
IndiaĆĀ“s biggest private port operator Adani Ports & Special Economic Zone (APSEZ) opened a new 20 million tonne dry bulk terminal at Tuna Tekra.
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foreign brands to utilise Vallarpadam terminal
International apparel brands have shown their interests in using Vallarpadam Terminal for their export consolidation
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Cochin Port launches direct service to West Asia
Cochin port launched a new direct service to West Asia in order to give an impetus to the connectivity for export cargo to West Asia. recently. The vessel SSL Gujarat having 1,800 capacity TEUs (23,000 tonnes) will sail from Cochin non-stop to Jebel Ali , covering the distance of 1,780 nautical mile in five days.