Official data shows that the borrowing of 17 construction and infrastructure (C&I) companies that are part of the BSE-500 index has risen more than their revenue and net profit during the last five years since 2008. While borrowings of these firms rose a little over five times, to Rs 2.7 lakh crore since 2008, their revenue and cas
Author: admin (Infratructure Today)
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India Infoline to issue Rs 10.5 bn worth debentures
India Infoline Finance would issue non-convertible debentures worth Rs 525 crore with an option to retain over-subscription of a similar amount. In other words, the non-banking finance arm of India Infoline would mop up a maximum of Rs 1,050 crore through this issuanc
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Essar Power to refinance debt via bond issues
In order to refinance past debt, Essar Power issued Rs 1,000 crore worth of rupee denominated bonds. Including this bond issue, the company has so far raised Rs 2,750 crore and it plans to raise another Rs 2,250 crore. With these bond issues, the power generating arm of the London-listed Essar Energy intends to refinance loans wort
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Development body awards 4 road projects
Bihar State Road Development Corporation awarded four road projects to a joint venture firm of C&C Constructions. C&C Constructions holds 50 percent stake in all these four road projects, which would be implemented by the JV firm BSC-C&C. The first project is for improvement or upgradation of Bagi-Barbigha Road (SH-83) Length 37.646 km in Bihar and it is
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HPCL planned 2nd LPG storage at Mlore hits hurdle
Due to the government's ceiling on number of LPG cylinders a year for a household, Hindustan Petroleum Corporation's (HPCL) plan to set up a second underground storage facility for liquefied petroleum gas (LPG) in Mangalore has hit a roadblock.
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ONGC wins 9 Greentech Safety Awards
Nine Greentech Safety awards have been won by the Oil and Natural Gas Corporation (ONGC), Assam Assets for its performance in maintaining health, safety and environment standards. Among the awards won, one is platinum, three gold and five silver awards. The ONGC Assam Assets bagged these awards in the recently held 'Greentech Occupational Health Safety & Fire Conference' in Goa.
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Diesel under-recovery rises to Rs 14.50/litre
The under-recovery, or revenue loss, applicable on diesel for the second fortnight effective from September 16, has been rised upwards at Rs 14.50 per litre, the Union Petroleum Ministry has on on September 15. Oil marketing companies (OMCs) incurring higher daily under-recovery of Rs 486 crore daily crude oil price of Indian Basket remains steady at $110.68/bbl on last September 13.
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GMB committee calls for digitized mapping of pipelines
An expert panel of Gujarat Maritime Board (GMB) suggested government to prepare digitized maps of all the oil and gas pipelines on the coast of Gujarat. This suggestion was made by a two-member panel after probing the recent oil seepage in Narmada river near Bhadbhut.
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CMPDI submits data on shale gas blocks
Central Mine Planning & Design Institute (CMPDI) submitted data package for six shale gas blocks to the Directorate-General of Hydrocarbons. These include two blocks in Ranigunj coalfields of the Damodar basin in West Bengal. They are most prolific with a reserve potential of 50 billion cubic metre. The others are in Jharia, also in the Damodar basin, and in the
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Kerala sanctions funds for development of two ports
For the overall development of Vizhinjam port, the Kerala government has sanctioned Rs 1 crore and Rs 3.80 crore for Beypore Port. In Vizhinjam port, Rs 50 lakh each will be used to construct channel marketing buoys and fire fighting system respectively.