XCMG has announced that the group will invest $150 million to set up new production units in India. The first intelligent manufacturing facility is expected to be ready by the end of 2017.
Category: Infrastructure Finance
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Lone Star, IL and FS to invest in stressed infrastructure projects
Private equity firm Lone Star has joined hands with IL&FS to invest in struggling Indian infrastructure projects. The tie-up will have an investment corpus of $550 million, which could result in asset purchases of up to $2.5 billion, according to the partners.
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Simplified laws and regulations spur Chinese companies interest in investing in India
The interest of Chinese companies in investing in India has enhanced significantly following the simplification of laws and regulations and the Indian governmentĂâs determined stance to attract FDI.
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NIIF to raise Rs 8,000 crore in FY18
The National Investment and Infrastructure Fund (NIIF) plans to raise Rs 8,000 crore from various sources to fund projects worth Rs 16,000 crore for the next financial year (FY).
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Viability Gap Funding to support infrastructure projects worth Rs 2,750 crore
Viability Gap Funding, which has been provided a budgetary support of Rs 550 crore, will support projects worth Rs 2,750 crore towards infrastructure building in 2017-18. VGF was Rs 1,000 for the current fiscal.
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Coal India Q3 net profit down 22percent to Rs 2,884 crore
Coal India (CIL) has reported a 22 per cent decline in consolidated net profit at Rs 2,884.4 crore for the third quarter ended December 31. Net profit came in at Rs 3,718 crore in the same quarter of the previous financial year.
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Sandeep Upadhyay, Managing Director and CEO, Centrum Infrastructure Advisory Limited
Budget should focus on higher funds allocation to infrastructure and improving domestic macroeconomic fundamentals
The priority of the Budget should be to improve the macroeconomic fundamentals of the country and make efforts to meet the fiscal deficit targets of last year. The onus should be on productive utilisation of funds.
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PE inflows into real estate sector up 62percent to Rs.38,000 cr
Private equity inflows into the countryĂ´s real estate sector surged 62 per cent to Rs 38,000 crore, during 2016, largely helped by ParliamentĂ´s clearance of two significant legislations - the Real Estate (Regulation and Development) Bill and GST, says a report.
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Ă´Final callĂ´ in $2 million sustainable design competition
Entries in the 5th International LafargeHolcim Awards will close on March 21, 2017. The competition seeks projects at an advanced stage of design from the fields of architecture, building and civil engineering; landscape and urban design; as well as materials, products and construction technologies.
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Total corporate funding in solar sector comes in at $9.1 billion in 2016
Mercom Capital Group, a global clean energy communications and consulting firm, has released its report on funding and mergers & acquisitions (M&A) activity for the solar sector in 2016.