Siemens Ltd has announced that it has received an order worth approximately Rs 366 crore from Oil and Natural Gas Corporation Limited (ONGC). The order includes supply of material for overhauling of 18 power turbines through zero-hour overhaul and time-continued overhaul.
Category: Infrastructure Finance
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PE inflows into real estate sector up 62percent to Rs 38,000 cr in 2016
Private equity inflows into the country’s real estate sector surged 62 per cent to Rs 38,000 crore, during 2016, largely helped by Parliament’s clearance of two significant legislations — the Real Estate (Regulation and Development) Bill and GST, says a report.
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ReNew Power secures $390 million debt funding from ADB
Renewable energy firm ReNew Power Ventures Ltd has announced that it has secured long-term debt financing of $390 million (approximately Rs 2,650 crore) from Asian Development Bank (ADB).
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Total solar sector corporate funding 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.
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Signature Global to invest Rs 500 cr to build affordable homes
Realty firm Signature Global, which is into development of affordable homes, will invest Rs 500 crore to develop two housing projects in Gurgaon as the company expects better demand after the government announced an interest subsidy under the Pradhan Mantri Awaas Yojna.
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Global corporate funding in solar sector falls 64percent in 2016
Total global corporate funding in the solar sector, including venture capital/private equity (VC), debt financing, and public market financing, raised by public companies came to $9.1 billion in 2016, compared to $25.3 billion in 2015, a 64 per cent drop, clean energy consulting firm Mercom Capital has said.
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Ezyhaul gets $840k seed funding
Start-up Ezyhaul has raised roughly $8,40,000 in seed funding to expand its market presence this year. The Singapore-based firmÂ’s investment came from a group of logistics industry leaders it has declined to name.
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ICRA launches new credit rating system for infrastructure
Rating agency ICRA Ltd has announced the countryÂ’s new credit rating system for the infrastructure sector, in line with the announcement made in the Budget 2016 document.
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Government to fund up to 60percent R and D cost for e-vehicles
The government has decided to fund up to 60 per cent of the R&D cost for developing indigenous low-cost electric technology that will help power two-, three-wheelers and commercial vehicles operating in public spaces, a move aimed at reducing pollution.
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REITs, InvITs may help to raise Rs 50,000 crore
Real estate investment trusts (REITs) and infrastructure investment trusts (InvITs) can help raise close to Rs 50,000 crore in the near-term, given certain playersÂ’ interest in the infra and real estate space, according to a report.