Hindustan Construction Company has made payment towards redemption of the outstanding Zero Coupon Convertible Foreign Currency Bonds along with the accumulated redemption premium at the redemption price of 137.7 per cent of the principal amount.
Category: Infrastructure Finance
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Tower biz gets infra status for funds
In an effort to support funding for telecom facilities, the Reserve Bank of India declared that telecom towers will be treated as infrastructure facility, to get credit from non-banking finance firms.
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IIFCL signs $250 mn deal with ADB
The government, Asian Development Bank (ADB) and the IIFCL have signed a $250 million loan agreement for tranche 2 of the ongoing Second India Infrastructure Project Financing Facility.
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Nomura floatS $500 mn fund
Nomura Securities plans to raise $500 million India Infrastructure Fund from domestic investors to invest in companies that build roads, ports and power utilities.
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Annual subsidy for PSUs
Due to the deteriorating performance of PSUs, the department has revived its proposal for the merger of BSNL and MTNL.
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Budget 2011-12: Infra on higher pedestal
The government intends to spend Rs 214,000 crore on infrastructure, 23.3 per cent higher than the allocations in 2010-11, accounting for major share of 48.5 per cent of the gross budgetary support to the central plan.
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Enam Infra Fund to invest Rs 3,700 crore in infra
The cabinet committee on economic affairs cleared the investment proposal of Enam India Infrastructure, a Mauritius-based venture capital fund, to invest Rs 3,700 crore in India’s infrastructure and energy projects through a dedicated core sector fund.
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Spreading equitability
The more developed among our states must now focus on development that is both inclusive and as uniform as possible.
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Rise in Q3 income: MARG
MARG has posted a significant rise in its income from operations at Rs 317.32 crore in the third quarter ended December 2010 as against Rs 206.64 crore a year ago.
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UP to invite bids for solar
Uttar Pradesh government will float bid document to attract private investment in solar to supply energy.