Cochin Shipyard, which recently received Cabinet clearance for an initial public offering, is planning to raise Rs.600-700 crore to support the companyĂ´s Rs.2,500 crore investment in the ship repair facility and a new dry dock.
Category: Infrastructure Finance
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MIAL eyes development fee to fund two metro stations
Mumbai International Airport Limited (MIAL) has approached the Airports Economic Regulatory Authority (AERA) with a plea to levy a development fee of `50 per embarking domestic passenger and Rs.100 per embarking international passenger.
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Exemplary Figure
Former RBI Deputy Governor Subir Gokarn has been appointed as an Executive Director on the board of the International Monetary Fund (IMF).
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Versatile Genius
SREI Infrastructure Finance Vice-Chairman Sunil Kanoria assumed charge as the president of industry body Associated Chambers of Commerce and Industry of India (Assocham). Vice-Chairman Sunil Kanoria assumed charge as the president of industry body Associated Chambers of Commerce and Industry of India (Assocham).
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AMRC urges state govt for Rs.500 cr
The Amaravati Metro Rail Corporation (AMRC) Managing Director Ramakrishna Reddy has urged the government to take immediate measures for release of funds to the tune of Rs.500 crore.
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SC asks Vodafone to deposit Rs.2,000 cr
The Supreme Court directed Vodafone India to deposit Rs.2,000 crore with the department of telecommunications, paving the way for the phone company to go ahead with a three-year-old process to merge six group units amid a plan to revive an initial public offering (IPO).
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PGCIL lowest bidder for Rs.6,300-cr Vemagiri II proj
Power Grid Corporation Ltd (PGCIL) has emerged as the lowest bidder for Vemagiri II power transmission project of around Rs.6,300 crore in a tariff-based auction. For Vemagiri II project, PGCIL has bid very aggressively and quoted Rs.359 crore annual tariff per annum followed by Sterlite Grid (Rs.429.05 crore), Essel (Rs.459 crore) and Adani (Rs.585 crore).
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Japan offers India $15-bn for bullet train project
Japan has offered to finance IndiaĂ´s first bullet train, estimated to cost $15 billion, at an interest rate of less than a per cent, officials said, stealing a march on China, bidding for other projects on the worldĂ´s fourth-largest network.
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Maintenance of lanes led to delay in NH-8 project
The land availability may have remained one of the prime reasons behind the delay in NH-8 project, but the developer- Pink City Express Private Limited (PCEPL)- has made some observations which point out other reasons for the delay.
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Deposits under Jan Dhan Yojana cross Rs.25,000 cr
Deposits in accounts opened under the governmentĂ´s ambitious financial inclusion scheme Pradhan Mantri Jan Dhan Yojana have crossed Rs.25,000 crore, the Finance Ministry said. A Ăâgood amountĂâ has come to the banks as low-cost deposits, it said.