State-run Power Grid Corporation of India Limited recently said its board has approved six new investment plans worth Rs 5,500 crore. In a meeting held on April 17, the Board of Directors gave investment approvals to two projects involving implementation of two green energy corridors, three communication investment projects
Category: Infrastructure Finance
Post
Post
TN eyes $25 bn investment
The Tamil Nadu Government has come out with Vision 2023, which envisages investments to the tune of Rs 1,50,000 crore ($25 billion)
Post
Vodafone invests Rs 480 cr
Vodafone India said that it has invested over Rs 480 crore to ramp up network and distribution in Uttar Pradesh (UP) East circle over the past 12 months. The company has expanded its network footprint by adding over 800 new 3G sites across UP East in the past 12 months.
Post
Railways in severe financial crisis, says Trivedi Panel
After two years of healthy operations, a severe financial crisis has again gripped Indian Railways (IR), says a parliamen-¡tary panel headed by former Railway Minister Dinesh Trivedi.
Post
Net Neutrality: TRAI invites flak
Netizens and application service providers have overwhelmingly supported net neutrality, urging that apps must not be brought under a licensing regime in response to the consultation paper floated by the telecom regulator on an open Internet.
Post
IT Dept slaps Rs.20,495 cr tax demand on Cairn India
Cairn India Ltd, the petroleum arm of London-headquartered Vedanta Resources Plc, has received a tax notice of Rs.20,495 crore from the Income Tax department for failing to deduct withholding tax on alleged capital gains by its erstwhile promoter, Cairn UK Holdings Ltd (CUHL), a subsidiary of Edinburgh-based Cairn Energy Plc.
Post
BSNL to invest Rs.7,000 crore in 3G, 4G Wi-Fi hotspots
State-run BSNL will invest around Rs 7,000 crore in setting up 3G, 4G wifi hotspots to be integrated across the country over the next 2-3 years.
Post
TN seeks tie-up with Asian bank
The Tamil Nadu Government has asked the Asian Infrastructure Investment Bank to join hands with the state to promote a new Tamil Nadu Infrastructure Fund Management Company (TNIFMC).
Post
Jain Irrigations agri-NBFC arm raises Rs.112 crore
Jain Irrigation announced that its subsidiary Sustainable Agro-commercial Finance Ltd (SAFL) - a non-banking finance corporation - has raised funds worth Rs 112 crore in a mix of equity shares and long term debt.
Post
BP writes off $830 million in KG-D6 block
BP Plc has written down the value of its investment in eastern offshore KG-D6 block by $830 million, following a lower-than-expected gas price hike.