Oil India (OIL) agreed to explore the development of city or natural gas distribution network in India and overseas in partnership with IOT Infrastructure & Energy Services. Both the firms signed a memorandum of understanding (MoU) in this regard recently. The MoU is for the EPC (Engineering-Procurement-Construction) jobs related to the distribution network of gas
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Srei Infra to raise Rs 500 cr
Srei Infrastructure Finance will raise up to Rs 500 crore through a public issue of infrastructure bonds. Srei has not issued retail infrastructure bonds so far, though the tax-saving tool has been available for the last two years.