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OIL, IOT agree to collaborate on oil and gas distribution

OIL, IOT agree to collaborate on oil and gas distribution

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 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.