The funds thus raised would provide impetus to various ambitious plans of the Government of India towards development of infrastructure sector in India. New Delhi, March 12, 2024 IIFCL received overwhelming response to its fund raising programme through bonds/debentures with subscription of Rs 3,494.50 crore which is nearly 7x of the base issue size of...
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HSR Needs Fast Tracking
RECPDCL Handovers Ratle Kiru Power Transmission Limited, a SPV of Transmission Project, to IndiGrid 2 Private Limited
RECPDCL Handovers 3 Nos. SPVs of transmission projects viz. Banaskantha Transco Limited, Kurnool-IV Transmission Limited & Rajasthan V Power Transmission Limited to Power Grid Corporation of India Limited
Showcasing India’s Supply Chain Revolution
Highlighting the Future of Smart, Sustainable Infra
Driving Sustainability Through Innovation
REC Signs ₹18,360 Cr MoU with Govt. of Kerala for Pump Storage Projects
IIFCL Launches its Gender Equality and Social Inclusion (GESI) Cell on the occasion of International Women’s Day 2025.
IIFCL and CBI Sign Expression of Interest to promote Sustainable Infrastructure Financing in India
CCI India presents 1st edition of CEO Round Table Conference on Agriculture
Jayesh Ranjan & Cement Expo Forum Leaders converge in Hyderabad
Fluence Launches Advanced Smartstack Platform for New Energy Storage Era
NBCC inks MoU with NIT Kurukshetra valuing Rs. 300 Crore
REC Foundation Commits ₹6 Crore to Sankara Eye Hospital for Cataract Surgeries Benefiting 8,000 EWS Patients
Integrated Exhibition Cum Convention Centre (IECC), better known as Bharat Mandapam, achieves prestigious GRIHA 4-Star Rating
REC Limited Signs Agreement with CVPPL, to provide ₹2147.508 Crore Term Loan to Develop 1000MW Pakal Dul Hydro Electric Project
NBCC Reports Robust 40% Surge in Net Profit
The time to invest in India’s energy sector is now, says PM Modi
India’s Oil Minister Urges Energy Justice to Ensure Equitable Global Energy Transition
Tag: funds
Key parameters for smart cities identified
Successful development of smart cities across the country will depend on five critical elements such as power, infrastructure, funds, technology and social capital, property consultant Cushman & Wakefield said.
Rs 5 lakh crore needed to complete sanctioned rail projects
Railways need nearly Rs 5 lakh crore to complete all sanctioned projects for which it is mobilising additional resources including private investment, FDI and private-public partnership.
The new alternative
Despite sluggishness in the infrastructure sector, Alternate Investment Funds managed to attract the maximum amount of investments during the year,
West Bengal gets 421 rural roads under PMGSY
The Union Rural Development minister Jairam Ramesh has said that his department has finalised funds for 421 roads covering 1,887 km in West Bengal. The State Chief Minister Mamata Banerjee had written to the Prime Minister about norms being flouted by the Centre in allotment of funds to states.
Infra definition expanded for ECB facilitation
With an intension to raise funds through external commercial borrowings (ECBs) the Reserve Bank of India (RBI) on September 18 expanded the definition of the infrastructure sector. The existing definition will be expanded for infrastructure sector for the purpose of availing ECBs, the apex bank said in a notification.
Borrowing of infra firms rises faster than revenue
Official data shows that the borrowing of 17 construction and infrastructure (C&I) companies that are part of the BSE-500 index has risen more than their revenue and net profit during the last five years since 2008. While borrowings of these firms rose a little over five times, to Rs 2.7 lakh crore since 2008, their revenue and cas
Reliance Capital to strengthen footprint in financial services sector
In his annual letter to shareholders as Chairman of Reliance Capital, Anil Ambani said the company prepared a plan to strengthen its footprint in the financial services industry. Reliance Capital, which is the financial services arm of Reliance Anil Dhirubhai Ambani Group (ADAG), intends to more than double its customer base in the next 3-5 year
CSL mulls Rs 20 bn investment to raise capacity
Media reports indicate that Cochin Shipyard (CSL) would invest almost Rs 2,000 crore towards its capacity expansion plan in the coming years by raising funds through an initial public offering (IPO). The company would raise part of the funds needed for this investment through the proposed IPO. The capacity expansion plan of the firm is part of its ambition to become a leading international shipbuilding and repair yard.
Housing finance firms may use ECB to fund projects
National Housing Bank (NHB) expects Housing finance companies (HFCs) to raise funds through the external commercial borrowings (ECBs) as Reserve Bank of India (RBI) reviewed ECB norms. HFCs may avail ECBs to fund their affordable housing projects, NHB, which is the regulator of the sector said. RV Verma, Chairman of NHB said the regulator received an application from HDFC for ECB and it expe