On the sidelines of a review meeting of Housing and Urban Development Corporation (HUDCO), Punjab Local Bodies Minister Bhagat Chunni Lal informed that the corporation allotted Rs 2,000 crore for major cities in Punjab. The amount would be used for the overall development of major cities in the state. Lal presided over a meeting with HUDCO CMD VP Baligar to review various loan schemes of HUDCO for development of cities across the stat
Tag: HUDCO
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HUDCO’s Rs 7 bn bond issue gets to top rating
Care Ratings assigned AA rating to the five-year bonds to be issued by Housing and Urban Development Corp (HUDCO) for raising Rs 7 billion or around $127.03 million. The base size of the issue is Rs 1.5 billion, media reports suggest. HUDCO invited bids and set a ceiling of 8.15 per cent on the coupon
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Bihar govt to build Ganga Expressway on its own
The Bihar government, after being let down by private partners, is now planning to construct its ambitious Ganga Expressway project on its own. It has also sought financial assistance from HUDCO and ADB, The State government envisioned this Rs 2,224 crore project to provide 22 kms long four lane congestion free road link within Patna.
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HUDCO to raise Rs 50 bn via bonds
In order to provide long-term funds for housing and urban infrastructure projects, Housing and Urban Development Corporation (HUDCO) decided to raise a maximum of Rs 5,000 crore through issue of tax-free bonds. The bonds, which are expected to hit the market in a few days, would be listed on the NSE. SBI Capital Mark
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Tax-free bonds of 4 firms
Government has allowed four firms to raise Rs 300 billion via tax-free bonds in the current financial year.
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Budget Analysis: Thumbs up … well, almost
The infrastructure investment will reach 8.37 per cent of GDP in the terminal year of the 11th Plan (2011-12). Net bank credit to infrastructure has increased by 59 per cent over previous year. However, total FDI inflows during April-November 2010 were 26.67 per cent lower compared to the inflows during the same period in the previous year.
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Budget 2011-12: Infra on higher pedestal
The government intends to spend Rs 214,000 crore on infrastructure, 23.3 per cent higher than the allocations in 2010-11, accounting for major share of 48.5 per cent of the gross budgetary support to the central plan.
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India Infrastructure Finance 2010: Needed-A human face to infra lending
Infrastructure lending may need a more qualitative assessment approach, different from shorter-term, quantitatively evaluted funding, say experts.
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