Tata Power plans to raise $450 million by issuing corporate hybrid securities, revising its target upwards from $300-400 million, and may be used for securing long-term coal supplies and repaying debt.
Tag: India
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Telco to go bond route
Bharti Airtel, India's top mobile phone carrier, plans to raise $750 million to $1 billion through a global bond issue to retire its costly Africa debt and fund expansion there.
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Rural disbursals fall
During fiscal 2010-11, Nabard sanctioned project loans worth Rs18,315 crore as against Rs15,630 crore in the previous fiscal year.
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M'lore terminal drops PPP plan
The New Mangalore Port Trust (NMPT) is planning to construct a container terminal on its own and has dropped the plan of public private partnership (PPP) model.
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Concor plans hub
Container Corporation of India (Concor) is planning to develop its Shalimar terminal in Howrah, West Bengal into a hub for domestic traffic and is accordingly offering attractive packages to customers guaranteeing cargo.
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AP jetty order cancelled
The Andhra Pradesh government has cancelled the order given by the state director of ports to Mumbai-based Urmila Project Services to construct a jetty at Machilipatnam Port.
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Rly coach wkshp soon
GPT Infrastructure, which has been assigned the task to complete the civil work of the railways' ambitious project, Coach Maintenance Workshop, coming up at Harnaut in Bihar.
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Delhi-Mum Expwy proposed
The Ministry of Road Transport and Highways is considering aligning expressways along the proposed Delhi-Mumbai railway freight corridor.
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Intertraffic in India
Intertraffic will be in India Intertraffic events are staged biennially in The Netherlands, Turkey,China and now for the first time ever in India.
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ONGC to rethink CBM strategy
ONGC is considering fresh strategies for coal bed methane (CBM) development, nearly two decades after initiating exploration and spending hundreds of crores in largely unsuccessful attempts to bring the assets into production.