It is often pointed out that every rupee invested in ramping up railway infrastructure benefits the economy six times over. Therefore, after languishing for nearly 70 years, modernisation of the sector has been put on the fast track.
Tag: infrastructure
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30 more smart cities announced; takes the total to 90 so far
The government today announced another list of 30 cities for development as smart cities taking the total cities picked up so far to 90 under Smart City Mission launched on June 25, 2015.
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Don’t stymie equipment & technology
The recent inauguration of India's longest bridge above water, the 9.15 km Dhola-Sadiya bridge by PM Modi coincided with the completion of three years of his government in office.
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Indian cities have much to learn from Chinese cities
In an exclusive interaction, Zheng Bin, CEO, Industrial and Commercial Bank of China Ltd and Chairman, MCEA, says that India should not blindly follow the models adopted by other Smart Cities which have come up across the world, and instead rely on its own strategy.
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Timely Fixes
Historically, infrastructure projects in India have been funded on a mix of debt and equity. The current trends suggest so. Over the past 15 days, as many as three initial public offerings-IRB, HUDCO and PSP Projects - have hit Dalal Street, raising more than Rs 6,000 crore, a testimony to the fact that the bond market is gaining pace after the 2008 turmoil.
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HDFC Bank to raise Rs 50,000 crore via infra bonds, debt securities
HDFC Bank has said that it will raise up to Rs 50,000 crore through debt securities and infrastructure bonds over the next 12 months. In a filing to the BSE, the institution said the Board has approved the issue of debt instruments, Tier-II bonds and long-term infrastructure bonds of up to Rs 50,000 crore.
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Infrastructure sector sees deals worth $3.49 billion in FY17
The infrastructure sector raised a total of $3.49 billion across 33 transactions in FY17 compared with $2.98 billion raised in 31 transactions in FY16, highlighting the growing number of deals in the sector, according to data from investment bank Equirus Capital.
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Infra push to see cement demand improve to 5percent in FY18, says ICRA
An expected revival in the infra space may help cement demand to grow to around 4 to 5 per cent in the next fiscal, according to ratings agency ICRA.
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GVK completes Rs 2,200-cr stake sale in Bangalore International Airport Project
GVK Power and Infrastructure has announced that it has completed the stake sale in Bangalore International Airport Project (BIAL).
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Gayatri Projects signs new irrigation order
Gayatri Projects has secured an irrigation contract worth Rs 1,363 crore from the Executive Engineer, Karnataka Neeravari Nigama Limited.