IL&FS Investment Managers Ltd (ILFS IML), the private equity arm of IL&FS, will raise about $1 billion (Rs 6,000 crore) from primarily overseas investors to invest in roads,
Tag: investment
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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.
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PEL partners with APG for $1billion infra JV
Piramal Enterprises Ltd (PEL) is tying up with the worlds second largest pension fund APG Asset Management (APG) to invest $1 billion in Indias roads, ports, airports, power plants, telecom towers, the education and healthcare sectors.
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Reliance raises Jaypee funds
Reliance Power has initia¡ted discussions with the Singapore government-owned investment firm, Temasek Holdings, to raise up to $500 million and tie up funding for the three Jaypee Group hydroelectric power assets that it is acquiring
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Rlys gets Rs 15,000 cr worth proposals in PPP mode
Indian Railways has received proposals totalling Rs 15,000 crore for development of various projects under the PPP mode, according to the Railway Minister Sadanada Gowda.
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GVKs Tokisud production
GVK Coal (Tokisud) Company, a subsidiary of GVK Power & Infrastructure Ltd, expects to start coal production at its Tokisud mine in Jharkhand and supply the fuel to the parent companys 540-MW Goindwal Sahib thermal power plant in Punjab by November
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Coal India hit by equipment flaws
Coal India Ltd (CIL) is facing the basic problems of not having enough mechanical shovels, dumpers and explosives. The new government, which has a 90 per cent stake in the $40 billion company,
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Gangavaram Port to set up LNG terminal
The Infrastructure and Investment Department of the Government of Andhra Pradesh has accorded permission to Gangavaram Port to set up an LNG terminal in a joint venture with Petronet.
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Kenyan delegation visits KINFRA processing park
A team from Kenya consisting of 7 members visited the KINFRA Food processing park, Kakkenchery on 12th July 2014 for benchmarking purpose as part of their feasibility study for setting up of an agro-based SME industrial park at Eldoret, Kenya.
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Budget gives boost to real estate
The Budget proposes low-cost housing for young citizens with Rs 4,000 crore; allocation of Rs 4,000 crore for affordable housing via National Housing Bank and housing for all by 2022, which will create a favourable environment that will boost affordable housing in the country.