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.
Tag: IRB
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We have sanctioned projects worth Rs.30,000 crore
It's an IPO season. After IRBs' InvIT, state-owned Housing and Urban Development Corporation Ltd (HUDCO) will raise Rs 1,200 crore from the markets. Dr M Ravi Kanth, Chairman and Managing Director, divulges the company's future strategy in an INFRASTRUCTURE TODAY exclusive.
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InvIT provides a window for unlocking invested capital
With IRB raising Rs 5,035 crore by unlocking six projects, Virendra Mhaiskar, Chairman and Managing Director, says that the entity would repay the entire debt on these Special Purpose Vehicles (SPVs), amounting to Rs 3,350 crore.
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IRB to raise Rs 4,300 crore through InvIT Fund
IRB InvIT Fund will become IndiaĂâs first such fund. Currently, IRB has road assets close to Rs 30,000 crore (Rs 19,000 crore are operational; Rs 11,000 crore is under construction).
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Awareness creation is the biggest challenge
Currently, the demand is much less than the supply. We all have an installed capacity, but are not able to sort of utilise that fully because the demand still has to pick up locally.
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Firms keen on InvIT want clarity
Infrastructures developers such as IRB, GMR and IL&FS are keen to launch their infrastructure investment trusts after SEBI announced guidelines last week, but may hold their plans for more clarity on disclosure and accounting norms.
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Solar is simple! As long as the sun shines and you have the right technology with the right equipment, itĂ´s good business
Punj Lloyd Infrastructure Limited (PLIL) is a wholly owned subsidiary of Punj Lloyd which was incorporated as a project development company focussing on public private partnership (PPP) projects in transportation, energy and urban infrastructure.
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Private highway developers’ plea for relief
Citing the continuing economic slowdown that has impacted their projects, private highway developers are urging the Union government for maximum relief. Road builders like IRB, L&T, Reliance Infra, Ashoka Buildcon and Essel Infraprojects have started 16 premium projects and they want the government to allow rescheduling of annual premium payment.