The company has been the biggest beneficiary of an uptick in orders in roads, due to its dual business exposure and access to Rs 14 billion of cash inflows over FY2016-18E. The company is targeting order inflow of Rs 40-50 billion in the roads segment and Rs 5-8 billion in the power segment.
Tag: QIP
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Hitting the road
Investing in an infrastructure project isn´t really glamorous, more so if it happens to be a still developing economy like India that needs to first create some basic infrastructure. A new road project or a thermal power plant many not excite as much as investing in a cutting-edge technology start-up in India´s own Silicon Valley, Bengaluru
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Adani Ports to raise Rs.10,000 crore
Adani Ports and Special Economic Zone Ltd (APSEZ), which is looking to expand its ports business, plans to raise up to Rs 10,000 crore
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India Cements´ QIP proposal okayed
India Cements Ltd (ICL) has received shareholder approval for raising Rs 500 crore through qualified institutional placements (QIP) or foreign currency convertible bonds (FCCB) to meet its capital expenditure needs.
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SPML Infra to raise funds
SPML Infrastructure is evaluating options to raise funds by divesting stake in hydro power and road assets. It is also planning to raise up to Rs 1 billion through the QIP.
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KVB may issue shares to raise capital
In order to ramp up its capital base, Karur Vysya Bank is considering to issue shares worth Rs 1,000 cr in one or more tranches through qualified institutional placement (QIP) route. Alternatively, the bank, which was set up in 1916 by MA Venkatarama Chettiar and Athi Krishna Chettiar, may raise the investment cap for the FII upto a limit of 40 per
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Yes Bank to raise capital for business development
Media reports indicate that YES Bank may raise capital by issuing shares through qualified institutional placement (QIP) or any other route in order to fund its expansion plan. The company may also consider Global Depository Receipts, American Depositary Receipts, follow-on public issue or by any other appropriate mode as decided by the Capital Raising Committee, the bank informed the Bom