Kandla Port Trust is said to have invested Rs 20 crore in the tax-free bonds issued by Ennore Port, the entity that runs Ennore Port in Tamil Nadu. According to Kandla Port, the ministry of shipping asked it to subscribe to the bond issue of Ennore Port. The direction from the ministry came understandably because of the poor response from investors to the bond
Tag: Tax-free bonds
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Govt hopes to spend Rs 8,500 cr on roads via EPC mode
The Union Road Transport and Highways Ministry is likely to spend the unspent Rs 8,500 crore - raised by NHAI through tax-free bonds - if it gets clearances for award of projects through the engineering, procurement and construction (EPC) mode, the Ministry said on February 2.
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JNPT to spend fund on land reclamation
Reports suggest that the Jawaharlal Nehru Port Trust (JNPT) would spend the amount raised through its upcoming bond issue for land reclamation activities for the proposed fourth terminal. The port plans to raise Rs 2,000 crore through issue of tax-free infrastructure bonds for its expansion
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REC to raise Rs 30,000 crore
Through tax-free bonds and foreign convertible bonds, the Rural Electrification Corp (REC) will raise Rs 30,000 crore in the current financial year.
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Ports: Address regulatory discrepancies
Infra projects in the country do seem to have been languishing in recent times. As far as the port sector is concerned, too many Policies/Bills/Acts are in the Ć¢ā¬Ėdraft/consultationĆ¢ā¬ā¢ stage. The wait and watch situation appears to be prolonged.
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PFC to raise Rs 16,800 cr
Power Finance Corp (PFC) is hoping to raise nearly Rs 16,800 crore in the coming months through issue of securities, including tax-free bonds. Further, PFC has received regulatory approval for $1 billion
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Fin Min clarifies infra definition
Infrastructure will soon have a wider and uniform definition that will encompass some aspects of education and health as well, ensuring asset creation across a number of sectors by making them eligible for various incentives. A panel of secretaries of various ministries is expected to clear the finance ministry's proposal.
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Tax-free bonds of 4 firms
Government has allowed four firms to raise Rs 300 billion via tax-free bonds in the current financial year.
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NHAI to float Rs 50 bn bonds
National Highways Authority of India (NHAI) is expected to launch tax-free bonds worth about Rs 5,000 crore in the first phase over the next few weeks.
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JNPT eyes tax-free bonds for dredging
Tax-free bonds may be Jawaharlal Nehru Port Trust's (JNPT) new way to a deeper draft.
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