Bharat Petroleum Corporation Limited (BPCL) is planning an IPO in 2017-18 for its Bina refinery joint venture (JV) company, Bharat Oman Refineries Limited, a JV between BPCL and the Oman Oil Company (OOC). With regard […]
GR Infraprojects Limited has filed its draft red herring prospectus to float its maiden public issue. The proposed initial public offering (IPO) comprises a fresh issue to raise Rs 2.4 billion in addition to an […]
Reliance Infrastructure Limited (RInfra) has filed its papers with SEBI seeking approval for forming an InvIT. The company has started the documentation process for its draft red herring prospectus and plans to finish it by […]
Energy Efficiency Services Limited (EESL) has issued bonds worth Rs 5 billion in the domestic market on a private placement basis with the issue being fully subscribed. The bonds, carrying a coupon rate of 8.07 […]
The Union cabinet has approved a proposal to raise about Rs 313 billion by the National Highways Authority of India (NHAI), the Power Finance Corporation, the Rural Electrification Corporation, the Indian Renewable Energy Development Agency, […]
The Housing and Urban Development Corporation (Hudco) has raised Rs 13 billion through the private placement of non-convertible bonds to finance affordable housing and urban infrastructure projects. The entire amount was raised in two tranches […]
YES Bank has raised Rs 21.35 billion by issuing senior long-term infrastructure bonds and will use the proceeds to finance affordable housing and infrastructure projects. The bond issue carried a coupon rate of 8 per […]
ADB has approved a $631 million loan for the construction of an industrial corridor between Visakhapatnam and Chennai, part of India’s first coastal industrial corridor running from Kolkata in West Bengal to Tuticorin in Tamil […]
The Greater Visakhapatnam Municipal Corporation (GVMC) in Andhra Pradesh has availed of a $245 million loan from the Asian Development Bank (ADB) under the Visakhapatnam-Chennai Industrial Corridor Development Programme. The sanctioned amount will be utilised […]
The central government has given in-principle approval to a grant of Rs 5.15 billion for the development of Sagar port in West Bengal. The grant has been given to make the project financially viable. An […]
The Cabinet Committee on Economic Affairs (CCEA) approved viability gap funding (VGF)/partial capital grant of 40 per cent (Rs. 51.76 billion) of the estimated capital cost of Rs 129.4 billion to GAIL (India) Limited for […]
The Securities and Exchange Board of India (SEBI) has amended regulations for real estate investments trusts (REITs) and infrastructure investment trusts (InvITs) in a bid to make these instruments more attractive for raising capital. SEBI […]
The Uttar Pradesh government has laid the foundation stone for the Kanpur Metro Rail Project, Phase I. The 32 km long metro rail system will be developed at an investment of Rs 137.21 billion. The […]
The Patiala Municipal Corporation in Punjab has invited tenders for implementation of the Patiala Solid Waste Management Project. The last date for bid submission is November 15, 2016. The project will be developed at an […]
The Municipal Corporation of Greater Mumbai (MCGM) in Maharashtra is planning to set up two tertiary sewage treatment plants (STPs) in Worli and Bandra. The projects, a part of MCGM’s Mumbai Sewage Disposal Project, will […]
The Hyderabad Metropolitan Water Supply and Sewerage Board (HMWSSB) is yet to complete the construction of the 150 million litre per day (mld) master balancing reservoir (MBR) proposed under the Godavari Drinking Water Supply Project, […]
The centre has approved the setting up of the National Council for River Ganga (Rejuvenation, Protection and Management) which will replace the National Ganga River Basin Authority as the overseeing body for Ganga rejuvenation. It […]
BSNL and Mahanagar Telephone Nigam Limited (MTNL), in association with the telecom ministry, will provide Wi-Fi facilities at 100 tourist destinations across the country, to be identified within the next six months, and will include […]
Vodafone India has launched its SuperNet services in the Odisha circle. The service is currently available in Bhubaneswar and will soon be expanded across the entire state in a phased manner. Meanwhile, the operator has […]
Bharti Airtel has launched 4G services in Gujarat, Madhya Pradesh and Chhattisgarh. The operator will be offering services in these states through the 1800 MHz spectrum band. The operator is also offering a free upgrade […]
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