Ezine Archive
July Issue 2016
July Issue 2016
Month: July 2016
Editorial
July 2016: EDITOR Devangshu Datta
The global slowdown has cast a dark cloud with exports dropping for the past six quarters. But there has been a silver lining in the form of low crude and gas prices. This has led […]
Railways
CCEA approves five railway projects worth Rs 108 billion
The Cabinet Committee on Economic Affairs approved the implementation of five railway projects worth Rs 108 billion on May 26, 2016. The projects are the Pune-Miraj-Londa Line Doubling Project (Rs 36.27 billion), the Surendranagar-Rajkot Line […]
Ports & Shipping
Gangavaram Port commissions four new berths
Gangavaram Port Limited has commissioned four new berths at the port, increasing its cargo handling capacity to 64 million tonnes. The expansion project has been undertaken by the D.V.S. Raju-led consortium (comprising VisualSoft Technologies Limited, […]
Aviation
Air India introduces self check-in facility at 26 airports
Air India has introduced self check-in kiosks, known as common use self-service, at 26 domestic airports located at New Delhi, Mumbai, Bengaluru, Kolkata, Kochi, Chennai, Hyderabad, Aurangabad, Bhopal, Bhubaneswar, Calicut, Coimbatore, Goa, Indore, Jaipur, Jamnagar, […]
Data & Statistics
Key Statistics: Deployment of bank credit and key policy rates
Outstanding bank credit to key infrastructure sectors has increased from over Rs 13 trillion in 2012 to over Rs 20 trillion in 2016. Most of the bank finances remain deployed in the power sector, followed […]
Telecom
Key Statistics: Power index and telecom trends
Electricity generation has been consistently higher in 2016 versus the corresponding period of 2015. In April 2016, generation was about 14.73 per cent higher than in the corresponding month in 2015. Airtel continues to dominate […]
Spotlight
NCAP, 2016: New policy aims to increase affordability and regional air connectivity
After two drafts and several months of consultations, the government finally unveiled the new National Civil Aviation Policy (NCAP), 2016 in June. The policy is being viewed as progressive by the aviation industry in general […]
Miscellaneous
Telecom companies may spend Rs 1 trillion on spectrum in next auction
Telcom companies are likely to spend Rs 1 trillion on buying spectrum across various bands in the next auction likely to be held in September 2016. The top three carriers – Bharti Airtel, Vodafone India […]
Equity Moves
Bharti Infratel to buy back 47 million shares
Bharti Infratel has stated that it will buy back 47 million shares for Rs 425 each in a deal valued at Rs 20 billion. The move is aimed at returning surplus funds, which are over […]
Equity Moves
CLP India acquires 49 per cent stake in SE Solar
CLP India Private Limited has acquired a 49 per cent stake in SE Solar, a special purpose vehicle set up by Suzlon Energy to develop a 100 MW solar project at Veltoor, Telangana. The deal, […]
Equity Moves
Tata Communications to sell Neotel to Liquid Telecom and Royal Bafokeng Holdings for ZAR6.55 billion
Tata Communications has entered into an agreement with Liquid Telecom and Royal Bafokeng Holdings for the sale of its South Africa-based subsidiary Neotel for ZAR 6.55 billion. The transaction is subject to approval by South […]
Equity Moves
Religare Finvest acquires 24.49 per cent stake in ABG Shipyard
Religare Finvest Limited, a subsidiary of Religare Enterprises Limited, has acquired a 24.49 per cent stake (1.32 million pledged shares) in ABG Shipyard Limited. Since March 2014, ABG Shipyard has been in the midst of […]
Equity Moves
GMR Energy sells stake in two transmission projects to Adani Transmission
GMR Energy Limited (GEL), a subsidiary of GMR Infrastructure Limited, has entered into definitive agreements with Adani Transmission Limited (ATL) for the sale of two SPVs – Maru Transmission Services Limited (MTSL) and Aravali Transmission […]
Equity Moves
IOCL, OIL and BPRL to raise $2 billion debt to fund stake purchase in Russian fields
Indian Oil Corporation Limited (IOCL), Oil India Limited (OIL) and Bharat Petro Resources Limited (BPRL) are together looking to raise $2 billion in debt to fund their stake purchase in two Russian fields, Vankorneft and […]
Equity Moves
IL&FS transfers equity stake in NTBCL to consolidate investment in road assets
Infrastructure Leasing and Financial Services (IL&FS) has transferred its equity stake in Noida Toll Bridge Company Limited. The stake transfer comprises 1.9 million equity shares of Rs 10 each representing a share of 1.02 per […]
Public Offerings/ Qualified Institutional Placements
Cochin Shipyard Limited’s IPO to be managed by SBI Capital Markets-led consortium
Cochin Shipyard Limited has hired a consortium of merchant bankers led by SBI Capital Markets Limited to manage its IPO. The other members of the consortium are JM Financial Institutional Securities Limited and Edelweiss Financial […]
Public Offerings/ Qualified Institutional Placements
Mahanagar Gas shares listed on bourses
Mahanagar Gas Limited (MGL) is listed on the exchanges at Rs 540 per share, up 28 per cent from its issue price of Rs 421 per share. The country’s second largest compressed natural gas (CNG) […]
InvITs/REITs
SPGV soughts SEBI approval to raise Rs 25-30 billion through InvITs
Sterlite Power Grid Ventures has sought SEBI approval to raise Rs 25 billion-Rs 30 billion through InvITs. The company plans to utilise the funds for existing and upcoming projects as well as to pay off […]
InvITs/REITs
SEBI grants CoR to MEP as an InvIT
SEBI has granted MEP Infrastructure Developers Limited (MEP) the certificate of registration to set up an infrastructure investment trust (InvIT). MEP is the sponsor for the MEP InvIT.