Jaiprakash Associates Limited (JAL) is selling its 2.1 million tonne per year capacity split grinding plant at Bhilai, Chattisgarh to Shree Cements Limited for an enterprise value of Rs 21-22 billion. This is an attempt […]
France’s stock market regulatory body, AMF, has stated in a provisional report that Finnish telecom group Nokia’s $17 billion all-share offer for French-American rival Alcatel-Lucent has been successful. The report stated that the minimal condition […]
The Tata Capital Innovations Fund, a private equity fund managed by Tata Capital, has invested about $5 million in mobile internet solutions provider Alef Mobitech Solutions. Alef Mobitech Solutions is a subsidiary of US-based Alef […]
PNC Infratech Limited has announced the completion of a transaction involving the sale of equity shares of Jaora-Nayagaon Toll Road Company Limited (JTCL) to Viva Highways Limited for a consideration of Rs 341.94 million. PNC […]
Essel Infraprojects Limited has raised Rs 6 billion through non-convertible debentures (NCDs) at a semi-annual coupon rate of 9.05 per cent per annum for a project entailing four-laning of the Lucknow-Rae Bareli section. The project […]
Nagpur Seoni Expressway Limited (NSEL), a wholly owned subsidiary of Sadbhav Infrastructure Project Limited, has refinanced its existing external commercial borrowing debt facilities by the issuance of AAA (SO) NCDs to investors with revised terms […]
The Indian Renewable Energy Development Agency (IREDA) started selling up to Rs 17.16 billion worth of tax-free bonds from January 8, 2016. These bonds offer a generous yield at the highest interest rate seen so […]
Torrent Power Limited has received shareholders’ approval to raise debt with an option for lenders to convert it into equity upon certain conditions. As per the resolution passed by the shareholders, this would apply to […]
Tata Power Company Limited has refinanced outstanding rupee loans to the tune of Rs 38.64 billion for its 4,000 MW Mundra ultra mega power project (UMPP) in Gujarat. This is likely to yield savings of […]
The Ministry of Urban Development (MoUD) has approved the SAAP worth Rs 12.58 billion for Karnataka under AMRUT for the current financial year. About 90 per cent of the funds will be utilised for undertaking […]
The Nellore Municipal Corporation in Andhra Pradesh has received approval from the central government to implement the Nellore Water Supply Improvement Project with financial assistance from the Japan International Cooperation Agency (JICA). JICA will provide […]
The Department of Urban Affairs, Government of Kerala, will implement AMRUT in nine cities under the first phase of the mission. According to the state annual action plan (SAAP), a sum of Rs 5.87 billion […]
The Uttar Pradesh government has sanctioned Rs 168.8 million to the Bareilly Municipal Corporation (BMC) for the rehabilitation of old and obsolete water pipelines in the city under the Atal Mission for Rejuvenation and Urban […]
The Punjab government has sanctioned Rs 4.16 billion for undertaking various infrastructure projects in SAS Nagar, Mohali. A sum of Rs 261.8 million has been earmarked for undertaking various water supply projects in the district. […]
The government held its first meeting for the setting up of the proposed National Investment and Infrastructure Fund (NIIF). As a part of the meeting, the broad roadmap for future activities of the fund was […]
The Committee on Revisiting and Revitalising the PPP Model of Infrastructure Development has submitted its report. The committee has suggested broad guidelines for the next generation of public-private partnership (PPP) contracts, while allocating and managing […]
The Kochi Municipal Corporation in Kerala has approved the implementation of the Brahmapuram MSW-to-energy project on a PPP basis. As per the plans, the plant will be capable of processing 400 tpd of waste. It […]
The Bihar government has launched a mobile application that enables citizens to lodge complaints pertaining to civic services such as drinking water, sewerage, drainage and solid waste management. The application has been launched under the […]
Maharashtra-based Essel Infraprojects Limited has commissioned its waste-to-energy project at Vengadamangalam in Tamil Nadu. The project has been undertaken at a cost of Rs 1 billion on a design-build-operate-transfer basis. The contract has an operations […]
The Tamil Nadu government has laid the foundation stone for implementation of the Chennai Storm Water Drainage Project Phase I. The project scope involves construction of stormwater drains and canals in three zones – Zone VII […]
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