NaBFID has raised Rs 50 billion through the issuance of long-term bonds. The 15-year bonds carry a coupon rate of 7.25 per cent with a face value of Rs 100,000 each. The issue size comprised a base issue of Rs 20 billion and a greenshoe option of Rs 30 billion. The 0.5 million bonds issued were unsecured, non-convertible, taxable and redeemable.
NHAI to invest over Rs 150 billion in Uttar Pradesh Highway Projects
The National Highways Authority of India (NHAI) plans to invest over Rs 150 billion in new highway projects across Uttar Pradesh to enhance cargo and passenger movement. Several districts, including Kanpur, Bareilly, Barabanki, Bahraich, Agra, […]
Stronger Links: Tools and techniques for safer and sustainable bridge construction
Over the years, bridge design and construction practices in India have come a long way. Now, modern bridge designs involve a comprehensive process that includes site selection, hydraulic and geotechnical analysis, structural design, and mandatory […]
Seed to Scale: Rising investor optimism on the back of new funding avenues
In the past one year, India has steadfastly maintained its status as a favourable investment destination for global and domestic investors. Drawn by compelling valuations, strategic investors have poured in capital, aiming for more exposure […]