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.
Views of A.K. Tiwari: “PNG has become a policy priority”
India’s city gas distribution (CGD) sector has witnessed notable expansion over the years, driven by supportive government policies and rising demand. The Petroleum and Natural Gas Regulatory Board (PNGRB) has authorised 307 geographical areas (GAs) […]
Centre to allocate Rs 4.88 billion for power projects in Telangana
Reportedly, the central government has allocated an investment of Rs 4.88 billion under the Power System Development Fund for nine new schemes in Telangana to strengthen the state’s power grid and ensure reliable electricity supply. […]
Leading the Way: Policy initiatives position Gujarat at the forefront of the energy transition
Gujarat was an early adopter of renewable energy in India. The state’s renewable energy journey began with a strong emphasis on wind power. It introduced its first wind policy as early as 1993, which was […]