Infrastructure Investment

SBI looks to raise Rs 10,000 crore through 15-year infra bonds next week

SBI has previously raised Rs 20,000 crore in infrastructure bonds in the current financial year FY25

Indian Bank raises Rs 5,000 crore through long-term infrastructure bonds

The bank said the private placement of long-term infrastructure bonds received an overwhelming response at 3.19 times the total issue size

Unchecked Urban Growth: How illegal constructions hurt cities and safety

Illegal constructions make cities less liveable and endanger lives, but technology offers a path forward

Private capex in key infra sectors not 'to the extent desired': Eco Survey

International experience shows how initiatives at the sub-national level can facilitate resource mobilisation for infrastructure development, the report noted

India's core sector output sees 6.2% growth in April, shows govt data

The eight sectors-coal, steel, cement, fertilisers, electricity, natural gas, refinery products, and crude oil-comprise two-fifths of India's total industrial production

IndiGrid Investment Managers settles InvIT rule violation case with Sebi

IndiGrid Investment Managers Ltd has settled a probe by markets regulator Sebi in a case pertaining to the alleged violation of infrastructure investment trust (InvIT) rules after paying Rs 23.4 lakh towards settlement charges. The case related to IndiGrid Investment Managers allegedly using funds mobilised through borrowings for purposes other than the acquisition or development of infrastructure projects. The order came after IndiGrid Investment Managers filed a settlement application with Sebi proposing to settle the instant proceedings initiated against it "without admitting or denying the findings of facts and conclusions of law" through a settlement order. After IndiGrid Investment Managers paid the settlement amount, Sebi, in a settlement order passed on Monday, said the "instant adjudication proceedings initiated against the noticee vide SCN (SCN) ...September 21, 2023 is disposed of". The Securities and Exchange Board of India (Sebi) initiated adjudication proceedings ...

NaBFID eyes Rs 1 trillion sanctions for new infra projects in FY25

May tap into overseas market for fundraising in H2FY25

India sends 2nd tranche of INR/Nu 5 bn to Bhutan for infrastructure project

Notably, the first tranche of INR/Nu Five billion was released on January 28, 2024

At 100, co-op infra major ULCCS set to expand footprint beyond Kerala

Having grown from humble beginnings into a major infrastructure builder, Kerala-based Uralungal Labour Contract Cooperative Society (ULCCS) has plans to extend its footprint in its centenary year, based on the foundational vision of sustainable and inclusive development. Founded by a group of youngsters inspired by the teachings of social reformer and renaissance flag-bearer Vagbhatanandan as a workers' collective at a village near Uralungal in Kozhikode district in 1925, ULCCL is now a mega enterprise with an annual turnover of Rs 3000 crore and a large workforce on muster rolls. As a Total Solution Provider (TSP), ULCCS in recent years forayed into cutting-edge fields as well including Information Technology, skill development and material quality testing, even as consolidating its position in the infrastructure development. With a rich legacy and flourishing portfolio of 7500+ projects, ULCCS is a member of the International Cooperative Alliance (ICA) and earned the internationa

Defence minister inaugurates 35 Border Road projects worth Rs 670 crore

Rajnath Singh announces risk and hardship allowance for BRO personnel and increases ex-gratia compensation for casual labourers to Rs 5 lakh from Rs 2 lakh

Capacit'e Infra raises Rs 200 cr via QIP route for working capital needs

Capacit'e Infra on Friday said that it has raised Rs 200 crore through issuance of Qualified Institutional Placement (QIP). The proceeds from the QIP will be utilised for funding working capital requirements and other general corporate purpose of the company, Capacit'e Infra said in a statement. "Capacit'e Infraprojects announces the successful completion of its fundraise of Rs 200 crore through a QIP. The book was subscribed more than four times and witnessed traction from a diversified set of investors," it said. The company's QIP committee approved the issue allotment of 79,47,546 equity shares of face value of Rs 10 each to 24 Qualified Institutional Buyers (QIBs) at an issue price of Rs 251.65 per equity share (including a premium of Rs 241.65 per equity share). Capacit'e Infra Executive Director Rohit Katyal said, "We witnessed a positive response to our QIP. It reflects the trust investors have in our potential. The funds raised through this QIP shall empower us to accelerat

Centre releases additional Rs 73k crore tax devolution to states

Money released for financing social welfare measures and infrastructure development: Finance Ministry

Joshimath crisis: Govt approves Rs 1,658 cr recovery, reconstruction plan

The Centre on Thursday approved a Rs 1658.17 crore recovery and reconstruction plan for Joshimath in Uttarakhand which was affected by landslide and ground subsidence earlier this year. The decision was taken by a high level committee, headed by Union Home Minister Amit Shah, according to an official statement. The committee approved the Recovery and Reconstruction (R&R) plan of Rs 1658.17 crore for Joshimath, the statement said. Under this plan, Rs 1079.96 crore of central assistance will be provided from the recovery and reconstruction window of the National Disaster Response Fund (NDRF). The Uttarakhand government will provide Rs 126.41 crore from its State Disaster Response Fund (SDRF) towards relief assistance and Rs 451.80 crore from its state budget, including land acquisition cost for resettlement of Rs 91.82 crore. Joshimath was hit by landslide and ground subsidence and the central government has extended all necessary technical and logistical support to the state, the

BoB to raise upto Rs 5,000 cr via 1st tranche of infrastructure bond

The bank had said that it will use the amount to fund business growth

India Grid Q2 net profit falls 69% to Rs 39 cr, total income up Rs 720 cr

Infrastructure investment trust India Grid Ltd (IndiGrid) on Friday reported a 69 per cent decline in its net profit to Rs 38.89 crore in the September quarter. Its consolidated net profit stood at Rs 125.79 crore in the quarter ended on September 30, 2022, according to a regulatory filing. The company's total expenses rose to Rs 683.39 crore in the July-September quarter from Rs 466.76 crore a year ago. During the period under review, total income also increased to Rs 720.18 crore as against Rs 595.91 crore in the year-ago period. The board of directors of IndiGrid Investment Managers Ltd (IIML) acting in the capacity of Investment Manager to IndiGrid also approved a declaration for the second quarter of FY24 distribution of Rs 3.55 per unit, comprising Rs 2.8961 per unit in the form of Interest, Rs 0.6341 per unit in the form of Principal payment and Rs 0.0198 in the form of Other Income. The record date for this distribution will be November 9, 2023, and payment will be made on

DTDC Express looks to invest Rs 100 cr in infra, tech development in FY24

DTDC Express looks to invest at least Rs 100 crore in infrastructure and technology development, among others, this fiscal amid a brighter business outlook, the company's chairman and managing director Subhasish Chakraborty has said. He said the company is also expecting 30 per cent growth in total shipments handling this festive season (October-November) as compared to September. The integrated express logistics operator, which has a presence in both domestic and international markets, offers a range of services including premium express, express parcel, e-commerce b2c as well as warehousing business. "Our investment is happening on infrastructure, technology (upgrade) development as well as building technology team. And this investment, possibly, will not be less than Rs 100 crore this year," Chakraborty told PTI in an interaction. The logistics sector is growing very strongly and is seeing much better and higher growth than the domestic economy, he said. "I am quite sure that w

Rajasthan CM approves Rs 18 crore for panoramas of great personalities

The chief minister announced the initiative during the 2023-24 state budget and will be financed by the state's Tourism Development Fund

Long road to fiscal consolidation

Even though India needs large infrastructure investments, the government should have prioritised fiscal consolidation

India's G20 presidency: Infra Working Group meet to begin today in Pune

A two-day G20 Infrastructure Working Group (IWG) meeting will begin in Maharashtra's Pune city on Monday where participants will deliberate on various aspects of infrastructure investments. The meeting will be joined by 65 delegates from IWG member countries, guest nations and international organisations invited by India to discuss the 2023 Infrastructure Agenda under India's G20 presidency, as per an official release. The Department of Economic Affairs, Ministry of Finance, and Government of India will host the two-day IWG meetings, with Australia and Brazil as co-chairs, the release said. "The G20 Infrastructure Working Group deliberates on various aspects of infrastructure investments, including developing infrastructure as an asset class, promoting quality infrastructure investment and identifying innovative instruments for mobilising financial resources for infrastructure investment," it said. The outcomes of the Infrastructure Working Group feed into the G20 Finance Track ...

SBI's maiden infra bond issue for Rs 10,000 cr oversubscribed 3.27 times

10-year paper priced at 7.51%, or about 17 bps above benchmark g-sec yield