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Budget 2017

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Infrastructure - General News

  • Adani Ports raises USD500 million via bonds

    Adani Ports raises USD500 million via bonds  

    "The company has raised USD 500 million by allotment of fixed rate senior unsecured notes. The said notes will be listed on Singapore Exchange Securities Trading Ltd," the firm informed the BSE.

    19 Jan 2017, 8.46 pm  |  Source: PTI

  • MEP bags 4-laning contract from NHAI in Nagpur

    MEP bags 4-laning contract from NHAI in Nagpur  

    The company has received a letter of appointment from NHAI for the contract which stretches from Fetri village to Dhargaon (Package II) with a total length of 28.05 km, MEP said in a statement issued here.

    19 Jan 2017, 4.00 pm  |  Source: PTI

  • AIIMS, NBCC signs MoU to build 3,000 flats for hospital staff

    AIIMS, NBCC signs MoU to build 3,000 flats for hospital staff  

    Terming as "historic moment" the signing of MoU, Union Health Minister J P Nadda said in the last two years many development proposals of AIIMS have turned into reality.

    17 Jan 2017, 3.16 pm  |  Source: PTI

  • Siemens bags orders worth Rs 319 cr from Railways` DLW

    Siemens bags orders worth Rs 319 cr from Railways' DLW  

    The company has bagged an order worth Rs 98 crore DLW to design, supply and install 48 alternating current (AC) traction systems for dual cab high horsepower diesel engine locomotive for Indian Railways, it said in a statement.

    14 Jan 2017, 12.48 pm  |  Source: PTI

  • Hope to reduce debt by Rs 4k cr by March: IL&FS Transportation

    Hope to reduce debt by Rs 4k cr by March: IL&FS Transportation   

    IL&FS Transportation Network today reported net profit of Rs 55.7 crore versus a loss of Rs 19.4 crore for the December quarter. Total income has fallen to Rs 1,020 crore vs Rs 1,117 crore down 8.6 percent in the year ago period.

    13 Jan 2017, 7.59 pm  |  Source: CNBC-TV18

  • Adani Ports to develop 3rd phase of Mundra Port for Rs 6,000 cr

    Adani Ports to develop 3rd phase of Mundra Port for Rs 6,000 cr  

    The upcoming capacity expansion of Mundra Port, touted as one of the top multi-purpose ports in the country in terms of traffic held, would lead to employment generation for 600 people, sources said.

    13 Jan 2017, 9.38 am  |  Source: PTI

  • Adani Ports raises $500 mn via foreign currency bonds

    Adani Ports raises $500 mn via foreign currency bonds  

    The company will utilise these proceeds for refinancing its high cost external commercial borrowings (ECBs) to achieve its objective of reducing high cost debt and improving its debt maturity profile, APSEZ said in a statement.

    13 Jan 2017, 7.52 am  |  Source: PTI

  • Adani Ports to raise $ 500 mn via foreign currency bonds

    Adani Ports to raise $ 500 mn via foreign currency bonds  

    "The finance committee of the company has approved issuance of fixed rate senior unsecured notes aggregating to USD 500 million and has approved the pricing, tenure and other terms," APSEZ said in a BSE filing.

    12 Jan 2017, 10.46 am  |  Source: PTI

  • Rs 4,350 cr order win factored in ABB`s stock price: Dolat Cap

    Rs 4,350 cr order win factored in ABB's stock price: Dolat Cap   

    In an interview to CNBC-TV18, Rabindra Nath Nayak, Senior Research Analyst (Power and Capital Goods) at Dolat Capital Group spoke about Rs 4,350 crore order that ABB received from Power Grid for a power transmission link.

    11 Jan 2017, 12.24 pm  |  Source: CNBC-TV18

  • Govt clears 26% strategic sale in BEML

    Govt clears 26% strategic sale in BEML  

    Government will sell 26 percent stake in defence equipment manufacturer BEML, making it the first major PSU to be sold through strategic disinvestment, which may fetch the exchequer over Rs 1,000 crore.

    06 Jan 2017, 5.50 pm  |  Source: PTI

  • Nitin Gadkari`s road construction targets ambitious: Experts

    Nitin Gadkari's road construction targets ambitious: Experts   

    The government’s targets for completion of road projects have come under a flak from road sector experts with Feedback Infrastructure Chairman Vinayak Chatterjee and MEP Infrastructure Managing Director Jayant Mhaiskar terming t...

    06 Jan 2017, 10.24 am  |  Source: CNBC-TV18

  • Demonetisation didn`t take a toll on IRB Infra: CMD

    Demonetisation didn't take a toll on IRB Infra: CMD  

    In an interview to Moneycontrol.com, Virendra Mhaiskar, chairman and managing director of IRB Infrastructure talks about the headway made by digital payments.

    05 Jan 2017, 2.10 pm  |  Source: Moneycontrol.com

  • Demonetisation: IRB toll revenues up 3% in December against October

    Demonetisation: IRB toll revenues up 3% in December against October  

    Daily toll collection across 14 of its operational road projects was at Rs 7.79 crore in December 2016 compared to Rs 7.53 crore in October 2016, an increase of 3 percent.

    05 Jan 2017, 11.03 am  |  Source: Moneycontrol.com

  • NBCC to issue one bonus share on every two

    NBCC to issue one bonus share on every two  

    State-owned construction firm NBCC today said it will issue one bonus share on every two held in the company this fiscal.

    04 Jan 2017, 6.58 pm  |  Source: PTI

  • See Rs 10k crore turnover from current projs in FY17: NBCC

    See Rs 10k crore turnover from current projs in FY17: NBCC   

    Anoop Kumar Mittal, Chariman and Managing Director Of NBCC says the demonetisation has not affected the company. Although, he adds that there was some inventory of constructed office complexes that have gone unsold.

    04 Jan 2017, 10.45 am  |  Source: CNBC-TV18

  • L&T Hydrocarbon-led consortium bags orders from Saudi Aramco

    L&T Hydrocarbon-led consortium bags orders from Saudi Aramco  

    Engineering major Larsen & Toubro (L&T) today said its wholly-owned subsidiary L&T Hydrocarbon Engineering-led consortium has bagged two orders from oil major Saudi Aramco.

    02 Jan 2017, 6.00 pm  |  Source: PTI

  • K Raheja Corp, GIC to buy Siemens` Worli property for Rs 610cr

    K Raheja Corp, GIC to buy Siemens' Worli property for Rs 610cr  

    In a major land deal, realty firm K Raheja Corp and Singapore's sovereign wealth fund GIC will jointly purchase a property located at Worli, Mumbai for Rs 610 crore from Siemens.

    30 Dec 2016, 9.50 pm  |  Source: PTI

  • L&T Construction bags orders worth Rs 3,039 cr

    L&T Construction bags orders worth Rs 3,039 cr  

    Larsen & Toubro (L&T) today said its construction arm has bagged orders worth Rs 3,039 crore across various business segments, including power transmission and distribution, and heavy civil infrastructure.

    26 Dec 2016, 5.24 pm  |  Source: PTI

  • Expect reasonable business growth from metro project:Cords Cable

    Expect reasonable business growth from metro project:Cords Cable   

    In an interview to CNBC-TV18, Naveen Sawhney, MD of Cords Cable spoke about the latest happenings in his company and sector.

    22 Dec 2016, 3.26 pm  |  Source: CNBC-TV18

  • Eyeing orders worth Rs 5000 crore next year: BEML

    Eyeing orders worth Rs 5000 crore next year: BEML   

    Speaking to CNBC-TV18 DK Hota, Chairman of BEML said that it has orders worth Rs 7300 crore order so far. Next year, they are aiming at orders worth Rs 5000 crore.

    22 Dec 2016, 11.29 am  |  Source: CNBC-TV18

  • Titagarh Wagons sees govt order of future infantry CVs in a week

    Titagarh Wagons sees govt order of future infantry CVs in a week   

    The defence ministry has announced to award contracts for the development of future infantry combat vehicles. The ordinance factory board will go up against 5 private players in the fight for a 60,000 crore rupee contract.

    20 Dec 2016, 9.53 am  |  Source: CNBC-TV18

  • GMR seeks Rs 8545 cr power project debt recast, Axis lead bank

    GMR seeks Rs 8545 cr power project debt recast, Axis lead bank  

    GMR Infrastructure Ltd has approached Axis Bank and 16 other lenders for strategic recast of the Rs 8545.85 crore debt of its special purpose vehicle operating the 1,370 MW thermal power plant at Raikheda in Chhattisgarh, an offic...

    19 Dec 2016, 5.18 pm  |  Source: Moneycontrol.com

  • BHEL aims to reduce dependence on power biz to 50% in 10yrs

    BHEL aims to reduce dependence on power biz to 50% in 10yrs  

    State-owned engineering major Bharat Heavy Electricals Limited today said it was aiming to reduce its dependence on thermal power business to 50 percent over the next 10 years from 80 percent now.

    16 Dec 2016, 6.52 pm  |  Source: PTI

  • BHEL bags Rs 200 cr railway order for traction converters

    BHEL bags Rs 200 cr railway order for traction converters  

    "Bharat Heavy Electricals Ltd (BHEL) has bagged a major order for supply of 118 sets of IGBT-based traction converters for 3 Phase 6,000 HP electric locomotives," the company said in a statement.

    16 Dec 2016, 1.40 pm  |  Source: PTI

  • Launch scheme to provide jobs through solar project: Parl panel

    Launch scheme to provide jobs through solar project: Parl panel  

    The panel chaired by Ramesh Pokhriyal 'Nishank' said,"By implementing the assurance, a new promising scheme with the above dual purpose will be launched which has the potential to be game changer in the country's energy scenario a...

    16 Dec 2016, 8.08 am  |  Source: PTI

  • Railway, navy & private sector orders boosted revenues: Titagarh

    Railway, navy & private sector orders boosted revenues: Titagarh   

    Commenting on the good performance, JP Chowdhary, Executive Chairman, Titagarh Wagons told CNBC-TV18, that revenues improved on account of orders from railways and private sector companies. The company’s received orders worth Rs...

    15 Dec 2016, 11.45 am  |  Source: CNBC-TV18

  • Expect authorities to reimburse O&M expenses: MEP Infra

    Expect authorities to reimburse O&M expenses: MEP Infra   

    In an interview to CNBC-TV18, Jayant Mhaiskar, VC & MD of MEP Infrastructure spoke about the results and his outlook for the company.

    13 Dec 2016, 3.35 pm  |  Source: CNBC-TV18

  • IRB Infra expects 16-18% returns from Rajasthan project: Chief

    IRB Infra expects 16-18% returns from Rajasthan project: Chief   

    IRB Infra is set to boost with an order win for 90 kms of 6-laning part of NH-79A and NH-79. This is the third order in couple of months and 30 km target has been completed, said VD Mhaiskar, company's CMD.

    12 Dec 2016, 9.54 am  |  Source: CNBC-TV18

  • Lanco posts Q2 net loss of Rs 258.31 cr

    Lanco posts Q2 net loss of Rs 258.31 cr  

    Lanco Infratech today reported a consolidated net loss of Rs 258.31 crore for the quarter ended September 30, 2016.

    09 Dec 2016, 9.34 pm  |  Source: PTI

  • GMR Infra Q2 net loss swells to Rs 700 crore

    GMR Infra Q2 net loss swells to Rs 700 crore  

    Its total income from operations rose to Rs 331.22 crore as against over Rs 292.6 crore a year ago, it said.

    08 Dec 2016, 11.56 am  |  Source: PTI

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