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  • Crisil launches new credit rating system for infra projects Jan 12, 2017 05:32 PM IST

    Crisil launches new credit rating system for infra projects

    Rating agency Crisil today announced the launch of a new credit rating framework for infrastructure projects that would facilitate greater participation from long-term investors and lenders.

  • 84 infra projects report cost overrun of Rs 1.14 lakh crore Dec 14, 2016 03:48 PM IST

    84 infra projects report cost overrun of Rs 1.14 lakh crore

    The Ministry of Statistics and Programme Implementation monitors ongoing central infrastructure projects costing Rs 150 crore and above on time and cost overruns through its online computerisation monitoring system (OCMS) on the basis of information provided by project implementation agencies.

  • Qatar to spend $13 bn on 'mega projects' in 2017 Dec 06, 2016 02:26 PM IST

    Qatar to spend $13 bn on 'mega projects' in 2017

    Ali Shareef al-Emadi predicted growth of 3.4 per cent in 2017, in line with an International Monetary Fund estimate and up from a projected 3.2 per cent this year.

  • 273 infra projects cause cost overrun of Rs 1.77 lakh cr Nov 27, 2016 11:34 AM IST

    273 infra projects cause cost overrun of Rs 1.77 lakh cr

    In August 2016, the Ministry of Statistics and Programme Implementation monitored 1,167 infrastructure projects, each worth Rs 150 crore or more across sectors such as power, railways and roads.

  • India, Sri Lanka need to implement development projects: Prez Nov 08, 2016 08:22 AM IST

    India, Sri Lanka need to implement development projects: Prez

    According to a Rashtrapati Bhawan spokesman, the President said Indian private sector companies were keen to be partners in Sri Lanka's infrastructure projects.

  • NDB to more than double its lending to $2.5 bn next yr:KV Kamath Oct 17, 2016 08:58 AM IST

    NDB to more than double its lending to $2.5 bn next yr:KV Kamath

    Keeping the commitments and the actual lending in mind, NDB has drawn up a plan to raise USD 1.5 billion from multiple sources next year, said the noted banker, who built ICICI Bank into the second largest lender in the country in a span of a decade.

  • YES Bank raises Rs 2,135 cr via long-term infra bonds Oct 04, 2016 06:54 PM IST

    YES Bank raises Rs 2,135 cr via long-term infra bonds

    The bond is carrying coupon rate of 8 percent per annum with a tenor of 10 years. The issue was closed on September 30.

  • Railway Ministry working on $5 bn fund to finance projects Sep 03, 2016 05:52 PM IST

    Railway Ministry working on $5 bn fund to finance projects

    Once the proposal for floating Railways of India Development Fund (RIDF) is finalised, it will be placed before the Cabinet for its nod, Railway Minister Suresh Prabhu today said.

  • This year has been strong for ferrous market: Platts' Jeffries Aug 18, 2016 05:37 PM IST

    This year has been strong for ferrous market: Platts' Jeffries

    So far this year, has been a strong year for the ferrous market, says Annalisa Jeffries, Associate Editorial Director, Metals Asia, Singapore, Platts,

  • 241 infra projects report cost overrun of Rs 1.5 lakh cr Jul 15, 2016 09:32 AM IST

    241 infra projects report cost overrun of Rs 1.5 lakh cr

    The Statistics Ministry monitored 1,076 infrastructure projects, each worth Rs 150 crore or more across sectors such as power, railways and roads in March, 2016.

  • NCRPB approves 3 RRTS corridors, metro projects loan repayment Jun 15, 2016 08:30 PM IST

    NCRPB approves 3 RRTS corridors, metro projects loan repayment

    The National Capital Region Planning Board (NCPRB) on June 15 decided to increase loan repayment tenure from 10 to 20 years for metro and rail-based projects, reduced interest rates for infrastructure projects by 0.5 percent and gave nod for implementation of three RRTS Corridors - Delhi-Alwar, Delhi-Panipat and Delhi-Meerut

  • GDP to grow faster in Q1 on govt spending in infra: Industry Jun 02, 2016 05:22 PM IST

    GDP to grow faster in Q1 on govt spending in infra: Industry

    Additional capital expenditure by the government in infrastructure projects will help the economy grow faster in the first quarter of current fiscal, industry said on June 2

  • Rs 11.4 lakh-cr worth projects stalled till March: ICRA Apr 20, 2016 07:00 PM IST

    Rs 11.4 lakh-cr worth projects stalled till March: ICRA

    According to the rating agency, though the number of stalled projects started declining since FY14, it took pace from the second half of 2015-16. Majority of the projects, which were stalled were from the private sector including from the sectors like steel, cement, aluminium, among others.

  • UK's public sector urged to buy locally to end steel crisis Apr 03, 2016 04:12 PM IST

    UK's public sector urged to buy locally to end steel crisis

    Under the new decision, public sector bodies are to be encouraged to buy British steel for construction projects in an effort to help save the industry. The government said councils and NHS trusts will be asked to consider the economic impact of buying from abroad.

  • Cost overrun of 77 infra projects at Rs 1.29 lakh cr: Govt Feb 24, 2016 05:48 PM IST

    Cost overrun of 77 infra projects at Rs 1.29 lakh cr: Govt

    The original cost of these projects was Rs 1.52 lakh crore which escalated to 2.82 lakh crore due to delay in implementation.

  • ICICI Bank plans to raise up to Rs 50,000-cr from bonds Feb 15, 2016 09:20 PM IST

    ICICI Bank plans to raise up to Rs 50,000-cr from bonds

    The bank intends to seek Committee of Executive Directors' (COED) approval to raise funds through issuance of long term bonds in the nature of debenture for lending to long term projects in infrastructure and affordable housing on a private placement basis, ICICI Bank said in a regulatory filing.

  • See uptick in infra spending in the coming year: HCC Jan 22, 2016 05:21 PM IST

    See uptick in infra spending in the coming year: HCC

    Ajit Gulabchand, Chairman and Managing Director, HCC expects a pickup in infrastructure spending in the coming year.

  • Essel Infraprojects to develop Rs 4,000 crore projects in WB Jan 09, 2016 01:53 PM IST

    Essel Infraprojects to develop Rs 4,000 crore projects in WB

    "EIL will be developing roads projects admeasuring 300 kms connecting various cities across West Bengal. Apart from this MoU, the company also agreed to explore the possibilities of investment in Tourism and Intelligent Power City sectors after pre-feasibility study," EIL said in a statement.

  • S&P maintains 'BBB-' rating on IIFCL Dec 09, 2015 07:04 PM IST

    S&P maintains 'BBB-' rating on IIFCL

    Global rating agency Standard & Poor's (S&P) today affirmed 'BBB-' long-term issuer credit rating on India Infrastructure Finance Co Ltd (IIFCL).

  • HDFC to raise $750 mn via Masala bonds Nov 13, 2015 08:38 AM IST

    HDFC to raise $750 mn via Masala bonds

    HDFC has chosen London Stock Exchange for raising this fund. The announcement coincides with Prime Minister Narendra Modi's visit to the UK.

  • PM lays foundation stone of JNPT's 4th terminal Oct 11, 2015 08:51 PM IST

    PM lays foundation stone of JNPT's 4th terminal

    Prime Minister Narendra Modi today laid the foundation stone of an ambitious project which will more than double the capacity of the country's largest container port JNPT in next two years.

  • PFS launches lending scheme for infra projects Oct 07, 2015 09:38 AM IST

    PFS launches lending scheme for infra projects

    As part of the scheme, PFS will offer credit guarantee after detailed appraisal to eligible projects along with other financial institutions for providing partial guarantees for projects and the same shall be backed by adequate security, it added.

  • TN govt to woo global investors & voters via infra boost Sep 22, 2015 10:01 PM IST

    TN govt to woo global investors & voters via infra boost

    Tamil Nadu's highly successful Global Investors Meet has set the stage for the state government to reinforce its pre-election spiel. The government has drawn up an ambitious list of infrastructure projects it wants to begin work on before the elections around next year.

  • Govt entity may revive sick units using CPSEs' extra cash Jul 26, 2015 12:21 PM IST

    Govt entity may revive sick units using CPSEs' extra cash

    The entity may be a joint venture firm funded by seed equity from Maharatna and other cash-rich central public sector enterprises (CPSEs) to administer and manage sick state-run enterprises that can be revived.

  • Land Bill delay hurts almost 40% of govt's infra projs Jul 14, 2015 07:15 AM IST

    Land Bill delay hurts almost 40% of govt's infra projs

    According to a report, 40 percent of central government's infrastructure projects are facing delays. Out of 758 projects at least 323 projects are running behind schedule.

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