Ipp

Why are power producers looking beyond turnkey contracts for new projects

As power projects have become more and more intricate along with their ever-increasing cost overruns, both IPPs and contractors have become increasingly cautious about committing to lumpsum turnkey EPC contracts. IPPs are now exploring alternative strategies to retain contractor involvement while ensuring the economic viability of their most substantial projects

Intense competition to limit growth potential of solar IPPs

Solar power projects under different state policies have been competitively bid and awarded at a tariff of about Rs. 6.5 per unit. This levelised tariff is significantly lower than Rs. 9.4 per unit, a level we believe is required to achieve reasonable equity internal rate of return (IRR) of, say, 16 per cent: CRISIL.

Gas price hike to impact fertiliser cos: India Ratings

India Ratings & Research (Ind-Ra) expects the operating profitability of urea manufacturers to decline significantly post the recent revision in gas prices to USD8.4/mmbtu from USD4.2/mmbtu, primarily due to lower operating profits from sales above the cut-off quantity.

Can meet Sebi norm in 3-6 months, prefer OFS: Omaxe

Mohit Goel of Omaxe told CNBC-TV18 that the company shall go for an OFS or IPP to dilute its stake for meeting SEBI's norms on public shareholding. The company had failed to do it meet the June 3 deadline.

Puravankara's IPP oversubscribed 1.5 times

Realty firm Puravankara Projects' offer to sell 2.37 crore shares to institutional investors was today oversubscribed 1.5 times, helping the company raise around Rs 201 crore.

Puravankara Projects IPP issue opens, shares down 6.5%

Institutional placement programme (IPP) issue of Bangalore-based real estate company Puravankara Projects has opened for subscription today and will close tomorrow.

DLF gains over 2% on IPP response

DLF was quoting at Rs 235.75, up Rs 5.45, or 2.37 percent at 11:03 am. It has touched an intraday high of Rs 236.15 and an intraday low of Rs 232.60. The stock gained over 2 percent after a strong response to its Institutional Placement Programme yesterday.

DLF's IPP subscribed twice asking amount

The response to DLF‘s Institutional Placement Programme (IPP), has been understood to be twice the asking amount already. DLF shares have been bought by mostly foreign institutional investors (FII). This institutional placement programme is to pare DLF‘s debt to meet Sebi guidelines of having a 25 percent minimum float by the month of June.

Mahindra Holidays IPP price band fixed at Rs 255-265

Mahindra Holidays & Resorts India Institutional Placement Programme (IPP)of equity shares would open for subscription on April 09, 2013 and close on April 09, 2013.

Puravankara Proj to raise Rs 450 cr via IPP, shares up 3.5%

The Bangalore-based real estate firm Puravankara Projects (PPL) jumped as much as 3.5 percent intraday on Wednesday as the company plans to raise around Rs 450-500 crore through the institutional placement programme or IPP.

RCF to invest Rs 4,112 crore to expand urea capacity

Public sector fertiliser major Rashtriya Chemicals & Fertilisers Ltd (RCF) today said it has embarked on a major expansion at its Thal unit at a cost of Rs 4,112.5 crore.

NTPC, Oil India issues may do well: Kotak Invst Banking

V Jayasankar of Kotak Investment Banking says he expects NTPC and Oil India issues to be successful.

Fortis Healthcare considers IPP for stake sale: Source

Fortis Healthcare is mulling an Institutional Placement Program for sale of 8% of its stake and the company may use funds to retire debt, reports Aakansha Sethi of CNBC-TV18.

Sebi amends rules to allow fresh promoter stake sale routes

Market regulator Sebi today amended its rules to allow promoters to use rights and bonus issue of shares for dilution of their stake to meet minimum public holding norms, and said it would consider any further relaxation in this matter on case by case basis.

Sebi allows firms to tap bonus, rights routes

Providing more routes to firms finding it tough to attain minimum 25 per cent public holding, Sebi today allowed them to dilute shares through two more avenues, bonus shares and rights issue, and hinted that further leeway could be provided on a case-to-case basis.

Godrej Ind's Rs 400 cr IPP issue gets 1.67 times demand

Godrej Industries today successfully completed its Rs 400-crore rights issue through the institutional placement programme (IPP) of 15.67 million shares, which got over-subscribed 1.67 times.