Infrastructure Industry News, India Infrastructure News

PNC Infratech to raise Rs 175 cr through IPO, seeks SEBI nod

Construction firm PNC Infratech is expecting to raise Rs 175 crore through the company's proposed initial public offer (IPO) and has approached market regulator SEBI for approval of public issue.

National Gas Highways Development Authority on the anvil

Govt proposes to develop an institutional mechanism for development of Gas Highways.

Six infra industries expand by 3.5%

India's key infrastructure industries rose by 3.5 per cent in October.

Infra investment target in 11th plan may not be achieved

The Government may not achieve the Eleventh Five-Year Plan's investment target of USD 500 billion in infrastructure.

No decision yet on proposed port at Barunai mouth in Orissa

The Orissa government is yet to decide on awarding the port development project at Barunai in coastal Kendrapara district for which five firms, including the world’s largest steel maker ArcelorMittal, have submitted bids.

Private participation needed in metro rail projects: MMRDA

Public Private Partnership in metro rail projects not only bring in the requisite funds but will also provide expertise, efficiency and advanced technological inputs, a Government official said.

Infrastructure financing a big challenge for banks: Subbarao

The Reserve Bank asked banks to take due care while lending to infrastructure sector, as any asset-liability mismatch may lead to defaults.

Govt admits to delays in 145 highway projects

Government said that as many as 145 projects under the NHDP are running behind schedule.

India may get $3 bn WB loan for roads development

India may get $3 bn loan from the World Bank for development of roads in the country.

ArcelorMittal to set up Rs 30k cr plant in K’taka

ArcelorMittal said it has approached the Karnataka govt for setting up a steel plant in the state.

More flyovers not helping public transport users: Reddy

Urban Development Minister Jaipal Reddy said that the focus should be on expanding the new-age public transport systems like Metro and BRT.

Strike halts Haldia Petrochem project

The work at the Rs 1,200-crore supermax project at Haldia Petrochemicals (HPL) came to a halt following an indefinite strike by the temporary workers.

Tata Steel completes $546-mn exchange offer for CARS

Tata Steel has sold USD 546.9 million (around Rs 2,550 crore) of new 2014 convertible bonds to cut its funding cost for overseas acquisition.

NMDC, SAIL signs MoU to develop limestone unit

NMDC and SAIL are joining hands to develop a limestone project in Himachal Pradesh.

Per capita development expenditure lowest in Bihar

Per capita development expenditure of Bihar was the lowest among all states.

ADB to provide up to $700 mn loan for infra projects

Asian Development Bank said it will provide up to USD 700 million (around Rs 3,360 crore) loan to India for accelerating infrastructure projects.

HSL to build large shipyard in AP or Orissa

State-owned, Hindustan Shipyard plans to build a large shipyard to accommodate very large crude carrier ships with an estimated project cost of Rs 3,000-4,000 crore, a top official said.

Govt approves Rs 10k cr highways projects

Govt approved 8 projects, envisaging an expenditure of 10883 crore, in highways sector.

DMRC hikes metro fare

Commuters in Delhi will now have to shell out more for travelling on Metro rail as the DMRC hiked fare by36 pct.

L&T bags MPPGCL order worth Rs 1,635 cr

Larsen & Toubro (L&T) said it has bagged an order worth Rs 1,635 crore from MP.

Maytas Infra bags project worth Rs 790 cr

Maytas Infra said it has bagged an order worth Rs 790 crore from ITNL.

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