Infra Firms

Infra firms rely on banks as bond market shuns low-rated debt: PFRDA chief

PFRDA Chairman Sivasubramanian Ramann says infra firms depend on banks as bond markets avoid long-tenor, lower-rated debt, urging innovative frameworks and stronger ESG focus

PPP must drive India's infrastructure funding: Experts at BS Infra Summit

Experts at the Business Standard Infra Summit said India must rely more on public-private partnerships (PPP) to fund new projects, as government resources alone cannot meet growing needs

After constraints get addressed, IIFCL book can grow to ₹4 trn by FY28: MD

P R Jaishankar talks about the road ahead for India Infrastructure Finance Company

Phoenix Mills Q4 results: Profit falls 18% to ₹269 crore on lower income

The Phoenix Mills Ltd, which is mainly into development of retail real estate, posted an 18 per cent decline in consolidate net profit to Rs 268.82 crore during the March quarter on lower income. It had posted a net profit of Rs 326.73 crore in the year-ago period. Total income also declined to Rs 1,061.48 crore during the fourth quarter of the previous fiscal year from Rs 1,343.14 crore in the corresponding period of the preceding year, according to a regulatory filing on April 30. During the full 2024-25 fiscal year, net profit fell to Rs 984.22 crore from Rs 1,099.20 crore in the preceding financial year. Total income declined to Rs 3,964.47 crore from Rs 4,109.86 crore a year ago. Phoenix Mills Ltd is one of the leading developers of shopping malls. It has also developed office spaces and hotels.

EQT closes $23.16 billion infra fund at hard cap amid investor demand

The fund has already committed nearly half of its capital across 12 investments, spanning sectors such as digital infrastructure, energy transition, and resource efficiency

Capital Infra Trust InvIT makes flat market debut; ends almost unchanged

The units of Capital Infra Trust, an infrastructure investment trust (InvIT), made a flat market debut on Friday, listing at par with the issue price of Rs 99. On the BSE and NSE, the units got listed at Rs 99. The units ended at Rs 99.01, a marginal gain of 0.01 per cent on the BSE. Intra-day, it hit a high of Rs 99.49 and a low of Rs 98.57. On the NSE, the company's units ended at Rs 99.02. The company's market valuation stood at Rs 2,726.74 crore. The Initial Public Offer (IPO) of Capital Infra Trust received 2.80 times subscription on the final day of bidding on January 9. The issue had a price band of Rs 99-100 per unit. The company's IPO had a combination of a fresh issue of units aggregating up to Rs 1,077 crore and an Offer For Sale (OFS) of units valued up to Rs 501 crore by the sponsor selling unitholder Gawar Construction Ltd. The public issue of Capital Infra Trust (formerly National Infrastructure Trust) became the first InvIT IPO of 2025. According to its prospec

Digital infra investment, policies help exports touch historic high in Oct

Continuous investment in digital infrastructure, including data centres and high-speed internet, along with policy support, has propelled India's services exports to a "historic" milestone of USD 34.31 billion in October, a commerce ministry official said. The official said India has established itself as a global leader in digitally delivered services exports, leveraging its robust IT sector and skilled workforce. Services traded through computer networks, such as the internet, apps, emails, and digital intermediation platforms, have grown exponentially. "India's services sector reached a historic milestone in October 2024, recording an all-time high in monthly exports of USD 34.31 billion, a 22.3 per cent increase compared to October 2023," the official added. The key enabling factors that are helping the sector's growth included continuous investment in digital infrastructure, such as data centres and high-speed internet connectivity; initiatives like Digital India that have ...

DSP MF cautions investors against lumpsum investment in infra fund

Says the valuations can lead to volatility, despite robust long-term outlook

IIFCL targeting for zero net NPAs for FY25, says MD PR Jaishankar

The state owned company has sent its comments to RBI on draft infra financing rules

Budget: India Inc results may mirror govt expenditure in upcoming qtrs

In comparison, Larsen & Toubro, Maruti Suzuki, and Bajaj Auto have seen strong double-digit growth in net sales and net profit. fuelling a rally in their share prices

Sebi mulling exemptions in AIF norms, may allow pledging of infra assets

Sebi has been consulting with the Reserve Bank of India (RBI) too, he added, to discuss the potential 'financial stability ramifications'

ICRA upgrades outlook on infra finance firms to 'positive' from 'stable'

Rating agency cites sector's improved solvency profile, loan book growth and earnings

ICICI Bank raises Rs 5,000 cr via infrastructure bonds for funding projects

The base issue size for ICICI Bank's infra bonds was Rs 1,000 crore with green shoe option of Rs 4,000 crore

Infrastructure firms can resist further rupee depreciation: Moody's

Generally, corporate infrastructure issuers have features that shield them to currency weakness

BoB mulls issuing long term bonds to fund infra, affordable housing sectors

Bank of Baroda is mulling to raise capital by issuing long term bonds to finance infrastructure and affordable housing sectors in the country. A meeting of the investment committee will be convened later this month to get an approval, Bank of Baroda said in a regulatory filing on Thursday. "The Investment Committee meeting of our bank is scheduled to be held on 16th July 2022 to finalise the quantum and timing of issuance of long term bonds for financing of infrastructure and affordable housing, out of the board approved limit of Rs 5,000 crore," it said. Stock of Bank of Baroda closed 5.63 per cent higher at Rs 105.05 apiece on BSE.

Infra firms face uncertainty in Andhra as Jagan cancels several projects

Industry experts do not expect much trouble in projects where work hasn't started

Infra firms line up for InvIT offer after IRB success

R-Infra, Sterlite Power among those planning to launch their InvITs in coming months