Page 9 - Infrastructure

Punjab & Sind Bank secures Rs 3,000 cr via 10 yr infra bond at 7.74%

IIFCL Rs 1,290 crore in two tranches with varying maturities

Silver lining: How senior living market is redefining retirement in India

The first of a four-part series on the silver economy focuses on luxury housing projects developed with seniors in mind

Punjab & Sind Bank raises Rs 3,000 cr through maiden infrastructure bonds

State-owned Punjab & Sind Bank on Wednesday raised Rs 3,000 crore from issuance of maiden infrastructure bonds aimed at expanding infra lending. The bank received total bids of Rs 6,031 crore against the base issue size of Rs 500 crore, Punjab & Sind Bank said in a regulatory filing. Further, it said, the bank has decided to accept bids of Rs 3,000 crore at coupon rate of 7.74 per cent per annum. In accordance with RBI guidelines, these papers with a tenure of 10 years would be listed on the National Stock Exchange (NSE) for trading. These unsecured, subordinated, redeemable, non-convertible, taxable, fully paid-up long term bonds in the nature of debentures have a face value Rs 1 lakh each, it said. Allotment of bonds to successful bidders would be done on Friday, it added. Domestic investors have shown a lot of interest in such bond issuance by banks, and many lenders have exercised this option for raising resources in the recent past. The advantage of infrastructure bonds ..

Bihar sees 15-fold jump in data consumption, state goes big on infra

Bihar has seen a 15-fold jump in data consumption in the last five years as the state goes big on developing infrastructure, investing in connectivity and building rail and road networks, its Chief Secretary Amrit Lal Meena said. Bihar has witnessed unprecedented growth in infrastructure development with its road density being the third largest in India that facilitates trade and transport. Its electricity generation has expanded from 700 MW to 7,000 MW while the state has built IT parks and data centres are in the offing. Infrastructure is the focus, Meena, the top-most bureaucrat in the Bihar government, said adding massive investments have gone into building infrastructure in the last two decades. "If I talk of the road sector, we have a network of 1.2 lakh kilometres of rural roads. It has been built completely during the last 20 years. We have a very strong network of national highways, state highways and major district roads. And I am happy to share with you that during the .

Housing in tier-II cities: Assess job prospects, infra before investing

Tier 2 cities are emerging as attractive real estate destinations due to expanding employment opportunities

As of Nov 1, 438 projects report cost overrun of Rs 5.18 trillion: Govt

As many as 438 infrastructure projects with a total cost of Rs 150 crore or above have shown a 62 per cent cost overrun amounting to Rs 5.18 lakh crore, Parliament was informed on Monday. According to a written reply to the Rajya Sabha by Minister of State for Statistics & Programme Implementation Rao Inderjit Singh, the original total cost of these 438 projects increased to Rs 13.56 lakh crore from Rs 8.38 lakh crore. As on November 1, 2024, a total of 438 of 1,747 projects on the monitor of the ministry reported cost overrun of Rs 5.18 lakh crore, registering an increase of 61.82 per cent, according to the data shared by the minister showed. As reported by the project implementing agencies, the main reasons for the increase in cost of the projects are under-estimation of original cost, changes in rates of foreign exchange and statutory duties, spiralling land acquisition costs and shortage of skilled manpower/labour, the Minister said. Other reasons affecting the original cost ..

Centre must remove unnecessary obstacles for steel import clearances

The government has also introduced registration requirements such as steel import monitoring system (SIMS), paper import monitoring system (PIMS)

Capex to be decided according to country's need, says MoS Finance

Chaudhary noted that there is a special focus from the Prime Minister, and all ministries have been directed to reach their capex targets by March

India needs $2.2 trn investment to be $7 trn economy by 2030: Knight Frank

India will require an investment of USD 2.2 trillion for infrastructure development to become USD 7 trillion economy by 2030, Knight Frank India said on Thursday, while stressing on the need of radical measures to encourage private participation in this area. Real estate consultant Knight Frank India released a report, 'India Infrastructure: Reviving Private Investments', which mentioned that "an estimated investment of USD 2.2 trillion into infrastructure development is imperative to support India's GDP size to expand to USD 7 trillion by 2030." To achieve an economic size of USD 7 trillion by 2030, India's economy is required to grow at a CAGR of 10.1 per cent between 2024-2030, it added. Knight Frank India CMD Shishir Baijal said, "Strong impetus on infrastructural development and increased budgetary allocation by government has led to India's ranking in the Logistics Performance Index (LPI) improve from 54 in 2014 to 38 in 2023." In the last few years, he said, there has been .

Building materials hit a wall in Q2, recovery to lay bricks in FY26

Demand and margins set for slow rebuild, helping valuations cement stronger base

Punjab & Sind Bank eyeing Rs 3,000 crore through infrastructure bonds

The bonds, rated 'AA' by domestic rating agencies CRISIL and IndiaRatings, have a base size of Rs 500 crore and a green-shoe option of Rs 2,500 crore

Kerala, Adani Ports sign agreement for development of Vizhinjam Seaport

As per the agreement signed on Thursday, the project, envisioned as a transformative step in Kerala's maritime infrastructure, will see its second and third phases nearing completion by 2028

'Govt collected Rs 1.44 trn toll at highway plazas under PPP since 2000'

The government has collected Rs 1.44 lakh crore as toll tax at fee plazas presently operational under Public Private Partnerships (PPP) model on National Highways since December 2000, Parliament was informed on Thursday. In a written reply to a question in the Lok Sabha, road transport and highways minister Nitin Gadkari said all user fee plazas on National Highways are established as per the provision of National Highways Fee (Determination of Rates and Collection) Rules, 2008 and the respective Concession Agreement. "Amount of 1.44 lakh crore rupees have been collected as user fee at fee plazas presently operational under Public Private Partnerships (PPP) model on National Highways since December, 2000," he said. Replying to a separate question, Gadkari said the government has initiated the implementation of barrier-free tolling using available technology based electronic toll collection (ETC) system as an added facility along with FASTag. The minister said presently, Global ...

Govt to revamp infrastructure lender IFCI by shutting its lending ops

The government plans to infuse Rs 500 crore into IFCI this year

Banks eye Rs 1 trillion through infrastructure bond issuances in FY25

So far, lenders have raised Rs 74,256 cr

Adani Infra to pick 30% stake in PSP Projects, make an open offer

Post the transaction and open offer, Adani Infra to acquire joint control over PSP Projects along with the existing promoter group

Adani Infra to acquire 30% stake in PSP Projects for Rs 685 crore

Adani Infra, owned by a unit of Indian billionaire Gautam Adani's flagship Adani Enterprises, will purchase the shares from Prahladbhai S Patel, who leads PSP Projects and is its top shareholder

With huge infra, India becomes biggest lab in digital world: NITI Aayog CEO

Backed by huge digital infrastructure, India has become the biggest laboratory in the digital world where one can experiment at a scale, NITI Aayog CEO BVR Subrahmanyam said on Friday. In his keynote address at Indian School of Business (ISB) here, he said the country is expected to become a USD 30 trillion economy by 2047 surpassing the present size of US and Chinese economies. According to him, though one university and two colleges were opened every week in the past ten years, only 29 per cent of the age cohort enroll in the varsities. India has become the biggest laboratory in the digital world. A laboratory where you can experiment at a scale, which is impossible and inconceivable anywhere else, probably except the United States. Maybe we even leapfrog them for a variety of reasons, he said. Subrahmanyam said India has created a huge architecture called digital public infrastructure by going the public route rather than the private. The official further said, Estonia was the

Black Box eyes $2 billion revenue in 4 years on rising AI, data demand

Black Box has increased its focus on modular data centres and prefabricated solutions, which are designed to accelerate project timelines and cater to hyperscale needs

Generative AI to add $359 bn-$438 bn to India's GDP by FY30: RBI DG Patra

Private sector banks are leading technology adoption, said Michael Debabrata Patra, deputy governor, Reserve Bank of India