Sunday , 20 January 2019
Breaking News

Tag Archives: Crore

Ratnamani Metals bags order worth Rs 200 crore

Ratnamani Metals & Tubes has received new domestic order aggregating to approximately Rs 200 crore for supply of Coated CS pipes for Oil & Gas sector to be completed by October, 2019. Ratnamani Metals & Tubes is a multi-location, multi-product company, in India, manufacturing Tubes & Pipes in Stainless Steel/Exotic material and alsoCarbon Steel Pipes, in wide size ranges, for ... Read More »

Cabinet approves capital infusion of 6,000 crore rupees in EXIM bank

The Cabinet Committee on Economic Affairs headed by Prime Minister Narendra Modi approved the trebling of the capacity of the Numligarh Oil Refinery in Assam. The refinery’s capacity will be hiked from 3 million metric tonnes per year to 9 with a cost of 22,594 crore rupees. The capacity expansion will generate jobs apart from bridging petroleum products deficit in ... Read More »

Den Networks reports consolidated net loss of Rs 31.21 crore in Q3

Den Networks has reported results for third quarter ended December 31, 2018. The company has reported a net loss of Rs 21.52 crore for the quarter under review as against net profit Rs 0.24 crore for the same quarter in the previous year. Total income of the company decreased by 4.80% at Rs 265.34 crore for Q3FY19 as compared Rs ... Read More »

Texmaco Rail bags order worth Rs 110 crore

Texmaco Rail & Engineering has received an award of order valuing approximately Rs 110 crore for design, manufacture, supply, installation, testing and commissioning of Automatic Fare Collection System (AFC) from Mumbai Metro Rail Corporation. Further, the company has received LOI for 12 rakes of BLC type wagons valuing Rs 152 crore. Texmaco Rail & Engineering is one of India’s leading ... Read More »

At Rs 4,200 crore, this year’s Kumbh Mela costliest ever

Lucknow: The Uttar Pradesh government has allocated Rs 4,200 crore for the Kumbh Mela being held in the ‘sangam’ city of Allahabad, which is over thrice the budget of the Maha Kumbh in 2013, making the mega pilgrimage perhaps the costliest ever. “The UP government has allocated Rs 4,200 crore for 2019 Kumbh Mela. The previous state government had spent ... Read More »

NTPC to raise Rs 4,000 crore via debentures

NTPC is going to raise Rs 4,000 crore through private placement of secured non-convertible bonds in the nature of debentures at a coupon of 8.30% pa with a door to door maturity of 10 years on January 15, 2019. The proceeds will be utilized to finance capital expenditure / refinancing the debt requirement in on-going projects and other general corporate ... Read More »

Zydus Wellness gets approval to raise Rs 1,500 crore via NCDs

Zydus Wellness has received approval to raise funds of aggregate nominal value up to Rs 1,500 crore through issuance of rated, secured, listed, redeemable, Non-Convertible Debentures (NCDs) each having a face value of Rs 10 lakh on private placement basis. The Board of Directors of the Company at its meeting held on January 11, 2019 has approved the same. Zydus ... Read More »

Arvind SmartSpaces planning to invest Rs 250 crore in 2019

Arvind SmartSpaces is planning to invest Rs 250 crore this year for acquiring and developing new projects across the country. The company is also exploring and evaluating other markets such as Hyderabad for potential opportunities. The company is launching residential project in Pune next month and the company’s first commercial project is in Bengaluru in the next quarter. Arvind SmartSpaces ... Read More »

Bank of Baroda raises funds worth Rs 285 crore via bonds

Bank of Baroda has raised funds worth Rs 285 crore through bonds on private placement basis. The company has issued 8.60% BASEL III Compliant Tier II Bonds – Series XX of Face Value of Rs 10 lakh each (Unsecured, Redeemable). Bank of Baroda is engaged in providing various services, such as personal banking, corporate banking, international banking, small and medium ... Read More »

HFCL bags orders for Rs 502.73 crore for supply of optical fibre cables

Himachal Futuristic Communications (HFCL) has received the Purchase Orders (POs) worth Rs 502.73 crore approximately from Larsen & Toubro and a Consortium led by ITI for creating OFC Network Infrastructure under BharatNet Phase-II Project in Andhra Pradesh and Maharashtra respectively. The orders are for supply of optical fibre cables as per customer specifications. HFCL is one of India’s largest telecom ... Read More »

Indian Hume Pipe gets LoA worth Rs 198.77 crore from APDWSC

Indian Hume Pipe Company has received Letter of Acceptance (LoA) for the work of Rs 198.77 crore (excluding GST) from Andhra Pradesh Drinking Water Supply Corporation (APDWSC) for the work of Construction of Drinking Water Supply Projects in Vizianagaram District, Andhra Pradesh. The project is to be completed within 24 months. Indian Hume Pipe Company is engaged in the construction ... Read More »

Goa Carbon reports Rs 4.91 crore net loss in Q3

Goa Carbon has reported results for third quarter ended December 31, 2018. The company has reported net loss of Rs 4.91 crore for the quarter under review against net profit of Rs 22.50 crore for the same quarter in the previous year. Total income of the company also decreased by 49.75% at Rs 95.99 crore for Q3FY19 as compared Rs ... Read More »

HUDCO achieves level of loan sanctions of Rs 12,115.68 crore

Housing and Urban Development Corporation (HUDCO) has achieved the level of Loan Sanctions of Rs 12,115.68 crore and Loan Releases of Rs 12,850.29 crore (Release against current year sanction is Rs 5107.33 crore and release against previous year sanction is Rs 7742.96 crore), as on December 31, 2018, for the financial year 2018-19. HUDCO finances social housing and residential real ... Read More »

Bajaj Finance raises Rs 1,495 crore via NCDs

Bajaj Finance has raised Rs 1,495 crore through allotment of 14950 Secured Redeemable Non-Convertible Debentures (NCDs) of face value of Rs 10 lakh each. The Debenture Allotment Committee of the company at its meeting held on January 09, 2019 allotted the same. The tenor of the instrument is 2556 days. Bajaj Finance, the lending and investment arm of Bajaj Finserv ... Read More »

Coal India’s arm incurs losses of Rs 60 crore due to strike

Coal India’s subsidiary — Mahanadi Coalfields (MCL) incurred losses of Rs 60 crore on the first day of the two-day strike. Coal production of MCL, which is currently going at an average of 4.65 lakh tonne a day, is likely to plunge further from its negative growth of 0.87 per cent to around 1.31 per cent during current fiscal due ... Read More »

Tera Software bags order worth Rs 324.89 crore from APSFL

Tera Software has bagged a work order worth of Rs 324.89 crore from Andhra Pradesh State FiberNet (APSFL) and the company has signed an agreement with APSFL to act as Project Implementation Agency for BharatNet Phase-II works to establish Optical Fibre Grid Network (Supply, installation and Commissioning) in 3394 Gram Panchayats in the state of Andhra Pradesh to be commissioned ... Read More »

Poddar Housing gets nod to raise Rs 50 crore via NCDs

Poddar Housing and Development has received approval to raise funds aggregating up to Rs 50 crore through issuance of the 50,000 secured, Unrated, redeemable, unlisted, Non-Convertible Debentures (NCDs) of a face value of Rs 10,000 each on private placement basis. The Board of Directors of the Company at its meeting held on January 08, 2019 approved the Private Placement Offer ... Read More »

Finance ministry approves NMDC’s Rs 1,000 crore share buyback plan

NMDC has received an approval from the finance ministry for the share buyback plan worth Rs 1,000 crore. The timeline for the launch of the offer will be decided by NMDC’s board. NMDC is a state-controlled mineral producer of the Government of India. It is fully owned by the Government of India and is under administrative control of the Ministry ... Read More »

Bharat Dynamics inks contract worth Rs 760 crore with Indian Army

Bharat Dynamics (BDL) has signed contract worth of Rs 760 crore approximately with the Indian Army for production and supply of Anti-Tank Guided Missiles (ATGM) and Launchers. The Missiles and Launchers will be manufactured under continued technical collaboration with Russia at the Bhanur Unit of BDL in Telangana State. Bharat Dynamics is engaged in manufacturing of Surface to Air missiles ... Read More »

Atul invests Rs 10 crore by acquiring stake in Atul Bioscience

Atul has invested Rs 10 crore by acquiring 45,45,455 additional equity shares of Atul Bioscience (ABL), a wholly-owned subsidiary of the company. The object of investment in ABL is to meet funding requirements for its various capital expenditure programs. Atul operates through six business divisions, namely, Agrochemicals, Aromatics, Bulk Chemicals & Intermediates, Colors, Pharmaceuticals & Intermediates and Polymers. Read More »

Hind Rectifiers bags orders worth Rs 88.05 crore

Hind Rectifiers has bagged orders of Rs 88.05 crore in December 2018. This includes substantial orders from Diesel Locomotive Works worth 61 crore. With these order wins, the company has a strong all time high pending order book of Rs 292.92 crore. Hind Rectifiers is engaged in developing, designing, manufacturing and marketing Power Semiconductors, Power Electronic Equipments and Railway Transportation ... Read More »

RCom deposits partial payment of Rs 131 crore to Ericsson

Reliance Communications (RCOM) has been given 4 weeks’ time by the Supreme Court to file its response to the contempt petition filed by Ericsson. Thereafter, Ericsson has been given one week’s time to file its rejoinder. The matter will be taken up for hearing thereafter. RCOM has deposited a partial payment of Rs 131 crore to Ericsson from the operational ... Read More »

RBI allows one-time restructuring of MSME loans of up to Rs 25 crore

Big boost for Micro, Small and Medium Enterprises as Reserve Bank of India allows restructuring of loans up to 25 crore rupees; RBI Governor Shaktikanta Das says, top bank will infuse need-based liquidity in the banking system; Says, the status of NPA in PSU banks is improving. RBI Governor Shaktikanta Das said banks have been asked to look at the ... Read More »

FM Jaitley: Banks recover debt of RS 80 thousand crore

Union Finance Minister Arun Jaitley has written a facebook post titled ‘Two years of insolvency and Bankruptcy Code (IBC)’. In the blog juxtaposes in to policy failures of the Congress regime and the impact of the financial reforms initiated by the Modi govt. Jaitley writes –The Congress left behind an anachronic system’s legacy for resolving commercial insolvency. The Companies Act ... Read More »

Govt to invest Rs 10,086 crore in Bank of India via preferential allotment

Government of India has conveyed its decision to invest Rs 10,086 crore in the equity of Bank of India (BoI) by way of preferential allotment. Further, Board of Directors of the Bank would be considering by way of circular resolution on or after January 02, 2019 the proposal for raising capital by this infusion and further issue of equity shares ... Read More »

Mahindra Finance to allot NCDs worth Rs 16.70 crore

Mahindra & Mahindra Financial Services (Mahindra Finance) has received an approval for the allotment of 167 Secured Redeemable Principal Protected – Market Linked Non-Convertible Debentures (NCDs) of the face value of Rs 10,00,000 each, at a premium, aggregating to Rs 16.70 crore. The duly authorised committee at its meeting held on December 27, 2018, approved the same. Mahindra Finance one ... Read More »

HCC raises Rs 497.60 crore via rights issue

Hindustan Construction Company (HCC) has raised funds worth Rs 497.60 crore through a rights issue. The issue was oversubscribed with HCC getting applications worth Rs 551.38 crore for sale through which it would issue up to 49.75 crore equity shares. With this the paid-up equity capital of the company will go up Rs 151.30 crore from Rs 101.55 crore while ... Read More »

Dilip Buildcon executes EPC agreement with NHAI for project worth Rs 677.07 crore

Dilip Buildcon has executed the EPC Agreement with the National Highways Authority of India (NHAI) for Lalganj – Hanumanha, NH-7 (Pkg-3) in the State of Uttar Pradesh. The project is for rehabilitation and up- gradation from 2 lane to 4 lane of NH Stretch of 43.40Km length which valued to Rs 677.07 crore. Dilip Buildcon’s core business is undertaking construction ... Read More »

Government to make capital infusion of Rs 2,159 crore in Union Bank of India

Government of India will make a capital infusion of Rs 2,159 crore in the equity capital of Union Bank of India by Preferential Allotment. The Bank proposes to secure the shareholders’ approval to the proposed preferential allotment by a Special Resolution by convening an Extraordinary General Meeting. Union Bank of India is one of the largest government-owned banks of India. ... Read More »

Bajaj Finance raises Rs 1189.30 crore via NCDs

Bajaj Finance has raised Rs 1189.30 crore through allotment of 11893 Secured Redeemable Non-Convertible Debentures (NCDs) of face value of Rs 10 lakh each. The Debenture Allotment Committee of the company at its meeting held on December 27, 2018 allotted the same. Bajaj Finance, the lending and investment arm of Bajaj Finserv group, is one of the most diversified NBFCs ... Read More »

Atlas Cycles reports net loss of Rs 1.46 crore in Q2

Atlas Cycles (Haryana) has reported results for second quarter ended September 30, 2018. The company has reported net loss of Rs 1.46 crore for the quarter under review against net profit of Rs 0.77 crore for the same quarter in the previous year. Total income of the company decreased by 4.18% at Rs 160.29 crore for Q2FY19 as compared Rs ... Read More »

Bharti Airtel likely to lose 5-7 crore customers

Bharti Airtel is expected to lose 5-7 crore customers as it ends its ‘lifetime free incoming’ plan and asks customers to spend minimum of Rs 35 per month to keep their numbers active on Airtel. The company is not worried about the loss and is looking to generate more average revenue per user (ARPU) as many SIMs under that plan ... Read More »

L&T’s construction arm bags orders worth Rs 2,357 crore

Larsen & Toubro’s (L&T) construction arm — L&T Construction has won orders worth Rs 2,357 crore. The company’s Water and Effluent Treatment and Transportation Infrastructure Business have secured order worth Rs 1,281. A Design & Build order has been received from the Andhra Pradesh Capital Region Development Authority (AP CRDA) for -“investigation, design and construction of roads, bridges, storm water ... Read More »

Alphageo bags contract worth Rs 14.45 crore

Alphageo (India) has received Notification of Award (NOA) of Contract from Oil and Natural Gas Corporation (ONGC), Jorhat for provision of 2D Seismic Data Acquisition services in South Geleki Area of Assam & Assam Arakan Basin for estimated contract Value of Rs 14.45 crore (exclusive of taxes). Alphageo (India) is a seismic survey service provider. The company is engaged in ... Read More »

HFCL bags two contracts worth Rs 148 crore by L&T

Himachal Futuristic Communications (HFCL) has been awarded two contracts totalling Rs 148 crore by Larsen & Toubro (L&T) to execute the Telecommunication Systems projects for the Mauritius Metro Express Project and for the Dhaka Metro Mass Rapid Transit System. The Mauritius Metro Express Project is along a 26 km route that will connect Curepipe to Immigration Square in the capital ... Read More »

PM Modi to unveil Projects worth Rs 14,500 crore in Odisha

Prime Minister Narendra Modi will inaugurate several projects worth over Rs 14,500 cr during a day-long visit to Odisha on Monday. The Prime Minister will dedicate the new campus of IIT-Bhubaneswar at Aragul and will launch a slew of projects related to higher education, health, road and highways and culture. He will lay the foundation of Paradip-Hyderabad Pipeline Product Project ... Read More »

Government moves to enhance bank recapitalisation outlay to Rs. 1,06,000 crore

Union Finance Minister Arun Jaitley said that there is need to strengthen banks and recapitalisation would enhance the lending capacity of state-owned banks. Addressing media on supplementary grants and public sector banks, Finance Minister said that recognition of NPA or Non Performing Assets in India’s banking system is almost complete and downward slide in the NPAs itself would now commence. ... Read More »

PM launches projects worth 41,000 crore Rupees in Maharashtra

Giving a big push to infrastructure projects in the Maharashtra, Prime Minister Narendra Modi on Tuesday laid down the foundation stone for the Thane-Bhiwandi-Kalyan Metro and the Dahisar-Mira-Bhayander Metro. With the completion of this metro project in 2021, connectivity is all set to further improve across the state of Maharashtra. Addressing on the occassion, PM said that this metro project ... Read More »

Gujarat Govt. waives off Rs. 625 crore rural electricity bills

Gujarat Govt has announced it will waive off electricity bills of connection holders in rural areas to the tune of Rs 625 crore. Nearly 6.22 Lakh consumers will benefit from this scheme. Gujarat Energy Minister Saurabh Patel informed media that  on deposit of  Rs 500, domestic , commercial and agriculture  consumers can avail benefit of  this scheme and their remaining bill ... Read More »

Morgan Stanley to invest Rs 150 crore in Ashoka Buildcon’s CGD business

Morgan Stanley India Infrastructure will invest Rs 150 crore in Ashoka Buildcon’s city gas distribution (CGD) business — Unison Enviro (UEPL). UEPL builds and operates CGD networks across cities and towns in India. UEPL has just started commercial operations of its first CGD project in Ratnagiri district in Maharashtra state. In the recently concluded ninth round of bidding for CGD ... Read More »

Jain Irrigation bags order of Rs 584 crore in Karnataka

Jain Irrigation Systems has bagged one more order of integrated Micro Irrigation Project worth Rs 584 crore in Karnataka after successful execution and commissioning of more than a dozen large sized integrated micro irrigation projects in the country. The project is based on ‘Resource to Root’ concept pioneered by Jain Irrigation, which fulfils both the objectives of PMKSY (Pradhan Mantri ... Read More »

JSW Steel to raise funds up to Rs 3,500 crore via domestic bond: Report

JSW Steel is reportedly planning to raise funds up to Rs 3,500 crore via a domestic bond sale to partly finance its Rs 19,500-crore acquisition of Bhushan Power & Steel. The company is aiming to sell about Rs 3,000-3,500 crore of bonds and for this purpose the company is in discussion with lenders Standard Chartered, Credit Suisse and Deutsche Bank. ... Read More »

L&T’s construction arm bags orders worth Rs 2,547 crore

Larsen & Toubro’s (L&T) construction arm — L&T Construction has won orders worth Rs 2,547 crore. The company’s Power Transmission & Distribution business has secured orders worth Rs 2,547 crore. On the international front, the business has won a major order in Tanzania for the construction of a 220kV Transmission Line between Dar es Salaam and Morogoro which in turn ... Read More »

Khadim India raises Rs 30 crore via Commercial Paper

Khadim India has raised fund through issuance of Commercial Paper (CP) for an aggregate amount of Rs 30 crore. The date of issue is December 06, 2018 and the instrument will mature on December 06, 2019. Khadim India operates as a footwear retailer in India under the brand Khadim’s. It also engages in the manufacture and sale of footwear. The ... Read More »

Techno Electric bags orders worth Rs 313 crore

Techno Electric & Engineering Company has received new / additional orders amounting to Rs 313 crore from reputed existing as well as new customers, when the shares of the company was in the process of listing, post amalgamation. Techno Electric & Engineering Company is a provider of engineering, procurement and construction (EPC) services to core sector industries in India. The ... Read More »

Elecon Engineering plans to raise Rs 150 crore via NCDs

Elecon Engineering Company is planning to raise funds of upto Rs 150 crore through issuance of Non-Convertible Debentures (NCDs) on Private Placement basis. The Board of Directors of the Company at its meeting to be held on December 10, 2018 to consider the same. Elecon Engineering Company is engaged in delivering power transmission solutions and material handling equipment. Read More »