(ET) Power Finance Corporation Ltd (PFC) on Friday said it raised $750 million through issuance of dollar-denominated bonds. The company carried out the issuance of 10.25 year $750 million bonds on under Reg S & 144 A route. The bonds have a fixed coupon of 3.95 per cent per annum and a yield of 4.066 per cent, an official statement said. It said PFC is the first Indian public sector company to issue senior unsecured USD bonds with a tenure of more than 10 years.The final order book amounted to more than $2.2 billion, attracting active and wider participation from investors across…
Author: Aruna Sharma
(ET) Adani Green Energy and Azure Power have emerged as successful bidders in Solar Energy Corporation of India’s first manufacturing-linked solar tender, a top government official said on Friday. Adani has bid for 1.5 GW solar cell manufacturing capacity and 6 GW generation capacity, MNRE Secretary Anand Kumar said on the sidelines of India Energy Forum-Renewable Energy Summit here. He also said that Azure Power bid for 500 MW solar cell manufacturing capacity and 2 GW generation capacity.With the green shoe option, the capacity for Adani would increase to 2 GW of solar cell manufacturing capacity and 8 GW generation capacity, Kumar said.For Azure, with green shoe option, it…
(PTI) Union Road Transport and Highways Minister Nitin Gadkari on Thursday warned that officials behind faulty engineering and road designs will not be spared as road accidents are causing a loss of 3 per cent of the GDP of the country every year. The minister also exuded confidence that the number of accidents will decline sharply on the back of stringent traffic rules post enactment of the new Motor Vehicles Act and massive steps undertaken to curb accidents including correction of “black spots” or accident spots at a cost of Rs 14,000 crore. More people in India die annually in road…
(AU) दिल्ली चुनाव के लिए कांग्रेस ने ज्यादातर उम्मीदवारों के नाम पर मुहर लगा दी है। दिल्ली प्रदेश कांग्रेस अध्यक्ष सुभाष चोपड़ा ने बताया कि शुक्रवार को सूची जारी कर दी जाएगी। इससे पहले उम्मीदवारों के नामों को अंतिम रूप देने के लिए बृहस्पतिवार को कांग्रेस चुनाव समिति (सीईसी) की बैठक हुई। इसमें दिल्ली इकाई से भेजे गए नामों पर चर्चा हुई। उम्मीदवारों की खामियों और खूबियों का आकलन कर समिति ने ज्यादातर नामों पर सहमति दे दी है। वरिष्ठ नेताओं के चुनाव लड़ने का फैसला लेने की जिम्मेदारी आलाकमान पर डालते हुए चोपड़ा ने खुद चुनाव लड़ने से मना कर…
(PTI) Commerce and Industry Minister Piyush Goyal on Thursday said India and the US are in an “advance stage” of dialogue to resolve some of the pressing trade issues.He said that both the countries can expand their trade relations which in future may result in a preferential or a free trade agreement.”With the US, we are in an advance stage of dialogue to sort out some of the pressing issues,” he said here. The remarks assume significance as both the countries are negotiating a trade package to boost two-way commerce.The minister said that both the nations are big trading partners…
(AU) दिल्ली, जम्मू-कश्मीर, हिमाचल प्रदेश और उत्तराखंड समेत पूरा उत्तर भारत ठंड और शीत लहर की चपेट में है। पहाड़ों पर बर्फबारी और दिल्ली, उत्तर प्रदेश, राजस्थान समेत हरियाणा के कई इलाकों में बृहस्पतिवार सुबह हुई बारिश ने लोगों की मुश्किलें बढ़ा दी है। मौसम विभाग का कहना है कि पश्चिमी विक्षोभ के चलते मौसम ने करवट ली है। इसी वजह से दिल्ली समेत मैदानी इलाकों में बारिश हुई। मौसम विभाग ने बृहस्पतिवार शाम तक दिल्ली में तेज बारिश और ओलावृष्टि की चेतावनी जारी की है। राजधानी के पालम इलाके में 0.3 एमएम बारिश रिकॉर्ड हुई। बारिश और ठंड हवाओं…
(AU) गृह मंत्रालय ने जनगणना 2021 और एनपीआर तैयार करने के तौर-तरीके निर्धारित करने के लिए शुक्रवार को दिल्ली में बैठक बुलाई है। पश्चिम बंगाल की मुख्यमंत्री ममता बनर्जी ने घोषणा कर दी है कि उनका प्रदेश इस बैठक में हिस्सा नहीं लेगा। अधिकारियों के अनुसार इस बैठक में केंद्रीय गृह राज्यमंत्री नित्यानंद राय अध्यक्षता करेंगे। केंद्रीय गृह सचिव अजय भल्ला, मुख्य सचिव व जनगणना निदेशक भी हिस्सा लेंगे। गृह मंत्रालय के एक अधिकारी ने बताया कि बैठक में जनगणना व एनपीआर के तहत शुरू होने वाले मकान सूचीकरण के चरण पर विस्तृत चर्चा होगी। यह चरण एक अप्रैल से 30…
(PTI) Indian Oil Corp (IOC), the country’s biggest oil firm, will decide on bidding to buy Bharat Petroleum Corporation Ltd (BPCL) after the government lists out rules for the stake sale, its Chairman Sanjiv Singh said Thursday. The Cabinet Committee on Economic Affairs had on November 21, 2019 decided to sell government’s entire 53.29 per cent stake in country’s second-largest state refiner BPCL, but a tender for sale hasn’t yet been issued. “The expression of interest (EoI) (for BPCL stake sale) hasn’t been issued yet. We don’t know the conditions. We have no information whether PSUs are allowed to bid…
(PTI) State-owned gas utility GAIL India Ltd on Thursday said its board has approved raising up to Rs 1,500 crore in debt to part-fund its ambitious plan to expand its pipeline capacity over the next few years. The company plans to raise funds through domestic bonds in one or more tranches in the next six months. “The Board of Directors in its meeting held today inter alia approved to borrow rupee debt funds up to Rs 1,500 crore including greenshoe option through secured/unsecured, redeemable, taxable non-convertible bond(s) in one or more tranches from time to time on private placement basis,” the company said…
(BS) Alphageo (India) was locked in an upper circuit limit of 10% at Rs 201.45 after the company said it received two contracts worth Rs 111.98 crore from ONGC. The order for acquisition of 3D seismic data through outsourcing for “Bogapha Syncline” area of A&AA Basin is worth Rs 43.23 crore. Another contract is worth Rs 68.75 crore for acquisition of 3D seismic data through outsourcing for “Tichna” Area of A&AA Basin. The announcement was made during trading hours today. The counter clocked 30,000 shares on the BSE so far compared with two-week daily average of 1313 shares.On consolidated basis, Alphageo…