NTPC enters into Rs 10,000 crore contract with Indian Railways: Report

NTPC has reportedly entered into a contract with the Indian Railways for transportation of coal from mines to all its plants through fiscal 2020. The contract is for Rs 10,000 crore inclusive of GST. The company will pay the Indian Railways a freight advance towards payment of transport of coal for FY18-19 and FY19-20. First … Read more

Essel Propack issuing commercial papers worth Rs 40 crore

Essel Propack is issuing Commercial Papers (CPs) for Rs 40 crore on private placement basis. The CPs for Rs 40 crore with date of maturity as October 30, 2018 will be redeemed as per the terms. Essel Propack is a producer of plastic packaging material in the form of multilayer collapsible tubes and laminates used … Read more

Ahluwalia Contracts bags order worth Rs 538.76 crore

Ahluwalia Contracts (India) has secured new order approximately Rs 538.76 crore for construction of development / redevelopment of Charbagh Railway Station at Lucknow in the state of Uttar Pradesh (UP) awarded from NBCC (India). The total order inflow during the FY2018-2019 stands at Rs 2575.33 crore. Ahluwalia Contracts (India) is engaged in providing construction related … Read more

Syndicate Bank gets capital infusion of Rs 728 crore from government

Syndicate Bank has received capital infusion of Rs 728 crore from the government in lieu of preferential allotment of shares. The finance ministry had conveyed to the bank on October 17 of getting government sanction for release of Rs 728 crore towards contribution of the preferential allotment of equity shares during 2018-19 under plan as … Read more

Indiabulls Real Estate planning to raise Rs 1,000 crore via NCDs

Indiabulls Real Estate is proposing to issue Secured, Redeemable, Non-Convertible Debentures (NCDs) of face value Rs 10 lakh each aggregating up to Rs 1,000 crore, on a private placement basis. The tenor will be up to 36 months. Indiabulls Real Estate is India’s third largest real estate company, with its focus on construction and development … Read more

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