Lt Infrastructure Development News Today

L&T recorded a 45 percent jump in net profit for the second quarter of fiscal year 2023-24 at Rs 3,223 crore

Barring consumer durables, all sectors were trading in the green, led by realty, utilities, commodities, energy, industrials, oil & gas and capital goods.

Pension funds maintain a strategic outlook and are likely to wait for developments before making any major adjustments, say market experts

The funding for the acquisition was through a rupee term loan, the issue of non-convertible debentures and the preferential issue of units to the unitholders namely, Canada Pension Plan Investment Board (CPP Investments) and OMERS Infrastructure.

Proceeds from this sale would amount to Rs 2,723 crore before closing adjustments and other terms of the transaction.

Mumbai, Dec 17:Edelweiss Alternatives on Saturday entered into an agreement with Larsen & Toubro and Canadian Pension Plan Investment Board to pick up their 100 per cent stakes in L&T Infrastructure Development Projects at an enterprise value of Rs 6,000 crore. Edelweiss Alternatives — an alternative ivestment fund management platform — in a statement said that the transaction is being executed by a fund managed by Edelweiss Alternatives and it also involves absorbing the ope...

By siliconindia  |  Tuesday, 03 August 2021, 05:45 Hrs State-run Indian Railway Catering and Tourism Corporation (IRCTC) is holding a discussion with Bharat Heavy Electricals (BHEL) to enter into an alliance to run private trains. Both the public sector undertakings (PSUs) are actively considering forming a Special Purpose Vehicle (SPV) to operate passenger trains on the routes where IRCTC has put in bids. “BHEL will be putting in the money required for p...

CPP invests Rs 1,005 cr more in Indinfravit for additional 16% stake SECTIONS Last Updated: May 06, 2021, 10:10 PM IST Share Synopsis Indinfravit is an infrastructure investment trust (InvIT) sponsored by L&T Infrastructure Development Projects since 2018 to acquire and maintain brownfield road concessions. Agencies The combined investment is 173 million Canadian dollars or Rs 1,005 crore, the CPP said in a statement. Related NSE Explore Now MUMBAI: The Canada Pension Plan Investment Board or C...

Fresh issue worth ₹5,000 crore, PSU firm to sell units worth ₹2,000 crore via OFS

FM Sitharaman has loosened the purse strings in Budget: How will it fast-track India’s growth? SECTIONS FM Sitharaman has loosened the purse strings in Budget: How will it fast-track India’s growth?By Share Synopsis Chief Economic Adviser Krishnamurthy V Subramanian argues that Budget 2021 will not only propel growth in the next fiscal but also lay the foundation for the coming decade. He highlights the massive spend on healthcare and core sector projects as well as reforms in the financia...