Infrastructure Stocks

In the past one week, shares of this construction firm gained 1.7 per cent, as against 0.2 per cent rise in the S&P BSE Sensex

Infrastructure investment trust Bharat Highways InvIT has filed draft prospectus with the capital markets regulator Sebi to mop-up Rs 2,000 crore through an initial public offering (IPO). Proceeds of the issue will be used to repay certain loans obtained by the Project SPVs (special purpose vehicles) and for general corporate purposes, according to the draft red herring prospectus (DRHP). These SPV projects include Porbandar-Dwarka Expressway, Varanasi-Sangam Expressway, GR Sangli-Solapur Highway, GR Akkalkot-Solapur Highway, GR Phagwara Expressway and GR Gundugolanu-Devarapalli Highway. Bharat Highways InvIT was set up in August 2022 to acquire 100 per cent stake in each of Project SPVs from GR Infrastructure Ltd including GDDHPL, wherein the InvIT proposes to initially acquire 49 per cent stake. As per the draft papers, Bharat Highways InvIT (infrastructure investment trust) would issue units aggregating up to Rs 2,000 crore. The issue will be made through the book building pro

The planned issuance worth Rs 10,000 crore includes a greenshoe option of Rs 5,000 crore, the bank said

Analysts believe that L&T is well-placed to benefit from overall diversified tender prospects with better order conversion in the domestic market

Till 11:27 am, a combined 1.8 mn equity shares changed hands and there were pending sell orders for around 9 mn shares on the NSE and BSE, exchanges data show. The stock last traded on August 2, 2021

Expectations of spending from Washington on bridges, roads, and tunnels bolstered so-called value stocks, especially the industrials and materials sectors

In December last year, Union minister for road transport and highways Nitin Gadkar had informed the Parliament that the ministry has 318 ongoing arbitration cases worth nearly Rs 80,000 crore

Carborundum and Jain Irrigation stocks don't depend on the traditional capex cycle for growth