The proceeds will be utilised for funding of capital expenditure, refinancing of existing loans and other general corporate purposes, the company said in a regulatory filing
As janta curfews and lockdowns impact ongoing projects, government spending on relief measures may limit future infra spends
BPCL is in the process of buying land from Hindustan Organic Chemicals to set up the planned facilities
Last week, the company, the largest van maker in the country with a market share of over 68 per cent, unveiled the van 'T1N', which will be mostly exported.
The rating agency - in its Infrastructure Yearbook 2019, released on Tuesday - said most of the sub-sectors in infrastructure have shown stress this year, compared to the previous year
Company cuts capex, production, sales guidance for FY20
The expenditure is concentrated primarily on economic services that accounted for around 70 per cent of the spending
Among the profit-making companies which would gain the most in absolute terms are RIL, Oil and Natural Gas Corporation, and Indian Oil Corporation
The company has completed a Rs 10,000 capital expenditure in the just concluded year
Vedanta stated that its growth plans will see it becoming the world's largest zinc producer and among the top three silver producers
Only 3.4% of total federal spending was budgeted for education - down from 3.74% the previous year and from 4.3% when Modi took over in 2014
So the heavy lifting in public investment has to be shouldered by the 257 operating central public sector enterprises
CMIE data puts value of new projects at Rs 43,000 cr, compared with Rs 3.45 trillion a year ago; completed projects down 60% to Rs 53,000 cr from Rs 1.33 trillion in June 2018
The total capital spending by these states is budgeted at Rs 4 trillion in 2018-19, roughly 70% of the state capex of Rs 5.75 trillion
Money managers raise their bets on L&T and NTPC
Capex fell substantially in March quarter but capital formation in the economy swelled, says the data; none clear on how this happened
Framework forecasts revenue spending of Rs 20 lakh cr in 2018-19, Rs 22.05 lakh cr in 2019-20
An analyst says, due to excess capacity, investment in manufacturing will not be forthcoming
The brokerage firm's top picks in this space include L&T and BHEL
It has witnessed a jump touching Rs 68,059 cr as compared to the Rs 53,118 cr in the last year