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Friday, July 24, 2015

Adani Ports Raises $ 650 Mn Via Dollar Bond Issue
Adani Ports and Special Economic Zone Ltd (APSEZ) yesterday raised USD 650 million (around Rs 4,100 crore) via its debut dollar bond issue and the proceeds will be used to refinance foreign currency denominated debts and fund capital expenditure. In a BSE filing, APSEZ said "it has priced a Rule 144A/Regulation S offering of USD 650 million 3.50 senior unsecured notes due 2020." It further said: "The use of proceeds is to refinance foreign currency denominated external commercial borrowings and fund capital expenditure."

Scheme To Install One Lakh Solar Pumps By Government
The government is implementing a scheme to install one lakh solar pumps for irrigation and drinking water, Parliament was informed yesterday. "The Ministry of New and Renewable Energy is implementing programme for installation of 1,00,000 solar pumps for irrigation and drinking water through State Nodal Agencies and NABARD," Power, Coal and New & Renewable Energy Minister Piyush Goyal said in a written reply in the Lok Sabha. He further said that the ministry provides 30% capital subsidy to farmers for installation of solar pumps for irrigation purpose through state nodal agencies.

M&M’s New ‘Thar CRDe’ Launched At Rs 8.03 Lakh
Mahindra and Mahindra Ltd yesterday unveiled a new version of its off-road vehicle Thar at Rs 8.03 lakh. "The Thar CRDe comes with enhanced exteriors and new interiors with added comfort and convenience features, all of which take the legendary off-roader to the next level," company's president and chief executive (automotive) Pravin Shah told reporters. Its newly-added first-in-class feature, the auto engaging differential lock, and a powerful 2500 cc CRDe engine further enhance its off-road capability, he said.

Online Buying Platform For Capital Goods Launched, a unique online B2B marketplace, which is dedicated to providing end-to-end equipment solutions was recently launched. The site provides solutions for Machine Tools, Material Handling Equipment, Earth Moving Equipment, and Plastic Machinery - right at the doorstep of the buyers. and brings Capital Equipment Buyers & Vendors on the same platform to conduct business across cities and countries. Sanjay Deokule, Founder and Director says, “With more than 1500 buyers and 500 vendors already registered, our endeavor is to be the leading capital equipment marketplace with unmatched capital equipment services and create value for all the stakeholders.”

GoodEarth Malhar ‘Footprints’ Bags Green Design Award
GoodEarth Homes, known for constructing environment-friendly and sustainable neighborhoods has been recognized by Asia’s largest leading Green Design competition in Singapore: The FuturArc Green Leadership Award 2015. GoodEarth Malhar Footprints in India won a citation award in the Residential – Multiple Houses category at FuturArc Green Awards 2015.

BMW Launches ‘X6 Sports Activity Coupe’ At Rs 1.15 Cr
World's third largest luxury car maker BMW India yesterday launched a souped-up version of its premium sports activity car X6 coupe for Rs 1.15 crore ex-showroom, national. The 6-liter, 8-speed machine is the second generation of the X6 Series and is being sold as a completely built unit and will be available for sale across the BMW showrooms, BMW India Group president Philipp von Sahr told reporters here. He said the X6 coupe is the only sports activity coupe in the world, adding "BMW established the sports activity coupe segment with the introduction of X6 series."

Alstom’s Proposed JV Bags Rs 1,497 Cr Contract From DFCCIL
The proposed joint venture of Alstom India Ltd and Alstom Transport S.A. Has bagged Rs 1,497 crore worth contract from Dedicated Freight Corridor Corporation of India Ltd (DFCCIL). "The proposed joint venture of Alstom India Ltd (AIL) and Alstom Transport S.A. (ATSA) has been issued a letter of acceptance by Dedicated Freight Corridor Corporation of India Ltd," Alstom said in a BSE filing yesterday.

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