Government To Build The Infrastructure Bonds Scrips Easy Standard Infrastructure

IRB Infrastructure Developers (up 4.32%), IVRCL (up 4.13%), Jaiprakash Associates (up 3.31%), Punj Lloyd (up to 2, 95%), Lanco Infratech (up 2.61% ), GMR Infrastructure (up 2.35%), Gammon Infrastructure (up 2.27%), GVK Power and Infrastructure (up 1.17%) and Larsen & Toubro (up 1.22%), increased slightly NRI Pan Card.

Nagarjuna Construction Company (up 3.17%) and Hindustan Construction Company (up 2.39%), edged higher in construction companies. Among the companies for financing infrastructure, SREI Infrastructure Finance (up 3.93%) and Finance Company Infrastructure Development (IDFC) (up 1.57%) increased.

Given the modest initial response to the IFI the government sharply increase the ceiling for FII investments in long-term corporate bonds issued by companies in the infrastructure sector in March 2011, the government further relaxed the standards for FII investment in such bonds. Ministry of Finance said in a statement released Monday, 12 September 2011, IIE can now invest in infrastructure bonds in the long run, however, capped at $ 5 billion limit, which has an initial term of five years or older at the time of issue and maturity of one year at the time of first purchase by FIIs. These investments are subject to a vesting period of one year. FIIs allowed to trade in these bonds, but can not sell to domestic investors in jail during a year NRI demat account.

FIIs can invest up to a maximum of $ 17 billion in long-term bonds below which a maturity of five years or older at time of issuance and expiration of three years at its original purchase by FII. These investments are subject to a grace period of three years. During the three years of blockade, FIIs can change, but can not sell to investors. The Securities and Exchange Board of India (SEBI) is expected to deliver notifications to incorporate these changes in the schedule for October 15, 2011.

SEBI was the beginning of August 2011 allowed qualified foreign investors (QFIs) plans to subscribe to Mutual Fund debt, investing in infrastructure in the overall height of up to $ 3 billion of the total funding up to $ 25 billion.

Will the Commission Deputy Chairman Montek Singh Ahluwalia on Monday 12 In September 2011, the conference said that private funding is half the form of $ 1 trillion in infrastructure investment in a five-year program from 2012 to 2017. Prime Minister Manmohan Singh said during the meeting that the winning fund crunch for infrastructure projects, the government proposed to establish a fund of $ 11 billion to help finance infrastructure projects. We also formed a high-level committee to suggest measures needed to fund the ambitious infrastructure development, Mr. Singh said.

Road Transport and Highways Minister CP Joshi said the National Roads Authority of India will award contracts to build 7,300 kilometers (km) of motorways planned private investment of about Rs 50,000 crore by the end of this fiscal year.


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