Himachal CM Launches Rs 1.95 Bn Projects in Rohru
Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu inaugurated projects worth Rs100.95 crore for the people of Rohru assembly segment in Shimla district. The projects include a Rs29.22 crore ultra-modern grading and state-of-the-art controlled atmosphere (CA) store, with its storage capacity expanded from 700 metric tonnes (MT) to 2,031 MT, greatly benefiting the region's horticulturists. Additionally, advanced machinery valued at Rs 20.93 crore has been set up, allowing the grading of 5 metric tonnes of apples per hour, as stated in a press release. The Chief Minister also launched a Gov..
CM Bhupendra Patel Unveils Rs 6.16 Bn Development Projects for Vadodara
Chief Minister Bhupendra Patel announced Rs 616.54 crore worth of development projects for Vadodara City during the inauguration and foundation stone-laying ceremony organized by the Vadodara Municipal Corporation. Among the key initiatives is the construction of a new overbridge to replace the Alkapuri railway underpass, aimed at addressing a major city concern. The CM unveiled a plaque marking the launch of these projects during the Vikas Utsav, in the presence of Chief Whip Balkrishna Shukla and other local leaders. The projects span various sectors, including water supply, street lighting..
Punjab & Sind Bank Plans Rs 3,000 Crore Infrastructure Bond Issue
Punjab & Sind Bank, a state-owned institution, is set to raise Rs 3,000 crore through the issuance of 10-year infrastructure bonds, targeting the domestic capital market in mid-December. The bond issue, which has a base size of Rs 5 billion and a green-shoe option of Rs 25 billion, is rated ‘AA’ by domestic rating agencies CRISIL and IndiaRatings. This move comes after Bank of India successfully raised Rs 50 billion via similar bonds earlier this year at a coupon rate of 7.41 percent. In FY25, commercial banks’ infrastructure bond issuances are expected to surpass Rs 1 trillion, almost ..