L&T, GMR Among 13 Players That Have Evinced Interest In Bijwasan Rail Station Land Parcel Development
by Arun Kumar Das - Apr 18, 2021 08:07 AM
Bijwasan railway station.
Snapshot
IRSDC had recently invited a Request for Proposal for leasing of vacant land for mixed-use development as part of the Bijwasan Railway Station development project.
GMR, L&T and NHSRCL are among 13 firms which have evinced keen interest in developing vacant land near Bijwasan railway station in the national capital.
In a pre-bid consultation for leasing about 18,000 sq metres of land for mixed-use development as part of Bijwasan Railway Station Development project, a total of 13 players participated in the meeting conducted by the Indian Railway Stations Development Corporation.
बिजवासन रेलवे स्टेशन के पास भूमि विकास परियोजना में 13 कंपनियों की रुचि
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Moody s assigns Ba3 to Cliffton s USD notes ANI | Updated: Mar 08, 2021 14:20 IST
The outlook on the rating is negative, it said on Monday.
Cliffton, a newly-formed special purpose vehicle for proposed transactions will use the proceeds to subscribe to Indian rupee senior secured non-convertible debentures (NCDs) to be issued by Delhi International Airport Ltd (DIAL).
DIAL in turn will use the proceeds of NCDs to fund its planned capital spending (up to USD165 million) and to refinance its USD288 million bond maturing in February 2022. DIAL will not have any ownership interest in or control over Cliffton.
Cliffton s USD noteholders will benefit from a first-ranking charge over its accounts and swap arrangements as well as a pledge over all of Cliffton s shares, but not the INR NCD issued by DIAL which will be held by an onshore custodian.
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