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New Delhi [India], June 9 (ANI): The Cabinet Committee on Economic Affairs (CCEA) on Wednesday gave its approval for the proposal of the Department of Fertilizers for extension of the applicability of New Investment Policy (NIP)-2012 read with its amendment dated October 7 for the Ramagundam Fertilizers and Chemicals Limited (RFCL). ....
Cabinet approves sops to Ramagundam urea plant June 09, 2021 All urea plants set up till 2019 will get several incentives The Cabinet Committee on Economic Affairs on Wednesday decided to provide benefits accruing from the New Investment Policy-2012 to Ramagundam Fertilisers and Chemicals Limited (RFCL) in Telangana, even though the project was commissioned only in 2021, an official statement said. As per the policy all urea plants set up till 2019 would get several incentives including a minimum post-tax return on capital investment. However, the Ministry of Chemicals and Fertilisers proposed to extend the same to RFCL too, which now received green nod from the Cabinet. RFCL is one of the largest fertiliser manufacturing units of South India. ....
PowerGrid InvIT slips after debut at 4% premium to IPO price During the day, the scrip touched an intra-day high of 104.97 on BSE, before slipping to an intra-day low of Rs 102.84. The stock closed the day on Rs 102.98, down 1.02 points BusinessToday.In | May 14, 2021 | Updated 18:29 IST PowerGrid Infrastructure Investment Trust (InvIT) made its debut on the stock exchanges at a premium of 4 per cent over the issue price. The stock was listed on BSE and NSE at Rs 104 per unit, as compared to the IPO price of Rs 100. The stock closed lower amid volatility and nervous in the market. During the day, the scrip touched an intra-day high of 104.97 on BSE, before slipping to an intra-day low of Rs 102.84. The stock closed the day on Rs 102.98, down 1.02 points or 0.98 per cent from the opening price. This is 2.98 points higher than the issue price. ....
PowerGrid InvIT IPO to open on April 29; price band fixed at Rs 99-100 The company informed that the net proceeds from the offer will be utilised towards providing loans to the initial portfolio assets for repayment or pre-payment of debt, including any accrued interest, and for general purposes BusinessToday.In | April 27, 2021 | Updated 15:11 IST The price band for the share sale has been fixed at Rs 99-100 per unit The initial public offering (IPO) of PowerGrid Infrastructure Investment Trust, owned by state-run Power Grid Corporation of India, will open for subscription on April 29. The price band for the share sale has been fixed at Rs 99-100 per unit. ....