The Securities & Exchange Board of India (SEBI) is all set to allow exchange trading in corporate bonds. The step is aimed to help infrastructure to raise low-cost funds which would have long repayment period. It would help to bring transparency in the corporate bond market and attract investors to invest in long-term bonds.

State-owned India Infrastructure Finance Company Ltd (IIFCL) has announced to raise Rs 10,000 crore through tax-free bonds in addition to the Rs 10,000 crore announced by the union government for infrastructure sector in the economic stimulus package. The amount would be used to refinance the bank loans that have been taken for various infrastructure projects.  

Under Rajeev Gandhi Grameen Vidyut Yojana, leading infrastructure and construction development company Maytas Infra Ltd has received Rs 222.25 crore contracts for four rural electrification works from state-run Power Grid Corporation of India Ltd.

The contract will enable the Hyderabad based company to electrify nearly 4125 villages. The company will execute these projects in Khurda and Sundergrah districts of Orissa and West Midnapore district of West Bengal.

Nagarjuna Construction Company has informed that it has won six new orders worth Rs 484 crore from various firms.

The company has bagged first order worth Rs 121 crore from Golden Jubilee Hotels, Hyderabad for construction of a 5 Star Deluxe Hotels at Madhapur, Hyderabad. The order is scheduled to be completed over a period of 15 months.

The second order, which is valued at Rs 111 crore has been secured from the CMD, M.P. Paschim Kshetra Vidyut Vitaran Co, Indore for different works. The contract will be completed over a period of 12 months.

In an attempt to start new infrastructure projects in India, Delhi-based realty company Parsvnath Developers, has finalized a tie-up with Constructora San Jose, a unit of Spain's infrastructure development company Grupo San Jose. Parsvnath and San Jose would hold equal equity in the joint venture company San Jose-Parsvnath Consortium.

informed the Bombay Stock Exchange (BSE) that it has bagged three orders worth Rs 937 crore in water business, during September and October 2008 in Delhi and Andhra Pradesh.

This order is in addition to the EPC project worth Rs 582 crore that the engineering major secured from the Hyderabad Metro Water Supply and Sewerage Board; and two EPC projects worth Rs 355 crore from the Delhi Jal Board.