Corporate bond market may grow at 22% next fiscal: ICRA
Domestic rating agency ICRA today said corporate bond issuance is likely to grow by 2022 per cent in the financial year 201718, with gross issuance rising to Rs 8.5 trillion. Benefiting from... Public Announcement for Buy Back of Equity Shares
ICRA Ltd has submitted to BSE a copy of the public announcement for the Buyback being made pursuant to the provisions of the Securities and Exchange Board of India (Buy Back of Securities) Regulations, 1998, as amended. Rewa becomes case study for solar bids
While the Rewa Ultra Mega Solar (RUMS) park's seemingly unrealistic rate of award hinges on the availability of cheap finance for a longer tenure, it has had an unlikely impact in Andhra Pradesh. The e-auction for 500 Mw at the Kadapa solar park in that state was cancelled earlier this week because of a rethink on project conditions.The three units of RUMS last week attracted a first-year bid rate of Rs 2.97 for its three 250 Mw units. After a fixed escalation of Rs 0.05 per year till 15 years of operation, it works out to a levelised Rs 3.3 a kilowatt/hour, lowest so far for any photo-voltaic (PV) solar project, though there is no viability gap funding. According to an ICRA calculation, the internal rate of return (IRR) will be below 10 per cent at this rate. Even at the lowest 8.5 per cent interest rate and a plant load factor of 23 per cent, the IRR is only 8.6 per cent."The ability of project developers to tie up debt funding at a cost-competitive rate, with a long tenure of up to Buy-back of equity Shares
ICRA Ltd has informed BSE regarding the Buy-back of equity Shares. ICRA net up 36% in Dec quarter
Credit rating agency ICRA Ltd reported net profit of Rs 21.18 crore for the quarter ended December 2016, up 36 per cent over the corresponding quarter of the previous year. The company's operating... Submission of Analyst Presentation (Q3 FY17)
ICRA Ltd has informed BSE regarding "Submission of Analyst Presentation (Q3 FY17)". Announces Q3 results (Standalone & Consolidated), Limited Review Report (Standalone & Consolidated) & Results Press Release for the Quarter ended December 31, 2016
ICRA Ltd has announced the following results for the quarter ended December 31, 2016:The Un-audited Standalone results for the Quarter ended December 31, 2016The Company has posted a net profit of Rs. 211.845 million for the quarter ended December 31, 2016 as compared to Rs. 155.282 million for the quarter ended December 31, 2015. Total Income has increased from Rs. 539.142 million for the quarter ended December 31, 2015 to Rs. 610.233... Outcome of Board Meeting (Board approves Buy-back of Equity Shares)
ICRA Ltd has informed BSE that the Board of Directors of the Company at its meeting held February 09, 2017 has approved the proposal of Buyback of the Company's fully paid-up equity shares of the face value of Rs. 10 each (hereinafter referred to as the "Equity Shares") from its shareholders/beneficial owners, other than those who are promoters, members of the promoter group and persons in control, from the open market through stock exchanges mechanism... ICRA board to consider share buyback proposal
Domestic rating agency ICRA today said its board will meet later this week to consider a proposal for buyback of equity shares of the company. ...Board meeting of the company scheduled to be... Board to consider Buy-back of equity shares
With reference to the earlier announcement dated January 04, 2017, regarding intimation of Board meeting of the Company scheduled to be held on February 09, 2017, inter alia, for the purpose of approving the Unaudited Financial Results (Standalone and Consolidated) of the Company for the quarter and nine months ended December 31, 2016 (Q3).ICRA Ltd has now informed BSE that at the said meeting, the Board will also consider a proposal for Buy-back of the equity shares of the Company.