Make In India: Success of Cochin Shipyard IPO leads to renewed energy & enthusiasm to build larger ships incl LNG carriers. Good luck!
The issue got oversubscribed 76 times, receiving bids for 258.25 crore equity shares against IPO size of 3.39 crore shares. A state-run company, Cochin Shipyard, had targeted to raise up to Rs 1,468 crore through its share sale offer.
2 steps forward on City-gas: (1) Accorded ‘public utility’ status (2) Gas pipelines to be made mandatory in all new buildings design
Stepping on the gas on city gas
Public utility status means easier approvals & clearances, and puts city gas distribution (CGD) under Essential Commodities Act. NITI Aayog batted for extending the CGD network to 326 cities by 2022 through changes in bidding or regulatory practices of Petroleum and Natural Gas Regulatory Board. Read More…