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  2. Share Prices
  3. Infra.india Share Price
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  5. Infrastructure India's cargo volumes weakened by demonetisation

Pin to quick picksInfra.india Share News (IIP)

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Share Price: 0.035
Bid: 0.02
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Change: 0.00 (0.00%)
Spread: 0.03 (150.00%)
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Infrastructure India's cargo volumes weakened by demonetisation

Thu, 16th Feb 2017 10:23

(ShareCast News) - Shares in Infrastructure India tumbled on Thursday after saying cargo volumes have gradually improved since demonetisation by the Indian government, but recovery to prior levels depends on the rebound of the manufacturing sector.In September, the investment fund said 99.9%-owned investee company Distribution Logistics Infrastructure (DLI) seen a deceleration of cargo movements immediately after the announcement of demonetisation and the official withdrawal of certain high-value currency denomination notes from circulation.India's wider logistics sector had been affected similarly, said Infrastructure India.The company had subsequently seen some improvement, but said recovery to levels seen before the withdrawal of certain notes was subject to recovery of the underlying sectors, particularly the manufacturing sector.AIM-quoted Infrastructure India added that it would be difficult for DLI to generate an operating profit for the current year as that outfit had not been operating at full capacity. DLI had experienced slow lending from banks after restructuring its debt due to the demonetisation.India is a cash economy with an estimated 90% of daily transactions completed in cash and the company said that a lack of available legal tender impeded both households and commerce.Despite the market challenges, the company said that DLI's Nagpur terminal continued to operate as the facility started stuffing export containers in December 2016 and received an approval for a public bonded warehousing in January as well as quarantine clearance for timber in February.Infrastructure India was also exploring refinancing options in relation to the $17m working capital facility from the Guggenheim Global Infrastructure Company, which was due to mature on 10 April.At about 11:17 GMT, shares in Infrastructure India were down 15.15% to 7p each.
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26 Sep 2018 13:41

Infrastructure India Gets USD2 Million Increase To Cedar Valley Loan

LONDON (Alliance News) - Infrastructure India PLC said Wednesday that it secured a USD2.0 million increase to its existing USD43.4 million unsecured bridging loan facility provided by Cedar Valley

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21 Sep 2018 12:24

Infrastructure India Net Asset Value Falls Over Financial Year

LONDON (Alliance News) - Infrastructure India PLC on Friday said its net asset value per share fell sharply in its financial year 2018 hurt by weak performance of its main investee Distribution in

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18 Sep 2018 13:05

Infrastructure India Gains Two Loan Maturity Date Extensions

LONDON (Alliance News) - Infrastructure India PLC said Tuesday it has agreed two loan maturity extensions to October 18.The infrastructure fund agreed the extension of a USS43.4 million in

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17 Sep 2018 10:37

WINNERS & LOSERS SUMMARY: Clontarf Shares Surge On Tano 2A Resolution

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17 Sep 2018 09:04

Infrastructure India Shares Dive On Cancellation Of Wind Farms Sale

LONDON (Alliance News) - Infrastructure India PLC lost more than a quarter of its market value early Monday following its decision to abort the sale of unit Indian Energy Ltd to ReNew Power Pvt in

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23 Aug 2018 14:57

Infrastructure India agrees to $3m increase of bridging loan

(Sharecast News) - Infrastructure India has agreed a $3m increase of the existing $40.4m unsecured bridging loan facility, it announced on Thursday.

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23 Aug 2018 11:35

Infrastructure India Shares Drop As Bridging Loan Raised Eighth Time

LONDON (Alliance News) - Infrastructure India PLC said on Thursday it has agreed to an increase of its USD40.4 million unsecured bridging loan facility to USD43.4 million.Shares in India at

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31 Jul 2018 11:31

Infrastructure India Shares Double As It Secures New Financing

LONDON (Alliance News) - Infrastructure India PLC shares soared on Tuesday as the company said it has agreed USD125 million, or GBP95.5 million, of debt funding.Shares were trading at 3.70

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20 Jun 2018 11:03

Infrastructure India Secures USD6 Million Increase To Bridging Loan

LONDON (Alliance News) - Investment firm Infrastructure India PLC said Wednesday that it has agreed a USD6.0 million increase to an existing bridging loan facility from Cedar Valley added funds on

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31 May 2018 12:02

Infrastructure India Secures USD4 Million Increase To Bridging Loan

LONDON (Alliance News) - Investment firm Infrastructure India PLC said Thursday it has agreed a USD4.0 million increase to an existing bridging loan facility from Cedar Valley Financial.The

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23 May 2018 15:07

Infrastructure India Secures USD2 Million Increase To Bridging Loan

LONDON (Alliance News) - Infrastructure India PLC said Wednesday it has agreed a USD2.0 million increase to its existing USD28.0 million unsecured bridging loan facility.The AIM-listed fund

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27 Apr 2018 13:58

Infrastructure India Sells Subsidiary To ReNew Power For GBP4 Million

LONDON (Alliance News) - Infrastructure India PLC on Friday said it agreed to sell its subsidiary, wind farm operator Indian Energy Ltd, to ReNew Power Services Private Ltd for GBP4.0 million in a

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24 Apr 2018 16:52

Infrastructure India Secures USD2 Million Increase To Bridging Loan

LONDON (Alliance News) - Infrastructure India PLC said Tuesday that it has agreed a USD2.0 million increase to its existing USD26.0 million unsecured bridging loan facility.The AIM-listed a

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16 Feb 2017 08:43

Infrastructure India Says Hit From Government Demonetisation Continues

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