Govt to Auction Bonds Worth Rs 360 Billion on May 2

29 Apr 2025 CW Team

The Government of India has announced the auction of two government securities worth a total of Rs 360 billion on May 2, 2025. The Reserve Bank of India (RBI) will conduct the sale of the re-issued “6.64% Government Security 2027” for Rs 60 billion and a new “Government Security 2035” for Rs 300 billion.

The auctions will be held using the multiple price method. The 2027 bond will be sold through a price-based auction, while the 2035 bond will go through a yield-based auction. Both auctions will be conducted by the RBI’s Mumbai Office at Fort.

The government also retains the option to accept an additional Rs 20 billion in subscriptions for each security, potentially raising the total issue size to Rs 400 billion.

As per the Scheme for Non-Competitive Bidding Facility, up to 5% of the notified amount will be reserved for eligible individuals and institutions. Non-competitive bids must be submitted between 10:30 a.m. and 11:00 a.m., while competitive bids will be accepted from 10:30 a.m. to 11:30 a.m. on the E-Kuber system.

Auction results will be announced the same day, May 2, and successful bidders must make payments by May 5, 2025.

Both securities will be eligible for “When Issued” trading, as per RBI guidelines issued on July 24, 2018.

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..