Some analysts expect the loan book of SKS Microfinance to double to Rs 3,000 crore by the end of 2013-14 from Rs 1,500 crore levels in 2012-13 even in the absence of fresh lending in Andhra Pradesh. The loan book of the company is expected to double on the back of its geographical expansion. The company has increased its presence in states such as UP, Rajasthan, Gujarat, amongst others and this may drive growth
Author: admin (Infratructure Today)
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Loan book of SKS may double in 2013-14
Some analysts expect the loan book of SKS Microfinance to double to Rs 3,000 crore by the end of 2013-14 from Rs 1,500 crore levels in 2012-13 even in the absence of fresh lending in Andhra Pradesh. The loan book of the company is expected to double on the back of its geographical expansion. The company has increased its presence in states such as UP, Rajasthan, Gujarat, amongst others and this may drive growth
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Govt may ask existing contractors to explore shale gas
The government would unveil shale gas policy in the next few weeks, Union Petroleum Minister Veerappa Moily informed. According to Petroleum Secretary Vivek Rae, the government may ask contractors of the existing 254 blocks, awarded under various licensing rounds, to consider shale gas exploration
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GAIL aims transmission of 110 mmscmd of gas in FY14
According to a company statement, state-owned gas utility GAIL India agreed to aim transmission of 110 million standard cubic meter per day of natural gas through its pipeline network in 2013-14. The company aims to sell 84.05 mmscmd of gas during the year, according to the performance memorandum of understanding (MoU) signed by the company with the government
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OMCs to get Rs 25K cr additional cash subsidy
The Union government will pay Rs 25,000 crore additional cash subsidy to the government-owned fuel retailers to cover for the revenue they lost on selling auto and cooking fuel below cost this fiscal. The Finance Ministry has so far provided Rs 55,000 crore to Indian Oil Corporation (IOC), Bharat Petroleum Corp (BPCL) and Hindustan Petroleum Corp (HPCL) to cover for part of the revenue they lost on selling diesel, domestic LPG and kerosene at government controlled rates which are below the cost.
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ONGC’s contractors to get international price
Reports indicate that the state-run explorer ONGC would pay international price for crude oil produced from its marginal fields to the service contractors. ONGC, which holds about 165 marginal fields (offshore and onshore), enters into service contracts with companies having expertise in developing these fields through a bidding process
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ONGC’s contractors to get international price
Reports indicate that the state-run explorer ONGC would pay international price for crude oil produced from its marginal fields to the service contractors. ONGC, which holds about 165 marginal fields (offshore and onshore), enters into service contracts with companies having expertise in developing these fields through a bidding process
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Gas price pooling may benefit power plants
According to industry sources, the cost of electricity would be less than Rs 6 a kWh if the price of imported natural gas is pooled with that of the domestic one. Further, gas price pooling would enable power companies to run their units at 50 per cent plant load factor, sources informed. Sources feel that the gas price pooling mechanism for power sector, if implemented, would result in a price of les
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Govt may spare LPG from export-parity pricing
Media reports indicate that the government may spare domestic cooking gas from the trade-parity pricing methodology that it proposes to adopt for calculating under-recoveries on fuel products. Thus, the government would calculate under-recoveries incurred by state-run oil marketing companies (OMCs) based on export parity price for diese
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Rs 1,800 cr worth 3 projects to come up in Vizag port
In Visakhapatnam port, three major projects, with an investment of Rs 1,800 crore, are being taken up and the finalisation of bids for the same is being undertaken this week. The bids for extension of container terminal, involving an investment of Rs 633 crore, were opened on March 27. The bids for mechanisation and upgradation of existing facilities at iron ore handling complex (OHC) and West Quay North (WQ-7 and 8 berths) were scheduled to be opened on March 28.