So far in 2013, Indian companies raised $4 billion by issuing bonds in the international market in order to take advantage of lower interest rate compared with the domestic bond market. According analysts, India Inc may continue to tap the overseas bond market in order to meet their funding requ
Author: admin (Infratructure Today)
Post
Post
Bank credit rises faster than deposit
Bank credit rose Rs 103,318 crore during January 1 to February 22, more than deposit growth of Rs 88,062 crore, data from Reserve Bank of India (RBI) shows. The incremental credit-deposit ratio is at 117 per cent, clearly pointing to the pressure in the banking system to garner resources. During the fortnight ending February 22, bank credit grew Rs 26,200 crore, while deposits declined Rs 9,200 crore
Post
Grameen Koota receives equity funding of Rs 53.20 cr
Investment management firm Creation Investments, along with some other firms, provided equity capital of Rs 53.20 crore to the Bangalore-based microfinance institute Grameen Financial Services, popularly known as Grameen Koota. Other firms that provided the funding include specialised fund management company Incofin and social venture capital fund
Post
JSPL to raise capacity of Angul plant by 4 mn t
Jindal Steel and Power (JSPL) plans to raise the capacity of its steel plant at Angul in coastal Odisha by 4 million tonne (mn t) in the second phase and is working to secure funding for the project. The company is considering 60:40 debt debt-equity ratio for the 4 mn t expansion. But it is not known how much would be the capital expenditure on the second phas
Post
Tata Steel may raise funds from abroad for steel project
In order to fund its Rs 35,000 crore steel plant project in Odisha and also to reduce its debt, Tata Steel plans to raise $1 bn through issue of bonds in the international market by the end of March. The firm plans to raise fund through global bond issue because this may turn out to be a cheaper option for the expa
Post
Global oil firms in race for stake in Mozambique block
Global oil and gas explorers like PetroChina, Exxon Mobil Corp, Royal Dutch Shell PLC are reportedly in the race for a 20 per cent stake in a Mozambique gas field co-owned by Anadarko Petroleum Corp and Videocon Chairman Venugopal Dhoot. An information memorandum on the sale was sent to potential bidders in early February and the first round bids are due on March 14, reports
Post
Kolkata Port’s Rs 17 bn project fails to attract pvt players
Kolkata Port Trust (KoPT) did not receive must response from private players for its proposed Rs 1,700-crore project to build 4 berths at Salukhali. The company planned to execute the project under Public Private Partnership (PPP) model and had floated tender inviting Request for Proposal (RFP) from private play
Post
Krishnapatnam Port to set up new berths
Krishnapatnam Port Company (KPCL) is in the process of increasing the number of berths to almost 20 in the north, south and west side of the ports in the next two to three yearĂâs time. The promoters have invested close to Rs 5,000 crore in creating 10 multi-purpose berths including two for containers in KPCL. However, the plan is to have 42 berths in 5 yearĂâs time, sources from the port
Post
APM Terminals handles record containers in Feb
APM Terminals Pipavav set a record of handling 250 box rakes (both import and export) in February 2013, more than 224 box rakes handled in December 2012. The port management attributed this record to the commissioning of its 3 RMGC and the resumption of double stack operations besides the continued dedication of its workforce
Post
Ennore Port to award terminal project soon
MA Bhaskarachar, CMD of Ennore Port informed that the port authority may award contract for its proposed container terminal project soon. The project has been divided into three phases and the first phase is expected to cost 1,400 crore. Recently, the port received 11 expressions of interest (EoI) from private port companies for the proje