So far in 2012-13, SKS Microfinance clinched five securitisation deals aggregating to Rs 411 crore with banks. The fifth one was a Rs 52.62 crore securitization deal that the bank entered into recently with a private sector bank and which is rated A1 {SO). Meanwhile, it may be noted that the company announced a net profit of Rs 1.2 crore during October-December 2012, after suffering losses in seven consecutive qua
Author: admin (Infratructure Today)
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Operating cost of JSW Steel seen under pressure
Analysts expect the operation cost of JSW Steel to have remained under pressure in Oct-Dec 2012 as it is forced to source raw material at higher cost on the back of iron ore shortage and mining ban in Goa and Karnataka. Analysts also expect the company to suffer from weak pricing power owing to subdued demand in Oct-Nov and this they expect to show up in its earnings for Oct-Dec 2012
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Govt wants JSPL to sign PPA for extending MoU
Odisha government wants Jindal Steel and Power (JSPL) to sign power purchase agreement (PPA) with Gridco in order to be eligible for extension of its memorandum of understanding (MoU). It may be recalled that JSPL had signed MoU with the government in 2009 for a 1,320 mw coal-fired plant at Boin
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Fimi wants uniform freight rates
Federation of Indian Mineral Industries (Fimi) wants the railways to charge uniform freight rates on iron ore. It is learnt that the the railways increased freight nine times between February 2010 and March 2012. Today, it is about four times the domestic freight for iron ore (Rs 2,600 a tonne
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NMDC plans to ramp up ouput
During Jan-Mar 2013, NMDC plans to increase its iron ore production in order to make for the shortage of output in the Apr-Dec 2012 period. Between Apr-Dec 2012, the firm produced 175.56 lakh tonne, which is down from 202.79 lakh tonne a year ago.
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Govt gets request for payment of Rs 500 bn subsidy
Government received a written request from the state-run oil marketing companies (OMCs) to pay Rs 25,000 crore for the first six months and Rs 25,000 crore for the third quarter of 2012-13. The compensation is towards the under-recovery incurred by the OMCs during the year for selling petroleum products below cost. So far, the companies have
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Oil ministry proposes to adopt new gas price formula
Media reports suggest that the union petroleum ministry wants the government to adopt the pricing formula for natural gas proposed by the Rangarajan Committee. Specifically, the ministry wants the pricing formula to apply to all forms of natural gas - conventional, shale and coal-bed methane (CBM). Also, the ministry prop
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Ministry sends plan to set up Rs 43 bm LNG project
Union shipping ministry has reportedly sent a proposal to set up a Rs 4,320-crore integrated liquefied natural gas (LNG) terminal at Ennore, near Chennai to the cabinet for approval. It may be learnt that the project was approved by the shipping ministry recently. Indian Oil Corporation, which plans to construct the terminal, would receive a letter of award from the Ennore Port once the cabinet clears the proposal. Tamil Nadu
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Cargo handling project to be awarded soon
In another one month, Kolkata Port Trust (KoPT) plans to award the contract for mechanised dry bulk cargo handling operations at berths 2 and 8 of Haldia docks to new concessionaires. The port authority is in the process of re-tendering the contract after the exit of ABG-LDA promoted Haldia Bulk
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J&K govt cracks whip on road building firms for delays
Jammu and Kashmir Minister for Roads and Buildings Abdul Majid Wani on January 24 has cracked whip on construction agencies in the state. The Minister said that cost overruns due to undue and unnecessary delays in works shall have to be their exclusive liability.