Tamil Nadu ranks number two with a share of over 20 per cent in total road projects under operation in the public-private partnership (PPP) model as of August, 2012.
Author: admin (Infratructure Today)
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Bauxite shortage to halt operation in Lanjigarh refinery
Media reports quoted a top executive of Vedanta Aluminium (VAL) as saying that the company is forced to shut down its one-million-tonne (mn t) alumina refinery in Odisha because of shortage of bauxite. The company had issued a three-month advance notice in September to close the refinery, as it had no bauxite stock to run the plant beyond the deadline. Meanwhile, the state steel & mines Minister Rajani Kant Singh
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Bauxite shortage to halt operation in Lanjigarh refinery
Media reports quoted a top executive of Vedanta Aluminium (VAL) as saying that the company is forced to shut down its one-million-tonne (mn t) alumina refinery in Odisha because of shortage of bauxite. The company had issued a three-month advance notice in September to close the refinery, as it had no bauxite stock to run the plant beyond the deadline. Meanwhile, the state steel & mines Minister Rajani Kant Singh
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Srei Infra to launch $500 mn infra debt fund
Hemant Kanoria, Chairman and Managing Director of Srei Infrastructure Finance informed that the firm would raise $500 million through its infrastructure debt fund. Srei would deploy the funds on the sub sectors which provide good regulatory clarity like toll roads, power transmission etc. The company would launch the fund through the MF route
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Srei Infra to launch $500 mn infra debt fund
Hemant Kanoria, Chairman and Managing Director of Srei Infrastructure Finance informed that the firm would raise $500 million through its infrastructure debt fund. Srei would deploy the funds on the sub sectors which provide good regulatory clarity like toll roads, power transmission etc. The company would launch the fund through the MF route
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Bankers to take final call on debt recast for Suzlon
Reports indicate that lenders of the debt-ridden Suzlon Energy may meet soon to take a final call on the corporate debt restructuring (CDR) exercise. Suzlon has asked bankers to provide the company with fresh loans of Rs 2,000 crore to meet payment requirements, Rs 3,000 crore as a working capital loan and a
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Bankers to take final call on debt recast for Suzlon
Reports indicate that lenders of the debt-ridden Suzlon Energy may meet soon to take a final call on the corporate debt restructuring (CDR) exercise. Suzlon has asked bankers to provide the company with fresh loans of Rs 2,000 crore to meet payment requirements, Rs 3,000 crore as a working capital loan and a
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MBL to tie up funds for Rs 5 bn highway project
A recent report by CRISIL Research shows that MBL Infrastructures (MBL) may attain financial closure for its over Rs 500 crore Bikaner–Suratgarh highway widening project during Jan-Mar 2013. The company was earlier awarded the project for Developing and Operation of Bikaner–Suratgarh Section of NH–15 in Rajasthan by the state government. The project has been awarded to the consortium led by MBL
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MBL to tie up funds for Rs 5 bn highway project
A recent report by CRISIL Research shows that MBL Infrastructures (MBL) may attain financial closure for its over Rs 500 crore Bikaner–Suratgarh highway widening project during Jan-Mar 2013. The company was earlier awarded the project for Developing and Operation of Bikaner–Suratgarh Section of NH–15 in Rajasthan by the state government. The project has been awarded to the consortium led by MBL
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Govt to decide on funding for state-run banks
Financial Services Secretary DK Mittal informed that the government would soon decide on allocation of funding to boost the capital base of public sector banks. He also said that boards of each of the banks that need capital would have to decide whether they want to infuse capital through a rights issue. Leading public sector banks that need capital infusion are
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