Power Finance Corporation (PFC) will raise $250 million through external commercial borrowing (ECB), looking at expanding its portfolio by funding coal mining projects overseas.
Author: admin (Infratructure Today)
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Empee to invest Rs 6,500 cr
With an investment of Rs 6,500 crore, Chennai-based Empee Group of Companies is planning to set up a mega thermal power project of up to 1,320 mw in Tamil Nadu.
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NHPC to invest Rs 4,000 cr
To develop hydro power projects, NHPC will invest Rs 4,000 crore in the current fiscal. NHPC targets to commission four projects totalling about 1,200
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Rs 3 tn by 2020 in port sector
Union Shipping Ministry last year unveiled a new policy for the sector that entails an investment of Rs 3 lakh crore by 2020 to take Indian ports
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Ramky to raise Rs 700 cr
Ramky Infrastructure is evaluating options for raising funds for its key build-operate-transfer (BOT) road projects. Though the quantum is yet to be determined, the company would
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LIC, IL&FS propose $2 bn infra fund
Life Insurance Corporation of India (LIC) plans to hold 10 per cent stake in the proposed $2 billion infrastructure debt fund (IDF) that it would set up in coordination with IL&FS.
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Orissa to seek Rs 13 bn from Nabard for rural projects
Under the18th tranche of Rural Infrastructure Development Fund (RIDF), Orissa government may seek Rs 1,300 crore from National Bank for Agriculture & Rural Development (Nabard).
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Infra investment may rise to 10 per cent of GDP
In 2011-12, infrastructure investment as a share of GDP was approximately 8 per cent and it is expected to rise to 10 per cent of GDP over the next five years, experts opined.
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REC to raise Rs 30,000 crore
Through tax-free bonds and foreign convertible bonds, the Rural Electrification Corp (REC) will raise Rs 30,000 crore in the current financial year.
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Vision India's logistic park
Vision India plans to begin construction work on the proposed Rs 50-crorelogistics park project in Chennai by 2012. The company is expected to sign a memorandum of understanding