Reliance Power has received in-principle approval from the RBI for raising external commercial borrowings (ECB) of $2 billion for its 4,000 mw ultra mega power project at Tilaiya in Jharkhand.
Author: admin (Infratructure Today)
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New financing tool to boost infra funding
The government is likely to clear a new financing tool, which would help infrastructure project developers access funds at a cheaper rate based on a guarantee and also free funds for banks to lend to industry and retail borrowers.
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JNPT plans mega terminal
In a bid to raise its capaÂcity by 8-10 million TEUs, Jawaharlal Nehru Port Trust, India's largest container port, plans to build a mega terminal at Nhava Sheva.
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JSPL plans captive port in Orissa
Jindal Steel & Power (JSPL) has evinced interest on setting up a captive port in Ganjam district of Orissa.
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Next Railways Budget may not feature new projects
Burdened with Rs 2.5 lakh crore of projects stuck due to paucity of funds and other reaÂsons, the Indian Railways plans to give itself a 'plan holiday' in announcing new projects in 2012-13.
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SEBI's new takeover code
The Board meeting of SEBI held recently announced the new takeover code based on the report of the Takeover Regulations Advisory Com-miÂttee (TRAC) submitted earÂlier in July 2010.
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Pvt cos contribute 84% to power capacity addition
Projects funded by the private sector added 5,122 MW of more capacity in 2010-11, about 84 per cent of the target set by the commission, while power projects run by the Central government added only half of the targeted capacity.
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UMPP projects a huge draw
Tata Power, Larsen & Toubro, Adani and Vedanta are amÂong the 20 companies that have bid for the government's fifth ultra mega power project (UMPP) at Bedabahal in Orissa.
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Paradip coal berth project to begin in Sept
The work on coal and iron ore berths at the Paradip port, already delayed by two years, is expected to start in September.
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CIL to invest Rs 300 bn
Coal India (CIL) plans to invest about Rs 30,000 crore to augment its capacity over the next five years and the funds will be spent on new mining projects, washeries, machinery and equipment.