M Narendra, Chairman and Managing Director, Indian Overseas Bank, shares with Shashidhar Nanjundaiah the bank's experience in corporate lending and its plans to attract quality borrowing, and explains why infrastructure stocks have not performed to expectations.
Author: admin (Infratructure Today)
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Infra-Landmarks: Few and far between
The past 12 months have not belonged to infrastructure flag-offs. As the economy turned south in 2008-09, not as many infra projects as targeted were awarded, especially those in road, rail, port and energy; in most cases, the targets themselves took a heavy beating.
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Outokumpu: Indian infrastructure needs stainless steel
Durability, strength and low mainteÂnance costs are just some of the reasons that make stainless steel an ideal material for use in bridge construction.
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Macquarie SBI qualifies
Macquarie SBI Infrastructure Investment has qualified to participate in the construction of any highway project that costs up to Rs 9,200 crore.
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Flexituff plans IPO
Flexituff International plans to raise around Rs 100 crore through an initial public offering (IPO).
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RSMML to foray into CGD
Rajasthan government owned mining company Rajasthan State Mines and Minerals (RSMML) is firming up plans to foray into city gas distribution (CGD) business.
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GAIL's Bengal plans
GAIL India's proposal to invest in West Bengal will be submitted by the company after a few more meetings.
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AP to develop 4 new ports
Chief Minister N Kiran Kumar Reddy has asked the officials to speed up the process of developing four new ports.
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JSPL keen on Orissa port
Jindal Steel & Power has evinced interest in setting up a captive port in Ganjam district. It involves a capital cost of Rs 1,424 crore.
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Poor infra growth pulls down steel demand
The tapering demand from sectors such as power, infrastructure and real estate affected the demand for steel.