Exim Bank has received Rs 650 crore in capital infusion so far this fiscal from government and expects to get a similar sum in second half.
Author: admin (Infratructure Today)
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Rs.20,000-cr boost for SMEs
The Central Government announced a Rs 20,000-crore scheme for enhancing competitiveness of small and medium enterprises in the capital goods sector.
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SPML Infra to raise funds
SPML Infrastructure is evaluating options to raise funds by divesting stake in hydro power and road assets. It is also planning to raise up to Rs 1 billion through the QIP.
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IVRCL to sell assets to ease debt burden
IVRCL has put up Rs 4,000 crore worth of assets for sale in order to come out of debt burden in the next two years once the sale is successful. The assets for sale include road projects (both operational and under construction) and desalination plant in Chennai.
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MP to invest Rs.3,000 crore to develop 27 industrial parks
The Madhya Pradesh government plans to develop 27 new industrial parks for sectors like textiles, infotech tourism, and food processing among others at an investment of Rs 3,000 crore in a phased manner over the next five years.
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Odisha launches MSME fund
To promote micro, small and medium industries (MSME) in the state, the Odisha govern¡ment has launched a venture capital fund worth Rs 100 crore.
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Crude oil output falls in Aug 2014
India´s crude oil refinery output declined 4.3 per cent to 18.55 million tonne (mt) in August 2014, continuing the downfall for the fifth straight month.
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Petrobras, ONGC strike gas in Brazil
Brazil´s state-run oil company Petroleo Brasileiro SA (Petrobras) discovered natural gas in a well being drilled to help measure the potential of a giant Brazilian offshore find.
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Coal imports to jump 65MT
The annual coal imports of the country could jump by about one-third to more than 200 million tonne (MT)
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Biggest underground mine to open
India´s second-largest coal producer Singareni Collieries will open the country´s biggest underground mine this month with a capacity of 2.8 million tonne per year, which should help the firm edge past its output target for this fiscal year.