Exim Bank will soon set up a Project Development Company (PDC) in association with the African Development Bank, a multilateral institution for 55 African countries. According to David Rasquinha, Executive Director, Exim Bank
Author: admin (Infratructure Today)
Post
Post
JICA loan to Uttarakhand forest project
The Japan International Cooperation Agency (JICA) has approved a loan of about Rs 674 crore for a forest project in Uttarakhand. The loan at a concessional interest rate of 0.30 per cent carries a repayment period of 40 years with a grace period of 10 years.
Post
SBI inks deal with Reliance Money Infra
State Bank of India (SBI) has signed up Reliance Money Infrastructure (RMIL), an Anil Ambani Group company, in a 'business correspondent' deal to source a range of banking services.
Post
Shriram Capital eyes more acquisitions
Shriram Capital is looking at a possible shift in strategy in favour of more acquisitions to expand its businesses. Apart from the acquisitions, Shriram will also focus on entering newer businesses which may be aligned to the current ones
Post
WB loan for rail corridor
The World Bank has sanctioned a loan of $1,100 million for the construction of a 393-km double line on the Mughalsarai-Bhaupur section of the Eastern Dedicated Freight Corridor project.
Post
IDFC Q4 profit dips 51 per cent
IDFC saw its fourth quarter consolidated net profit drop 51 per cent as income remained largely flat and expenses almost doubled. In the January-March period, the infrastructure finance company posted a net profit of Rs 258 crore against Rs 526 crore,
Post
MoS to launch new port projects worth Rs 13,700 cr
The Ministry of Shipping (MoS) has drawn up another ambitious aim to award over 35 ventures worth over Rs 13,700 crore and plans to add about 259 million tonne (mt) capacity this year.
Post
Thermal coal cargo throughput at major ports up
The country's major ports saw 22 per cent jump in imported thermal coal cargo at 71.60 million tonne (mt) in 2013. Handling of coking coal, which is used mainly for steel-making, witnessed an 18.26 per cent increase
Post
PPT sets new record
The Paradip Port Trust (PPT) set a new record in crude oil cargo discharging. MT Spartan Warrior, a crude oil tanker, discharged 1.96 lakh metric tonne of crude oil at the Single Point Mooring (SPM)-2 in less than 24 hours surpassing the previous record of
Post
Jebel Ali wins Port of the Year award
The world-class services and facilities of DP World's flagship Jebel Ali Port have once again been recognised at the annual Supply Chain and Transport Awards (SCATA) 2014. For the sixth year, the 'Shipping Port of the Year' has been awarded to Jebel Ali Port.