Foreign investors are showing strong interest in deploying capital on the Indian debt instruments as is evident from the recent auction of quotas to them. Foreign investors bid for quotas to invest in Rs 259.05 billion ($4.34 billion) worth of debt, while
only Rs 236.61 billion worth of debt was on offer, media repo
Author: admin (Infratructure Today)
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FIIs show interest in deploying capital
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Basel-III norms may require Rs 2.3 trillion additional capital for SBI
In order to meet the additional capital requirement under the Basel-III norms, State Bank of India (SBI) would need about Rs 230,000 crore up to 2018. This includes Rs 150,000 crore of tier-I capital and Rs 80,000 crore of tier-II capital, agency reports indicate.
It is learnt that SBI may raise some of the required capital through internal accruals and some part from the mark
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RBI steps may not rein in rupee weakness: economists
Some analysts feel that the recent moves by Reserve Bank of India (RBI) to arrest rupee depreciation may not be effective. It may be recalled that the central bank further tightened rupee liquidity by restricting the borrowing of banks under the daily liquidity adjustment facility (LAF)
to 0.
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Kalyani Forge mulls Rs 2 bn investment to upgrade unit
In the coming five years, Pune-based Kalyani Forge
would deploy around Rs 200 crore on upgrading its current facility and key areas of operations. The Pune-based maker of precision forgings would use part of the investment for low-cost automation to increase productivity. It is learnt that the firm has a lot of u
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Foreign firms eye refinery, LNG projects in India
According to media reports, British Gas and British Petroleum are interested to set up oil refineries and LNG terminals in India. It may be noted that recently, government allowed 100 per cent FDI in oil refineries throĆĀugh the automatic rouĆĀte and this removes the need for a foreign company to tie-up w
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Icra revises down economic growth forecast for FY14
The Indian economy may grow 0.40 percentage points lower at 5.4-5.6 per cent during 2013-14 compared to the earlier forecast, ratings agency Icra said. The agency revised down the economic growth estimate citing weak economic environment and rupee
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GAIL may import LNG at a landed cost of $10.5 per unit
According to sources from union oil ministry, the landed cost of the liquefied natural gas (LNG) to be sourced by the state-owned gas utility GAIL India from the US would be around $10.5 per mmBtu, based on the current Henry Hub price. Gas at US Henry, LA is currently traded at around $3.78 er mmBtu. In December 2011, GAIL entered into a pact with Houston-based Cheniere's Sabine Pass LNG terminal in w
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BPCL to deploy Rs 9 bn more on Kochi project
Prasad K Panicker, Executive Director of Bharat Petroleum Corporation (BPCL) Kochi Refinery informed that the firm would spend Rs 900 crore on a new LPG pipeline project and storage capacity project. While the state-run oil refiner would invest Rs 600 crore to set up a 229-km pipeline in Kochi Refinery, it would spend another Rs 300 crore at its Irumpanam unit to raise
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EPL to raise Rs 5 bn via bonds
Ennore Port (EPL) plans to raise only Rs 500 crore through tax-free bonds instead of the earlier plan of mopping up Rs 1,000 crore. This information was given by MA Bhaskarachar, Chairman and Managing Director of the country's first corporate port set up by the Government of India. The port originally planned to raise Rs 1,000 crore through tax-
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Chidambaranar Port loads record tonnage of salt
VO Chidambaranar Port Trust in Tuticorin, Tamil Nadu loaded the highest tonnage of 13,200 mn t salt in bulk in the vessel MV Great Gain. S Natarajan, Chairman of the major port said in a press release that this was the record handling of salt in bulk by the port in a single