Defence major Hindustan Aeronautics (HAL) on April 1 reported a turnover of Rs 14,316 crore for the financial year 2012-13, with a profit before tax of Rs 3,471 crore.
Announcing the provisional figures in Bangalore, the company declared an interim dividend to the tune of Rs 823 crore, 683 per cent of equity base of Rs 120.50 crore. The company said its performance is expected to earn it the 'excellent' score under the MoU with Government of India for the year.
Category: Infrastructure Finance
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HAL reports a turnover of Rs 14,316 cr for FY13
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Govt clears Rs 732.77 cr FDI proposals
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on March 6, 2013, the government cleared six proposals of Foreign Direct Investment (FDI) amounting to Rs 732.77 crore approximately. The proposal includes the plan of Navayuga Road Projects , Hyderabad to act as an investing company and to m
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NHB issues Rs 6.4 bn worth tax-free bonds
RV Verma, Chairman and Managing Director of National Housing Bank (NHB) issued tax-free bonds worth Rs 644 crore NHB was authorized to raise Rs 5,000 crore through tax free bonds during 2012-13. It had room to mobilise upto Rs 3,750 crore through the recently concluded public issue. Verma informed that the company could have mopped up more funds through this route had it not been
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External debt expands 8.9% between March and December 2012
A government statement showed that the country's total external debt rose $30.8 billion or 8.9 percent to $376.3 billion as of December 31, 2012 from $345.5 billion at end-March 2012. The rise in the external debt is attributed to long-term and short-term components of debt. While trade related credits increased short-term debt of the country, long-term debt rose mainly on account of NRI deposits and c
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Strategic sale route to have key implications in PE industry
Some experts feel that the private transaction or strategic sale route for the exit of private equity (PE) investors will have important implication in the PE industry. It is transforming the very nature of private equity business in India, reports suggest. PE investors can exit their investment in an unlisted company through several routes, the prominent among them being the Initial Public Offering (IPO) route and the priva
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Project finance: Time for calculating the risks
Employing probabilistic risk models could provide an objective basis of evaluating and tracking risks as they wax and wane through the project stages. Infrastructure projects are all about taking calculated risks, but before taking the risks, one needs to calculate them well,
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Roads: Opportunity for new players?
The need of the hour is positive policy making from government while private sector should contribute by innovation and informed risk taking,
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At the helm of CSDC
Ajit Gulabchand, Chairman and Managing Director of Hindustan Construction Company (HCC), has been appointed Chairman of the Construction Skills Development Council (CSDC), the Sector Skill Council for the construction sector approved by the National Skill Development Corporation,
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Beyond finance
Finance was probably in his genes as his grandfather was one of the first CAs in South India and his uncle was also a CA. A normal middle class boy born in a small town in Andhra Pradesh, Devatha Prasad became the head of finance of Essar Projects Business Group.
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Finance Minister’s target said to be unrealistic
Industry watchers feel that the target for project implementation given by Finance Minister P Chidambaram to the shipping ministry for 2012-13 is unrealistic. The finance ministry gave a target of achieving a total investment of Rs 35,000 crore and a capacity addition of 244 million tonne during the year. The shipping ministry has managed to achieve 18 per cent of the targeted inves