Bharti Airtel, the leading telecom service provider in the country, has selected Alcatel Lucent to create Internet protocol (IP) access network, which will enable it to deliver faster mobile broÂadband services to its subsÂcribers.
Category: Infrastructure Finance
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Default rate at ten-year high of 3.4 per cent: CRISIL
Credit quality pressures have intensified for India’s corporates in 2011-12 (refers to financial year April 1 to March 31). Instances of default by CRISIL-rated entities increased to 188, the highest for any year.
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The Predictability Issue
There are many ways in which private developers and contractors can (and do) jeopardise their own balance sheets. But given that the private sector works on profits and viability, it depends on the government in PPP
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Traffic underperformance is key risk
As NHAI attracts yet another round of premium bids, a report says that toll road projects in first-year traffic was below projections by up to 45 per cent.
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Our infra lending will be cautious this year, based….
A ninety-three-year-old Union Bank of India just got a new head honcho. The genial CMD is a sleeves-rolled-up leader much of whose experience has been in operations, and will lead a lending portfolio of Rs 27,000 crore to infrastructure
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US infra mission coming to India
The US Commerce Secretary, John Bryson, has said that he would lead an infrastructure focused trade mission to India this month.Bryson would be travelling to New Delhi, Jaipur and Mumbai, during which the US mission would seem a greater American pie to the estimated $1 trillion investment that India is seeking in the infrastructure sector.
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Chinese finance
China Sunergy is willing to bring in investments into solar projects in India.The company, which supplied last year 45 mw worth of modules to two projects in Gujarat, is also interested in entering into strategic partnerships with Indian companies.The company is also seeking to bring investments into projects business to help clients overcome their financing barriers.
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SCCL to invest Rs 3,500 cr
Singareni Collieries Co (SCCL) has lined a capital expenditure programme of Rs 3,500 crore for the 12th Plan period to enhance its coal mining capacity from 52 million tonne to 57 million tonne.The miner has proposed an investment of Rs 2,000 crore, as part of its overall spending plans.
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ICICI with BoB, Citi to set up first IDF
ICICI Bank, Bank of Baroda and Citi Financial have joiÂned hands to form a nonbanking financial company (NBFC) in order to float the country’s first infrastructure development fund (IDF).While ICICI Bank and BoB will pick up 30 percent stake each, Citi Financial will have close to 30 percent.
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The waiting game
Should part of the blame in the aviation sector’s restrained growth and financial troubles go to the infrastructure around it? The long drawn-out development of smaller airports may offer real estate potential for private players, who may be eyeing that part of the non-aero revenues.