Aditya Birla Financial Services (ABFS)is foraying into infrastructure financing. The new firm will have an operational structure similar to IDFC.
Category: Infrastructure Finance
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India to attract $80 bn FDI
India could attract $80 billion in foreign direct investment (FDI) in the coming two years, according to a research report by Morgan Stanley. India received $48-billion FDI in the last two years.
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Macquarie, SBI plan new infra fund
Macquarie Group and State Bank of India are drawing up plans to raise $1 billion to $1.5 billion for their second fund to invest in infrastructure assets and companies in India, according to sources.
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IIFCL becomes non-banking finance firm
The Reserve Bank of India (RBI) will now regulate India Infrastructure Finance Company (IIFCL). The Union Cabinet approved a proposal in this regard.
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WB shows interest in MTHL
Mumbai Metropolitan Region's 22 km long Mumbai Trans Harbour Link (MTHL) project got a major financial boost when World Bank (WB) showed keen interest in funding the Rs 8,311-crore project.
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India to invite Chinese investments in roads
To attract foreign investment in its building programme, India is likely to invite Chinese investors to participate in the country's mega road projects, each entailing an investment of about Rs 4,900 crore ($1 billion).
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Haryana awards 151-km long corridor
The Haryana government has awarded 151-km long North-South Corridor in the state on a design, build, finance, operate and transfer (DBFOT) pattern.
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CPCL plan hits CRZ roadblock
The Environment Ministry has refused the Coastal Regulatory Zone (CRZ) clearance to Chennai Petroleum Corporation's (CPCL) crude pipeline project, citing threat to habitation.
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Rs 6.5 lakh cr investment by 2017
The Department of Telecom (DoT) has projected an investment of Rs 6,50,000 crore in the sector in the next five years.
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SPV to build broadband network
A special purpose vehicle (SPV) with equity participation from BSNL, MTNL and other public sector units such as RailTel, Gail and PowerGrid, amoÂng others, will undertake the 20,000-crore project to build a national broadÂÂband network to take high-speed internet to the hinterlands.