All the 20 power companies, including Tatas, NTPC and Lanco, which had submitted bids for the 4,000 MW ultra mega power project (UMPP) in Orissa are believed to have qualified for the second round, which starts in October.
Category: Infrastructure Finance
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China bank to fund Indian infra
Just as the world’s largest bank in terms of profit, market capitaliÂsation, and customer deposits veÂntured into India last month with plans to fund the infraÂstructure sector, the Indian govÂernment also gave its nod to Indian comÂpanies to raise loans up to $1 billion in Chinese yuan.
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Banks to offload infra portfolio to IIFCL
The government will ask banks to sell their infrastructure portfolio to state-run Indian Infrastructure Finance Company (IIFCL) to free up funds and reviving a crucial scheme for long-gestation projects.
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Negative VGF: A new angle in confidence?
Roads Minister CP Joshi recently remarked that the success of NVGF bids reaffirms the confidence of developers in the efforts taken by the government in the highways sector, and that investors see prospects in the road sector.
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Reasonably bid projects have an easier funding chance
Satish Mandhana, Managing Partner, IDFC Private Equity, reminds us of some basics of how finance companies evaluate NVGF projects, and denies that they are looked at any differently from VGF projects.
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Orissa's PMGSY fund spend
The Orissa government has utilised 95.29 per cent of the funds received under the Centrally sponsored Pradhan Mantri Grameen Sadak Yojana (PMGSY) till July-end.
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ADB loan to Railways
The Asian Development Bank (ADB) would extend loans of up to $500 million to Indian Railways to improve services along some of the busiest freight and passenger routes.
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GSPC, Adanis in LNG venture
Gujarat State Petroleum Corporation (GSPC) and the Adani Group will develop an LNG import terminal at Mundra, at an estimated investment of Rs 4,000 crore.
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DoT plans fund for domestic companies
The telecom department plans to set up a Rs 10,000-crore fund that will provide loans at
5 per cent interest raÂtes to indigenous companies that enter the networks manufacturing space.
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Railways plans Rs 50,000 cr pvt investment
Indian Railways aims to attract private investments worth Rs 50,000 crore for its expansion projects during the 12th Five Year Plan period.