FICCI’s infrastructure summit in New Delhi, marked by large participation from all sectors, did not witness remarkable announcements, but for the reiteration that infrastructure is likely to miss the 11th Plan target by more than 10 percent.How do we make banks’ infrastructure lending more long term with less mismatches? Well, create solutions outside bbanks, says Planning Commission’s high profile Deputy Chairman Montek Singh Ahluwalia. Inaugurating the India Infrastructure Summit 2011
Category: Infrastructure Finance
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Banks' alternative to infra lending: Good step, but…
Finally, banks can get completely rid of their limits imposed by asset-liability mismatch (ALM). Although schemes like take out financing exist and there have been numerous attempts to revive the corporate bond market, most of the schemes and efforts seem to have gone in vain.
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20 bidders for Orissa's UMPP
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.
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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.