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
Post
Post
China bank to fund Indian infra
Just as the worldĂąâŹâąs largest bank in terms of profit, market capitaliĂÂsation, and customer deposits veĂÂntured into India last month with plans to fund the infraĂÂstructure sector, the Indian govĂÂernment also gave its nod to Indian comĂÂpanies to raise loans up to $1 billion in Chinese yuan.
Post
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.
Post
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.
Post
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.
Post
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.
Post
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.
Post
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.
Post
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 raĂÂtes to indigenous companies that enter the networks manufacturing space.
Post
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.