The NDA Government has allotted Rs 1006.64 as equity for the Phase III project of Delhi metro in the Union Budget recently, reflecting a hike of 22 percent with over Rs 4,200 crore being allotted to it.
Category: Infrastructure Finance
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Govt allocates funds for Pune Metro
The Union Government has a plan outlay of Rs 126.58 crore, equity of Rs 70.38 crore and loans of Rs 56.20 crore for the Pune Metro rail in the 2015-16 budget.
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Ease of doing business in India has assumed priority
Generally, projects that are bankable do not face problems in obtaining financing. Of course, there are issues relating to the sector exposure, promoter commitments, etc. But these are exogenous to issues of bankability and will need to be dealt with separately at a macro level.
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First international finance centre
All financial market regulators have agreed to lay down the rules to enable India´s first international finance centre to take off in Gujarat by April.
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BMC to get funds for coastal road
The Brihanmumbai Municipal Corporation (BMC) may finally get financial provisions for two of its ambitious projects i.e., the coastal road and the Gargai-Pinjal water supply project.
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5/25 scheme may benefit projects with stable cash flows
We must understand project finance in the traditional sense. Project finance works only when all material approvals for a particular project are in place and the same is then handed over to a successful bidder like the bidding for UMPP was done in India. The bidder can then straightaway proceed for financial closure. This will ensure there are no time and cost over-runs on account of delay in approvals.
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Govt seeks $137m from ADB for J&K
The Centre has signed agreements with the Asian Development Bank (ADB) for grants worth $136.8 million for infrastructure development in Jammu & Kashmir.
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Viom to invest Rs.150 crore in tower expansion
Viom Networks Ltd is looking to add 1,000-1,500 mobile towers over the next one year at an investment of Rs 150 core (or between Rs 12 lakh and Rs 15 lakh a tower).
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HUL sells iconic headquarters
India´s largest consumer goods company Hindustan Unilever has sold its erstwhile headquarters Lever House at Churchgate in south Mumbai to its current tenant, Housing Development Finance Corporation, for around Rs 300 crore.
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Infra sector needs alternative sources of finance
Infrastructure is one of the top priorities for the Indian government. The right policy framework will give confidence to both domestic and international investors and create a competitive environment to deliver cost-effective services to end-users.