The Essar Group has achieved financial closure for the $1.8 billion Minnesota Mining project making some headway six years after the asset was acquired. The group has raised $450 million from a clutch of New York based funds to fund the expansion of the mine.
Category: Infrastructure Finance
Post
Post
Vizhinjam project gets Centre´s VGF
The proposed Vizhinjam deepwater port and international transhipment terminal in Kerala has become the first to be granted viability gap funding (VGF) by the Centre. A decision to this effect was taken at a meeting of an empowered panel under the Union Finance Ministry recently.
Post
Injecting Hope
A slew of measures to infuse the much-needed cash-flow into the infrastructure sector have been introduced to push growth. And Rs 8 lakh crore of equity is likely to find its way soon in the sector enriching the fund pool. However, missing links like deepening the bond market in the country
Post
¨Bond market will see a face-lift in the near term¨
In an exclusive interview, Rajiv Lall, Chairman, IDFC says that the infrastructure sector is a complex industry and infra funding is an even more complex activity. I agree that that these alternate modes of finance are needed to see some momentum but modes such as infrastructure
Post
India has the capacity to fund projects more than Rs.1 lakh crore annually
In a candid interview, finance veteran Arun Purwar, Chairman of IndiaVenture Advisors Pvt Ltd & PHL Finance, suggests that since the bond market is deep enough to take care of funding requirements of infrastructure projects, the government must encourage infrastructure fund raising through the bonds.
Post
´Invest in India´
India has invited countries like the UK, Norway and Greece to invest in ambitious projects and proposals unveiled by the new government to boost the economy.
Post
Exim Bank gets Rs.650-crore
Exim Bank has received Rs 650 crore in capital infusion so far this fiscal from government and expects to get a similar sum in second half.
Post
Rs.20,000-cr boost for SMEs
The Central Government announced a Rs 20,000-crore scheme for enhancing competitiveness of small and medium enterprises in the capital goods sector.
Post
SPML Infra to raise funds
SPML Infrastructure is evaluating options to raise funds by divesting stake in hydro power and road assets. It is also planning to raise up to Rs 1 billion through the QIP.
Post
Odisha launches MSME fund
To promote micro, small and medium industries (MSME) in the state, the Odisha govern¡ment has launched a venture capital fund worth Rs 100 crore.