Hindsight: The rising interest rate is a grave concern for infrastructure companies. The beleaguered funding situation have seen a number of projects already been put on hold in the planning stage itself.
Category: Infrastructure Finance
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Taking stock: Domino effect – Too late to stop?
Is the worst over for infrastructure? The fact that this question lingers is perhaps testimony to the uncertainty that prevails. Unrealistic bids, bureaucratic slowdown, social groundswell, coal scam, mining scam ... the list of factors that has created seemingly unstoppable negativity seems daunting. The government mainly the Prime Minister´s Office had to repeatedly intervene to address frustratingly sticky problems confronting the infrastructure sector.
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Infra sector will regain momentum only in medium-to-long term
It seems controllable and uncontrollable factors have converged on the infrastructure sector, causing lenders and investors to step back in their plans. Ranjit Manjarekar, COO Infrastructure Finance, Tata Capital, tells Infrastructure Today that lack of visibility of returns, stemming from uncertainties, is a big dampener, but tells us how his firm is manoeuvring around the roadblocks to identify the right segments to go after.
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India, UAE sign pact to boost investments
A Bilateral Investment Promotion and Protection Agreement (BIPPA) between the Government of India and the Government of UAE was formally signed in Delhi recently. The agreement was signed by Namo Narain Meena, Minister of State (E and FS), on behalf of Government of India and Obaid Humaid Al Tayer, Minister of State for Financial Affairs of UAE on behalf of Government of UAE.
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India, UAE sign pact to boost investments
A Bilateral Investment Promotion and Protection Agreement (BIPPA) between the Government of India and the Government of UAE was formally signed in Delhi recently. The agreement was signed by Namo Narain Meena, Minister of State (E and FS), on behalf of Government of India and Obaid Humaid Al Tayer, Minister of State for Financial Affairs of UAE on behalf of Government of UAE.
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UP expects Rs.42,000 cr investment Under the proposed
Eastern Dedicated Freight Corridor (EDFC), the Uttar Pradesh government is expecting Rs 42,000 crore investment into the state. In the state, almost 57 per cent of the EDFC measuring 1,049 km would traverse across 18 districts, bringing a lot of industrial benefits for the state. The government said that the proposed alignment of 1,840 km EDFC, starting from Punjab, traverses UP via Khurja and ends at Dankuni in West Bengal.
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SEFC to raise Rs.200 cr
From private equity (PE) investors, Shriram Equipment Finance Company (SEFC) is mulling to raise about Rs 150-200 crore and rope in strategic investors.
SEFC is a subsidiary of Shriram Transport Finance Corporation, which has an asset base of about Rs 56,000 crore. The company expects to grow at a compounded annual rate of 15 per cent and require Rs 150-200 crore, the company said.
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Petronets Dahej terminal to get $150 mn ADB loan
To enable Petronet LNG to increase its terminal capacity in Gujarat, the Asian Development Bank (ADB) is to provide a $150 million loan. ADB said that the expanded terminal will help India move towards its target of greater natural gas use and enhancing its energy security and shifting to cleaner forms of energy.
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Relax ECB norms for infra NBFCs
2013 has been a bad year for infrastructure sector. Certain sectors like roads & highways have been hit hard in particular. Though power sector has been growing, it must be kept in mind that while coal continues to account for almost 60 per cent of power production in India
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Govt’s aid to be continued to KoPT’s dredging
The Union government has agreed recently for a proposal to extend financial assistance to Kolkata Port Trust (KoPT) to meet the dredging expenditure incurred for maintenance of the river and channel.