India needs funds for its infrastructure projects, but banks are overexposed to this sector. Miguel Gutiérrez explores some remedies.
Category: Uncategorized
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IOC to raise $900 million overseas debt
Indian Oil Corporation will raise $1.65 billion debt in overseas market in the current financial year. The company will raise $900 million through external commercial borrowings to replace short-term costlier loan while another $750 million will be raised over the financial year, its Director Finance, PK Goyal said.
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Bucking the trend
The period 2013-14 was a time of consolidation for the infrastructure sector. With the markets looking up, many infrastructure stocks have also had a good run. But do the fundamentals justify the euphoria surrounding these scrips?
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RailQ crane runway rail survey
Cranes should travel or track along their runway rails with a minimum of skew and without binding. Improper tracking leads to premature wheel and rail wear, resulting in costly repairs and downtime as well as inefficient and sub-optimal crane operation.
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BHEL commissions 160 MW power plant in Rajasthan
Bharat Heavy Electricals Ltd (BHEL) has commissioned a 160-MW gas-based power plant at Jaisalmer in Rajasthan for the state's power generation company. Rajasthan Rajya Vidyut Utpadan Nigam Ltd (RRVUNL
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RIL gets two blocks in Myanmar
The Ministry of Energy (MOE) of the Republic of the Myanmar selected Reliance Industries (RIL) for two offshore blocks (M17 and M18) in Myanmar Offshore Block Bidding Round 2013. Both the blocks are located offshore in the Moattama basin of Myanmar in water depths up to 3,000 ft and together encompass an area of 27,600 sq km.
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Lack of rail link
CIL said it is unable to tap the potential for supplying 300 million tonne of additional coal due to the absence of critical rail links for lifting the dry-fuel. If three critical rail links are fast-tracked, the company will ensure 300 mt additional supply to consumers who are facing fuel shortages.
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Lack of rail link
CIL said it is unable to tap the potential for supplying 300 million tonne of additional coal due to the absence of critical rail links for lifting the dry-fuel. If three critical rail links are fast-tracked, the company will ensure 300 mt additional supply to consumers who are facing fuel shortages.
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Ministry hails PPT for growth
In a review meeting, Paradip Port Trust (PPT) Chairman Sudhanshu Sekhara Mishra gave a presentation, apprising Union Shipping Secretary Dr Vishwapati Trivedi about the activities and performance of the port in the presence of the Heads of various departments.The secretary expressed his satisfaction on the progress of the projects undertaken by the PPT.
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Tiger Globals new VC fund
Tiger Global Management LLC has kicked off process to raise its eighth venture capital fund focused on later-stage, privately-held technology companies, as per reports. At present it has seven VC funds with assets of over $6 billion which will rise to over $7.5 billion if the plans for new fund turns out to be true. It had raised nearly $1.5 billion in its seventh VC fund in 2012.