GAIL India, which is one of the promoter shareholder of Petronet, refuses to concede its right of first refusal on the 5.2 percent stake of Asian Development Bank (ADB) in Petronet. The multilateral lending agency plans to sell its 5.2 per cent stake in Petronet, which has been formed as a joint venture by the Government with non-public sector cha
Tag: ADB
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ADB plans to lend $10 bn to public sector
Reports suggest that Asian Development Bank (ADB), the Manila-based multilateral development bank, plans to lend around $10 billion to the Indian public sector between 2012-2017 and $2 billion to the private sector in this period. It is also learnt that the bank is holding talks with the central government on its country strategy paper for India
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GAIL may not concede right of first refusal
GAIL India, which is one of the promoter shareholder of Petronet, refuses to concede its right of first refusal on the 5.2 percent stake of Asian Development Bank (ADB) in Petronet. The multilateral lending agency plans to sell its 5.2 per cent stake in Petronet, which has been formed as a joint venture by the Government with non-public sector cha
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ADB holds parleys with banks on IDF
Hun Kim, Country Director of Asian Development Bank (ADB) informed that the multilateral lending institution is discussing with several banks on participating in the infrastructure debt fund (IDF) floated by them. It is learnt that ADB plans to participate in the IDF floated by domestic banks through the NBFC route. The current regulatory framework allows IDFs to be floated eith
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ADB’s stake in Petronet eyed by IGL
Asian Development Bank (ADB), which is in the process of offloading its 5.2 per cent shareholding in Petronet LNG is set to get a buyer as Indraprastha Gas is interested in picking up the stake. Although Petronet's promoter companies IOC, ONGC, GAIL and BPCL were originally interested in buyi
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Advisory is a step towards combining all infra-related services under one roof
Banks lending to the infrastructure sector are feeling the need for specialised project appraisal and advisory capabilities.SBI and IDFC have spun them off as separate entities that can backward integrate into their financing competency. IIFCL’s recently launched projects company goes beyond individual projects, and is starting with trying to capture the goodwill of states and state owned entities.
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Infrascape 2012 | Rural roads: Modified EPC may be solution
Rural roads constituted over 84 per cent (2.65 million) of Indian Roads Network in 2010-11, and were constructed at the rate of 124 km per day. Around 80,195 km of rural roads were completed till March this year.
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Power Grid on a roll
The new Chairman and Managing Director of Power Grid Corporation of India follows good examples before him and therefore, as he steps into his predecessor SK Chaturvedi’s shoes, he also enters the new challÂenge of rural transmission and new and replacement technology such as high voltage (HV) cabling and smart grids.
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First foreign funded rly
The Railway Board has finally cleared Railway Vikas Nigam’s proposal to undertake doubling of the 335 km route from Hospet in Karnataka to Thenaighat in Goa.
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Vox Pop: Structure eludes waste management
Municipal solid waste (MSW) is in its nascent stages in India, but offers opportunities to private participants.