EAfter holding consultation with Indian companies, especially in the infrastructure sector, the government may relax guidelines for accessing funds through external commercial borrowing (ECB).
Tag: India
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PGCIL stake sale
The board of Power Grid Corporation of India (PGCIL) cleared a proposal to sell 15 per cent stake through Follow on Public Offer in order to raise funds for its investment plans.
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L&T to go for Rs 1,000-cr ECB deal for Hyderabad Metro
For the Hyderabad metro rail project, L&T is close to striking a Rs 1,000-crore external commercial borrowing (ECB) deal with India Infrastructure Finance Co (IIFCL).
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Lanco to recast Rs 90 bn debt
In view of the challenging economic condition, Lanco Infratech approached corporate debt restructuring (CDR) cell to recast its Rs 9,000-crore debt. Of the Rs 9,000-crore debt, Rs 4,000 crore is fund-based exposure and Rs 5,000 crore non-fund-based.
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Centre signs $60 mn loan pact with ADB for NKUSIP
Centre has signed an agreement with Asian Development Bank (ADB) for A $60 million loan for 'North Karnataka Urban Sector Investment Program' (NKUSIP).
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Raghuram Rajan is next RBI Governor
Chief Economic Adviser Raghuram Govind Rajan was appointed as Governor of the Reserve Bank of India (RBI). Rajan is set to take over the mantle of the central bank at a time when the economy is faced with a multi-pronged crisis of
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WB gets Centre’s aid for solar PV projects
The West Bengal Renewable Energy Development Agency has received financial assistance from Ministry of New And Renewable Energy for various off-grid solar photovoltaic systems and power projects.
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KPT to invest Rs 6,000 cr
Kandla Port Trust (KPT) plans to set up a container terminal at a cost of Rs 5,992 crore. The terminal, which will come up at Tuna-Tekra in the Gulf-of- Kutch outside Kandla Creek, will be capable of handling container vessels up to 18,000 TEUs.
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11 firms for Ennore Port terminal project
For developing Rs 1,270 - crore container terminal at Ennore Port in Tamil Nadu, 11 companies, including four foreign firms, have submitted their Requests for Qualification (RFQs) proposals.
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Lankan port transhipment
Sri Lanka Ports Authority (SLPA) has stated that cargo to and from India accounts for 62 per cent of Colombo port's transhipment business. SLPA's Chairman Priyath Bandu Wickrama said that at present,