G Padmanabhan, Executive Director of Reserve Bank of India (RBI) remarked that the country is on course to meet its infrastructure investment target of $1 trillion during the ongoing 12th five-year plan (2012-17). Speaking at a conference in London, he said the funding process was working in a seamless manner and thing
Tag: Infrastructure Debt Fund
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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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Sebi clears $1 bn IDF of IIFCL
SK Goel, Chairman and Managing Director of India Infrastructure Finance Company (IIFCL) said that the firm got Securities and Exchange Board of India's (Sebi) nod to launch $1 billion infrastructure debt fund (IDF). IIFCL expects to operationalise the fund in a month. Of the $1 billion corpus, 50 per cent would be contributed by Indian investors and 50 per cent by foreign investors, he said at the launch of first credit enhanced infrastructure bonds.
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IL&FS’ infra debt fund to raise $1-bn initially
IL&FS Financial Services informed that the infrastructure debt fund (IDF) floated by it in a joint venture with Life Insurance Corp of India (LIC) may collect up to $1 billion in the beginning. It is learnt that the board of directors had initially advised raising $1 billion and then scaling up the size (eve
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Seeking for a revival
With the Union Budget 2013 announcement is approaching, industry stakeholders are seeking government support for a possible revival of their respective industry segment. Ami Mistry, Dhruba Purkayastha, Mohit Sinha and Prithweesh Ghosh present an insight into the current status of critical infrastructure segments and recommend some urgent steps needed in the coming Budget.
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Tight liquidity scenario and toll non-compliance governed the road sector performancey
As against the target of 9,000 kms, during the first six months of 2012-13, NHAI managed to award only six projects. These six projects incĂÂluded two large-scale projects Ăâ Mega Maharashtra Highway (484 kms; Amravati-Jalgaon-Gujarat) and WalajĂÂahpet PoonĂÂamallee (93 kms). However, these projects were bid out at seemingly aggressive prices.
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Restructuring must be done only when viability is not in question
Rather than having viability problems, infrastructure projects are typically Ăâfront-endedĂâ, so it is often the mismatch between the lending and the projectĂâs revenue-making tenures that lead to an increased likelihood of restructuring, says Arundhati Bhattacharya, MD & CEO of SBI Capital Markets in an interaction with Sumantra Das.
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Model agreement to protect investors’ interest
The model tripartite agreement (TA), cleared by the government for financing of infrastructure projects would secure the interest of investors, experts argue. In October 2012, the Cabinet Committee on Infrastructure cleared the model tripartite agreement whic
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Srei Infra to launch $500 mn infra debt fund
Hemant Kanoria, Chairman and Managing Director of Srei Infrastructure Finance informed that the firm would raise $500 million through its infrastructure debt fund. Srei would deploy the funds on the sub sectors which provide good regulatory clarity like toll roads, power transmission etc. The company would launch the fund through the MF route
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Srei Infra to launch $500 mn infra debt fund
Hemant Kanoria, Chairman and Managing Director of Srei Infrastructure Finance informed that the firm would raise $500 million through its infrastructure debt fund. Srei would deploy the funds on the sub sectors which provide good regulatory clarity like toll roads, power transmission etc. The company would launch the fund through the MF route