To raise capital for its L&T Infrastructure Development Projects, the unit that builds roads, ports and other infrastructure, Larsen and Toubro (L&T), IndiaÂ’s biggest engineering company, is in talks with investors. The company is considering raising money from investors including sovereign and infrastructure funds by March.
Tag: infrastructure
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Infra trust fund on its way
Under the finance ministry's new announcement, the revenues of a project will be transferred to the trust, which will then issue units to investors. Shilpi Aggarwal says the government is seeking innovative financing solutions for infrastructure.
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Borrowing of infra firms rises faster than revenue
Official data shows that the borrowing of 17 construction and infrastructure (C&I) companies that are part of the BSE-500 index has risen more than their revenue and net profit during the last five years since 2008. While borrowings of these firms rose a little over five times, to Rs 2.7 lakh crore since 2008, their revenue and cas
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SAIL to raise operational efficiency, save cost
Steel Authority of India (SAIL) would adopt several steps to increase operational efficiency and thereby save Rs 5,000 crore in cost over the next three years. The state-run steel maker said in a statement after a ‘Strategic Confluence on Cost Control and Cost Competitiveness’ at its Management Training Institute in Ranc
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RBI expects fall in corporate investment
Corporate investments, which stood at Rs 263,400 crore in 2012-13, may fall in the current financial year, Reserve Bank of India (RBI) said in its monthly bulletin for September. The capital expenditure intentions of the companies in private and joint business sectors were captured in the repo
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HMDA invites land owners for pooling scheme
Hyderabad Metropolitan Development Authority (HMDA) has invited expression of interest from land owners who are interested in providing their land for a pooling scheme. The authority launched land pooling scheme as a pilot project for an area of 250–300 acre near the Outer Ring Road and within one km belt on either side of the Growth Corr
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SAIL plans to sell 1 mn t steel through dealerships
Through its dealers, state-run Steel Authority of India (SAIL) plans to sell 1 mn t of steel, SS Mohanty, Director (technical) of the firm said. He said this while addressing the Annual Dealer's Award ceremony. The event was conducted to award the company's outstanding dealers in the Eastern Region
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AP govt must set up maritime board to boost port sector
Industry watchers suggest Andhra Pradesh government to set up a state maritime board (SMB) in order to boost the port and shipping sector in the state. There are 12 minor ports and one major port in the state. Earlier in 2010, the state government introduced a draft Bill for a maritime board in the Asse
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Private ports more efficient than major ports
Experts feel that the performance of private ports is more efficient than the 12 major ports, which are owned by the central government. The superior performance of private ports is attributed to their ability to capture the entire value in the chain—right from the time cargo enters a port till it is loa
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EPC in roads Whats wrong with EPC?
If you thought only BOT projects were in trouble, think again. The faltering roads sector is increasingly dependent on sentiment, and this dependence is clear from the recent negativity that has crept even into EPC. Bringing back investor sentiment should now be supreme.