According to a report by consulting firm Ernst & Young, infrastructure sector may attract private equity (PE) funds if the government takes steps, both policy and administrative, to boost investment activity in the sector. In its recently released private equity annual report titled ‘Second Innings – An industry in transition’, the firm said
Tag: investment
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Firms raise more capital through NCDs
Reports indicate that companies raised more than Rs 35,000 crore through issue of non-convertible debentures (NCDs) in 2012, which is higher than the Rs 12,753 crore garnered in the preceding year. Recently, HDFC issued Rs 250 crore NCDs with a green shoe option to raise another Rs 250 crore.The mortgage lender raised the amount to meet general corp
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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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Former minister calls for pvt investments in infra sector
Former Minister of State for Urban Development Sougata Roy remarked that land acquisition is not the only problem in infrastructure projects. He said this while pointing out the need for private sector participation for financing the projects. Addressing a seminar on infrastructure development in the eastern and north-eastern states organised by the Beng
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Power Finance Corp to issue Rs 1.5 bn worth bonds
Power Finance Corp (PFC) considers to issue unsecured bonds worth Rs 1.5 billion, for which it received "AAA" rating by Crisil ICRA and CARE. The term of these bonds is six years and the corporation would pay 8.72 percent interest on the bonds. The structure of the bonds is such that they are redeemable in three equal installments. Each bond will offer
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RBI mulls launch of inflation-indexed bonds
Reserve Bank of India (RBI) considers to launch inflation-indexed bonds (IIBs) in order to attract investors who buy gold for protection against inflation. RBI Governor D Subbarao informed reporters that the central bank tries to redesign IIBs after its introduction some years ago failed to attract
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Govt set to award Maharatna status to BHEL, GAIL
The high-level secretaries' panel headed by Cabinet Secretary Ajit Kumar Seth approved the proposal to award BHEL and GAIL the coveted Maharatna status. The status would give these public sector units greater financial autonomy. Agency reports indicate that the central government would issue formal orders to this e
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Tata Power suggests steps to boost power sector
Tata Power Managing Director Anil Sardana urges government to take policy measures to enable the power sector grow at 12 per cent every year. He said the power sector must grow at 12 per cent every fiscal in order to support a GDP growth of 7-8 per cent
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RIL drills 54 new wells in US shale gas projects
Weekly Insight learns from media reports that Reliance Industries (RIL) has drilled 54 new wells in three shale gas projects in America. During the first nine months of 2012-13, the company witnessed 16 per cent sequential growth in prod
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Vizag port to operationalise coal handling unit
Ajeya Kallam, Chairman of Visakhapatnam Port informed that the port authority would soon operationalise the fully mechanized coal-handling facility at its general cargo berth. The mechanized coal-handling facility is intended to provide a lasting solution to pollution. He informed this after hoisting the National Flag on the