In order to finance its growth plans, Shriram Transport Finance plans to launch public issue for Rs 1,000 crore worth of debt instruments. The company reportedly requires Rs 20,000-25,000 crore to meet disbursements every year, the majority of which would be met through debt and our own business. The company, which forayed into equipment finance business last year, has not performed well in that verti
Tag: investment
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Bank of Baroda expects 20% credit growth
P Srinivas, Executive Director of Bank of Baroda is hopeful that the bank would be able to close the year with a credit growth of 19-20 per cent driven by a good show by the retail segments. While the firm expects moderation in growth in its corporate loan book, its retail loan segment would grow faster in 2012-13, he said. On capital infusion, he said government has not informed the bank about the quantum of infusion for the bank
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Microfinance firms raise funds
Several microfinance institutions (MFIs) in the country have raised capital during 2012 because of expectation of better growth prospects in the coming years. For example, Grameen Capital India, a social-investment bank, says $144 m of equity has been injected into microfinance groups in the past 12 months, mor
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RIL produces 22.04 mmscmd gas from KG-D6
A report from the Directorate General of Hydrocarbon (DGH) shows that natural gas output from Reliance Industries' KG-D6 field stood at 22.04 million standard cubic meters per day in the week ended December 30, 2012. The output belongs to Dhirubhai-1 and 3 gas fields and MA oil and gas field in the KG-DWN-98/3 or KG-D6 bloc
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RBI allows Essar Oil to raise $2.2 bn via ECB
Reserve Bank of India (RBI) allowed Essar Oil to mop up a maximum of $2.2 billion through external commercial borrowings in order to repay partially its debt of $2.8 billion. The company is said to be in discussion with banks to raise the amount as it got the required approval. The company. however, has not finalized the amount to be raise
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IOC plans to raise stake in HPL
Indian Oil Corporation (IOC) plans to raise its shareholding in the cash strapped Haldia Petrochemicals as the firm expects to reap many synergies with HPL. IOC has a big refinery in the area neighbouring HPL. Also, its pipelines are connected with HPL, Indrajit Bose, Exec
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ABG Shipyard mulls greenfield project in Gujarat
ABG Shipyard, which has one shipyard each at Surat and Dahej with a total area of approximately 620,000 sq m, proposes to set up a third one at an unknown location in three phases in Gujarat. The company sent a proposal for the same during the Vibrant Gujarat Global Investors Summit 2013. Besides, the firm also plans to expand its facilities at Dahej and Magdalla in three phases, with an estimat
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Nalco mulls 1 mn t refinery in Gujarat
Aluminium major Nalco plans to set up a 1 million tonne per annum capacity alumina refinery in Gujarat at an investment of Rs 4,500 crore. The company is in the process of preparing a Detailed Project Report (DPR) for this purpose.
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Essar to spend Rs 100 bn on port projects in Gujarat
At the sixth edition of 'Vibrant Gujarat, Essar Group said it would invest an additional Rs 14,000 crore in the port sector and water supply projects in the state. The group is said to have already invested Rs 88,000 crore in the state. Of the proposed fresh outlay, the group plans to invest Rs 10,000 crore on developing ports in Hazir
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Financial entities’ share in bond issue declines
Data collected by Prime Database shows that the share of financial sector entities in the total amount raised through private placement of bonds during April-September 2012 declined to 73.1 per cent from 90.3 per cent in 2011-12 and 78.3 per cent in 2010-11. The financial entities include primarily banks and non-banking finance companies (NBFCs). According to som