So we are at that time of the year again when the Finance Minister will come out with a few carrots and sticks to keep IndiaÂ´s economy chugging along.
To improve its financial status, the Shipping Corporation of India (SCI) has signed several MoUs with its public sector undertaking peers such as Coal India, ONGC, SAIL and Gail India. SCI has been striving to take advantage of the pacts. For now, its financials continue to be under stress. SCI is yet to form joint ventures with Coal India and Oil and Natural Gas Corporation which could have provided the firm with assured cargo and revenues. SCI has not acquired vessels yet for operation as per
The Odisha government's task force on steel recommended renewal of memorandum of understanding (MoUs) of 11 steel companies in the state based on milestones achieved. The 11 MoUs are part of a list of 15 steel projects whose field verification has been completed by Ipicol. The draft MoUs of the 11 steel companies are prepared by the state steel & mines department. Ipicol will take the views of other concerned departments on the MoU, said steel & min
Banks lending to the infrastructure sector are feeling the need for specialised project appraisal and advisory capabilities.SBI and IDFC have spun them off as separate entities that can backward integrate into their financing competency. IIFCLâ€™s recently launched projects company goes beyond individual projects, and is starting with trying to capture the goodwill of states and state owned entities.