To reduce pressure on the current account deficit (CAD), the Union government has asked the State-owned power firms to utilise foreign debts to fund their foreign acquisitions completely. Instead of using their own cash reserves, the State power fims should utilise foreign debts or domestic loans to acquire foreign firms, so that they don't deplete India's foreign exchange reserves and put more pressure on the current account deficit.
Tag: power firms
Post
Post
CIL to up output
Coal India (CIL) plans to increase its growth in production to 6.5 per cent from the current level of 5.2 in order to attain the output target of 468 million tonne for 2012-13.
Post
CIL to up output
Coal India (CIL) plans to increase its growth in production to 6.5 per cent from the current level of 5.2 in order to attain the output target of 468 million tonne for 2012-13.