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Kotak mops up $90 mn to invest in infrastructure sector

Kotak mops up $90 mn to invest in infrastructure sector

According to an official statement, Kotak Mahindra Bank raised about $90 million in order to invest in companies engaged in industries like power generation and transmission, transportation. The amount, which is raised under the Core Infrastructure India Fund, would also be invested in water treatment and supply, waste management and gas transmission in

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Infrascape 2013 | Great opportunity in 2013

Infrascape 2013 | Great opportunity in 2013

Most of the contracts in the Infrastructure sector are long lead time projects with significant investments. Whic­hever customer of ours in these industries that we speak to, they all have experienced the effects of overall economic slowdown and the difficulty in getting funds for these projects. Larger projects such as in the power sector or in the road construction have continued to face problems in land acquisition and obtaining all the governmental clearances.

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India suffers over 11% power generation loss

India suffers over 11% power generation loss

A Central Electricity Authority review has said that India suffered a power generation loss of over 11.46 per cent, in 2011-12, on account of fuel shortage, transmission bottlenecks and an equipment pro­blem. All India electricity
generation in the country during 2011-12 has been at 876.89 bu. The increased for­ced outages were due to inc­reased forced shutdown of units due to coal supply problem and transmission constr­aints and equipment problems of some new units, the CEA report said.

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ONGC to form JV with NPCIL

ONGC to form JV with NPCIL

ONGC plans to have joint venture (JV) with Nuclear Power Corp of India (NPCIL). The company is to invest aro­und Rs 2,940 crore in 5- 6 years in the project. ONGC plans to buy 49 per cent of the shares of one of the five proposed nuclear plants of NPCIL