Andhra Bank recently announced plans to focus on infrastructure lending. Although relatively modest in volumes, at Rs 12,650 crore, the bank has devoted approximately 19 per cent to infrastructure.
Tag: Power
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Fuel scarcity hits investor interest
The investor interest in the power sector is diminishing as lenders are starting to apply the brakes on funding of new private generation projects.
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Punjab power projects raise environment concerns
Environment minister Jairam Ramesh has expressed concern over the proposed locations of as many as four thermal power plants in a 50 km radius around Bathinda, which already has two thermal stations.
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Rail wagon supply gap hits power
Coal India General Manager ML Gupta lamented that the “critical generation problems†in the power sector arise frequently because enough coal cannot be transported.
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NTPC invites bids for coal
NTPC issued a Rs 3,500-crore global tender seeking supply of four million tonne imported coal for its power projects.
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Mah may shut thermal plants
Coal-based power projects operated by the state-run MahaGenco face closure in view of high emission levels beyond the stipulated 150 mg per cu m.
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Low gas output hits supply
Consumers of natural gas from Reliance Industries’ D6 field are facing a pro-rata cut as production has declined to 50.5 mmscmd (million standard cubic meter per day) due to some technical problems in the KG-D6 block.
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3i deploys Rs 700 cr on infra projects
T3i India Infrastructure Fund, part of the UK-listed 3i group, has invested about $157 million (about Rs 700 crore) in road and power projects, taking close to four months to close the deals as increased approvals from authorities and the fund’s own stricter due diligence extended the time.
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Tax holiday extended to 2012
In a bid to boost power capacity, Finance Minister Pranab Mukherjee said tax holiday for power sector would be extended till 31 March 2012.
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Siemens bags Metro contract
Chennai Metro Rail (CMRL) has awarded a Rs 305 crore contract for power supply and overhead equipment (OHE) to Siemens AG, Germany, and its Indian arm Seimens India Consortium.