A consortium of bankers agreed to provide Rs 830 crore syndicated loan to Hospet-Chitradurga Tollways (HCTL) for the Rs 1,102.81-crore road project in Karnataka. HCTL is a special purpose vehicle (SPV) formed to undertake the Hospet- Chitradurga road project by Ramky Infrastructure. The consortium of bankers comprises Axis Bank, IDBI Bank, Bank of India, IIFCL, State Bank of Hyderabad, State Bank of Patiala, State Bank of Travancore, Central Bank of India and Oriental Bank of Commerce, Ramky Inf
Tag: SPV
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Steel Exchange commissions 50 mw plant
In a communication to stock exchange, Steel Exchange India has commissioned a 50 mw boiler and turbines at its Captive Power Plant at Kothavalasa in Andhra Pradesh. This is part of the 60 mw captive power plant being set up by Simhadri Power, a special purpose vehicle (SPV) prom
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Bankers to lend Rs 8.3 bn for Rs 11 bn road project
A consortium of bankers agreed to provide Rs 830 crore syndicated loan to Hospet-Chitradurga Tollways (HCTL) for the Rs 1,102.81-crore road project in Karn
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Sibal asked to seek nod from Plan panel
Finance Minister Pranab Mukherjee asked Telecom Minister Kapil Sibal to seek cleaĂÂrance from Planning Commission for allocating funds to National Optical Fibre Network (NOFN) project under nonPlan category.Telecom minister requested finance ministry to allocate funds for NOFN from nonPlan side to mitigate chances of delays in funding for the scheme which involves approval at various levels.
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Shunglu report: Can SEBs finally breathe easier?
Under pressure from banks, who are refusing to lend, state utilities are poring over the new reports by Shunglu and BK Chaturvedi Committees. Is franchise the best way forward, though? At 31 percent, the national average on AT&C losses are unacceptably high. Quantified, this amounts to nearly Rs 70,000 crore of losses, and the Finance Commission fears that this amount will rise to Rs 1.16 lakh crore by 2014-15.
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Voith inks deal with L&T
Voith Hydro has signed a contract with L&T Hydro Power for the Singoli Bhatwari Hydro-Electric Project.This includes the supply of the entire equipment of the power units and electrical and mechanical auxiliaries. L&T Uttaranchal Hydro Power is a special purpose vehicle (SPV) created to implement the 3 x 33 MW Singoli Bhatwari hydro-electric project.
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Railways keen on PPP model for infrastructure
Railways is seeking the coĂÂoperation of the private sector for developing rail infrastructure in the country. For this purpĂÂose, Railways has framed pubĂÂlic-priĂÂvate participation (PPP) inveĂÂstment models for its exiĂÂsting as well as new projects. It has also drafted policy for priĂÂvate participation in rail connĂÂectiĂÂvity and capacity augĂÂmenĂÂtation projects.
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Vizhinjam gears up external infra
As his port hopes to compete with Vallarpadam as a state-owned transshipment hub, Manoj Joshi, CEO, Vizhinjam International Seaport Ltd (VISL), and Secretary (Ports), Kerala Government, responds to questions from Infrastructure Today.
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SPV to build broadband network
A special purpose vehicle (SPV) with equity participation from BSNL, MTNL and other public sector units such as RailTel, Gail and PowerGrid, amoĂÂng others, will undertake the 20,000-crore project to build a national broadĂÂĂÂband network to take high-speed internet to the hinterlands.
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Quantifying bidders' eligibility
Selection of the right private partner in a scientific way for sustainable, effective and viable results is the key to the success of a project.