Banks can increase their funding capaĂÂcity to the infrastructure sector by Rs 100,000 crore over the next four years, rating agency CRISIL said.
Tag: Update
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Lock-in period of infra bonds to be halved
Aiming at creating greater interest among foreign investors, the Finance Ministry has decided to halve the lock-in period for foreign portfolio investments in infrastructure boĂÂnds to on-and-a-half years.
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Tourism infra deal
For development of tourism infrastructure in the state, Himachal Pradesh government, signed a $95.16 million loan agĂÂreement with Asian DevelopĂÂmĂÂent Bank (ADB).
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MFs with 5-yr record can float infra debt funds
With regard to the infrastructure debt funds (IDFs), the SEBI board has approved the framework for setting up of the IDF by any existing mutual fund house that has been in the infrastructure financing business for at least five years.
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India to award $3.8 bn worth port projects
India is set to award 23 contracts for port expansion worth $3.8 billion this fiscal year.
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East coast ports to import bulk of coal
PVK Mohan, Chairman, National Shipping Board, said the country's coal imports will shortly rise to 200 million tonne annually and the bulk of the imports will be through east coast ports.
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Vizag port coal-handling unit to go on stream by Q4
The Rs 675-crore mechanised coal-handling facility of Vedanta Resources at VisakhaĂÂpatnam port in Andhra Pradesh is all set to go on stream by the fourth quarter of 2011-12.
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Hydel project dev policy approved in J&K
The Jammu and Kashmir government has approved the Hydro Electric Project Development Policy 2011 to harness huge hydel potential of 20,000 MW.
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Coal block bidding
The government expects to introduce competitive bidding for auctioning coal blocks by the end of the financial year.
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NTPC plans ash pipeline to restart 4 units
NTPC has proposed to lay a 40-km long pipeline for ash disposal from the four units of the 3,000-MW NTPC Kaniha plant in order to restart opeĂÂration of the four units.