To supplement its working capital requirements, Hyderabad-based IVRCL is to raise Rs 1,200 crore and infuse capital into new projects. To facilitate fund-raising, the construction and infrastructure company has enlisted the services of SBI Caps, sources said.
Tag: working capital
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Banks’ credit offtake up in April-May, deposit growth slows
Demand for working capital and home loans helped the banking system log higher credit growth in the first two months of the current financial year compared with the corresponding year ago period. In the first two months, the banking systemÂ’s deposit growth was lower as compared with the corresponding year ago period.
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Steel firms may face ore shortage
Ratings agency India Ratings warned that domestic steel makers may continue to face inadequate availability of domestic iron ore in the short-to-medium term and may have to import for meeting their requirements. The agency feels that the domestic iron ore mining industry is undergoing a difficult phase given regulatory inter