GVK Energy Ltd has closed funding for its 540 MW coal-fired power project in Punjab, having raised Rs500 crore from Deutsche Bank in priority funding, according to two people directly aware of the development.
Recent actions of the Reserve Bank of India (RBI) in solving the non-performing assets problem is considered as a concerted push, Fitch Ratings said.
The Reserve Bank of India (RBI) is proposing Asia’s third-largest economy offer licences to private companies to set up infrastructure banks.
Helped primarily by a steep fall in raw material costs but also with a more rigorous reining in of employee costs, India’s central public sector enterprises (CPSEs) posted a decent 12.5% growth in aggregate net profit in 2015-16
Ministry of New and Renewable Energy, Government of India