Overseas fund raising season kicked-off for the year with state-owned Bharat PetroleumBSE 0.36 % Corp mopping up funds at a cheaper rate and NTPCBSE 1.23 % planning similar bond sale within weeks.
entered into an agreement with SBI & DBS for loan of $400 Million
The funding by JNPT is the first of its kind for major port and it opens up one more avenue for major and government ports to raise funds by accessing international markets for their requirements.
India’s premier container port, Jawaharlal Nehru Port Trust in Navi Mumbai, has signed an agreement with State Bank of India and Development Bank of Singapore for External Commercial Borrowing (ECB) to the tune of $400 Million at a “very competitive” interest rate to improve the infrastructure required for “doubling” its existing capacity to 9.85 Million TEUs annually.
Coal India Ltd (CIL) has cleared the proposal of buyback of equity shares following a marathon board meeting on Monday.