Pallavi Ail
Banks for asset sale at Adhunik Power
Ask it to dispose of Jharkhand thermal unit
Bondholders cry foul on Castex Technologies’ FCCB move
Castex Technologies, a subsidiary of auto component major Amtek Auto, on Friday passed a resolution calling for the conversion of its $200 million foreign currency convertible bonds (FCCBs) into equity...
Lenders restructure Rs 3,000 crore loans of Binani Cement
Lenders to the debt-ridden Binani Cement have restructured loans of Rs 3,000 crore, throwing in an additional term loan of Rs 300 crore, a public sector banker familiar with the development told FE, reports Pallavi Ail in Mum
Lenders push sale of Surana to rival
In a deal being midwifed by a consortium of bankers led by IDBI Bank, Karnataka Power Corporation (KPCL) is close to buying out privately held power generator Surana Power (SPL).
Transstroy buys luxury cars, soon turns NPA
Transstroy, which owes banks Rs 4,300 crore, signed 3 car loan agreements for Rs 4.73 crore
Reliance Power gets 5/25 relief for two thermal projects
Reliance Group seeking loan refinance for Sasan UMPP as well
Syndicate Bank leads pool for Metro One with lowest interest
With few takers for credit in a dull business environment, Syndicate Bank has undercut other lenders to edge itself into the consortium for Reliance Infrastructure’s Mumbai Metro project and head it.
Plan to revive Dabhol plant hits railways roadblock
RGPPL's plan to revive Dabhol power plant by selling 500-MW power to Indian Railways (IR) hinges on three conditions...
GVK Group seeks extra loans for Punjab power unit
With cost rising 43% to R4,573 cr in 2 years, debt now 74%
Tata Power: In search of a presence abroad
As Tata Power plans its next round of expansion, the company has invested in Georgia, Zambia and South Africa
Educomp’s an object lesson in how not to pay directors
The company reported a loss of Rs 1,642 crore in FY15 on revenues of Rs 518 crore
Banks bet big on apps to offer range of banking products
Banks are analysing customer-specific data to offer a range of banking products, from loans to bill payments, over the mobile
Lenders pull plug on Essar project
Tori on hold till fuel, viability issues sorted out
Lenders want Nagarjuna Oil’s NPA classified standard asset
Going by the rule of thumb for funding infrastructure projects, the exposure of bankers would be approximately Rs 12,400 crore
Steep fall in coal price stalls Tata Power-PT Bumi Resources deal
Although Tata Power struck a deal with Indonesia-based PT Bumi Resources Tbk for the sale of 30% stake in PT Arutmin Indonesia in January 2014, falling prices of coal have stalled the transaction.
ABG Cement ‘investor’ seeks non-NPA status
A prospective ‘strategic investor’ in the debt-ridden ABG Cement has indicated its willingness to acquire a stake in the firm, provided the loan account is upgraded from a non-performing asset (NPA) to a standard account.
Tata Power too plugs into 5/25 scheme, near deal for Rs 10,000-cr refinance
Tata Power is close to tying up a refinancing facility under the 5/25 scheme for Rs 10,000 crore that it borrowed to set up the loss-making Mundra ultra mega power project...
Bhushan Power gets lifeline, debt recast under 5/25 scheme
Bhushan Power & Steel (BPSL) will find it easier to service its loans now that bankers have approved a refinancing of its debt.
RBI gives banks more say over sick companies
The strategic debt restructuring (SDR) scheme has our approval and Sebi’s too, so lenders can now use it,” RBI governor Raghuram Rajan told FE in an interview on Wednesday.
Rajasthan SEB seeks Rs 55,000 cr new recast
Two years after the first restructuring of its debt, the Rajasthan State Electricity Board (RSEB) has asked banks to consider a second round of restructuring for a whopping Rs 55,000 crore.
Torrent Power seeks 5/25 relief for project with Rs 1,300-cr debt
Torrent Power is seeking relief via the 5/25 scheme for one of its power projects for which banks have lent it approximately Rs 1,300 crore...
Unsuccessful CDR exits hit Rs 27,000 crore in FY15
Enterprise service provider Tulip Telecom, EPC player Indu Projects, Vibha Agrotech and engineering firm Apex Encon Projects...
Out of 5/25 net, Punj Lloyd seeks Rs 3,000 cr more
The cash-strapped diversified engineering, procurement and construction conglomerate Punj Lloyd is looking to tap banks for an extra Rs 3,000 crore...
Rs 25,000 cr loans get 5/25 relief
Uttam Galva, Jaypee, Adani groups benefit
Five PSU banks declare GTL an NPA, company says not aware
Among the 17 lenders to the company are Bank of Baroda, Bank of India, Union Bank and United Bank of India, while the consortium leader is IDBI Bank.
Patel Engineering handed another Rs 1,700-cr lifeline
Bankers to Patel Engineering have sanctioned additional term loans of R1,700 crore and enhanced working capital...
Gitanjali Gems gets fresh Rs 4,300-cr recast
Gitanjali’s consolidated sales fell 24% year-on-year (y-o-y) to Rs 12,436 crore in FY14, driving down the Ebitda by 22% to Rs 812 crore.
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