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Special Purpose Vehicle


'Special Purpose Vehicle' - 22 News Result(s)

  • China's Transsion Picks Up 80% Stake In Spice Mobile: Report

    China's Transsion Picks Up 80% Stake In Spice Mobile: Report

    Spice was among the top three highest selling handset brand even a few years back and had strong brand recall.

  • Essar Expands Capacity At Hazira Port With Rs 800 Crore Investment

    Essar Expands Capacity At Hazira Port With Rs 800 Crore Investment

    Essar Bulk Terminal Ltd (EBTL) will expand its bulk cargo handling capacity at Hazira Port to 50 million metric tonne per annum from existing 30 MMTPA by December at an investment of Rs 800 crore. EBTL is a special purpose vehicle of Essar Ports Ltd.

  • Department Of Expenditure Red Flags Large Spending By GST Network: Report

    Department Of Expenditure Red Flags Large Spending By GST Network: Report

    Large expenditure by Goods and Services Tax Network (GSTN), a special purpose vehicle set up to provide IT infrastructure for implementation of the GST, besides a proposed loan of Rs 515 crore, has been red-flagged by the Department of Expenditure.

  • Empower bank boards, Set Up SPV To Contain Bad Loans: Industry

    Empower bank boards, Set Up SPV To Contain Bad Loans: Industry

    To contain non-performing assets of banks, the government should empower the boards of public sector banks to deal with bad assets with the help of a special purpose vehicle which can lay broad guidelines for the lenders to take "haircuts", an industry body said.

  • L&T Sells Entire Stake in L&T Infocity For Rs 191 Crore

    L&T Sells Entire Stake in L&T Infocity For Rs 191 Crore

    L&T Infocity Ltd is an special purpose vehicle (SPV) formed by the infrastructure major in partnership with Andhra Pradesh Infrastructure Investment Corporation (APIIC) to develop IT infrastructure in the state.

  • Railways Sets the Ball Rolling on Bullet Train Project

    Railways Sets the Ball Rolling on Bullet Train Project

    Gearing up to introduce trains that run at speeds of more than 300kmph, the railways have formed a new Special Purpose Vehicle (SPV) to implement the Mumbai-Ahmedabad High Speed Bullet Train project.

  • Reliance Power Seeks to Exit Krishnapatnam UMPP

    Reliance Power Seeks to Exit Krishnapatnam UMPP

    Reliance Power has informed the Andhra Pradesh government the procurers of Tilaiya UMPP -- which was stalled for over five years -- have accepted the termination of power purchase agreement and decided to purchase the entire shareholding in the project Special Purpose Vehicle from the company by way of mutual discussion with the developers.

  • NMDC Sets Up Subsidiary for Steel Plant in Jharkhand

    NMDC Sets Up Subsidiary for Steel Plant in Jharkhand

    NMDC, the country's top iron ore miner, on Wednesday said it has incorporated a wholly-owned subsidiary for developing a steel plant in Jharkhand through special purpose vehicle route.

  • L&T Falls on Unit's Loan Downgrade

    L&T Falls on Unit's Loan Downgrade

    According to a Mint newspaper report, ICRA downgraded loans taken by L&T Halol Shamlaji Tollway (L&T HSTL), a special purpose vehicle of L&T Infrastructure Development Projects - has delayed scheduled payments on a loan worth Rs.1,014.93 crore.

  • Shapoorji Pallonji Raises Rs 2,610 Crore to Refinance Debt

    Shapoorji Pallonji Raises Rs 2,610 Crore to Refinance Debt

    The company said it raised the money by selling non-convertible debentures through the special purpose vehicle, SP Jammu-Udhampur Highway Ltd, and the proceeds are meant for refinance its existing debt which is combination of foreign currency and rupee loans.

  • Reliance Infrastructure Completes Refinancing of Rs 1,650Cr Mumbai Metro Borrowing

    Reliance Infrastructure Completes Refinancing of Rs 1,650Cr Mumbai Metro Borrowing

    Mumbai Metro One is RInfra's special purpose vehicle created to develop, implement and operate Mumbai's first metro line on a public private partnership (PPP) mode.

  • Five-day Winning Streak for Rupee; up 6 paise against Dollar

    Five-day Winning Streak for Rupee; up 6 paise against Dollar

    SEL has said that toll revenue from seven operational SPVs (special purpose vehicle) has increased from Rs. 95.07 crore in Q3FY14.

  • SKS Microfinance completes Rs 80.81 crore securitisation deal

    SKS Microfinance completes Rs 80.81 crore securitisation deal

    According to a press release issued SKS Microfinance, the deal involved downloading receivables from micro loans extended to 100,850 rural women entrepreneurs through a Special Purpose Vehicle whose Pass Through Certificates (PTCs) have been purchased by a major private sector bank.

  • RBI allows core investment firms to raise ECB for special purpose vehicles

    RBI allows core investment firms to raise ECB for special purpose vehicles

    The Reserve Bank of India (RBI) on Tuesday allowed core investment companies to raise external commercial borrowing (ECB) for projects floated as special purpose vehicle (SPV) in order to strengthen the flow of resources into the infrastructure sector.

  • Ask PSUs to ink pacts with Centre for mines: Coal Ministry to States

    Ask PSUs to ink pacts with Centre for mines: Coal Ministry to States

    In the letters to states of Jharkhand, Bihar, Chhattisgarh and Madhya Pradesh, the Coal Ministry has also asked them to advise the companies allocated mines to either form a SPV (Special Purpose Vehicle) or joint ventures.

  • CERC to hear Reliance Power's plea on Tilaiya UMPP on October 15

    CERC to hear Reliance Power's plea on Tilaiya UMPP on October 15

    The petition was filed last week by Jharkhand Integrated Power Limited, the special purpose vehicle which is executing the project.

  • Cabinet approves SPV to build $9-billion TAPI gas pipeline

    Cabinet approves SPV to build $9-billion TAPI gas pipeline

    The Cabinet today approved the setting up of a special purpose vehicle (SPV) to build the $9 billion Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline, as multinational firms have been unwilling to build the project.

  • Batelco plans to re-enter India through acquisition

    Batelco plans to re-enter India through acquisition

    Batelco had formed a special purpose vehicle with Dubai-based Millennium Private Equity to acquire 49 per cent stake in Indian mobile services provider S Tel for $225 million in 2009.

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