Financial Daily from THE HINDU group of publications
Tuesday, Jul 26, 2005

News
Features
Stocks
Port Info
Archives
Google

Group Sites

Money & Banking - Public Sector Banks
Corporate - Mergers & Acquisitions


Dabhol stake at Rs 150 cr

Our Bureau

Kolkata, July 25

SBI has contributed about Rs 150 crore to the equity base of the new-look Dabhol project, which is now officially called Ratnagiri Gas & Power.

ICICI and IDBI are two other institutional stakeholders, commanding a sizeable portion of the company's equity.

Mr Bhattacharya indicated that the bank hoped to see its NPAs decline to a more manageable level, especially with the Ratnagiri project taking off.

There was a possibility of scaling down the interest rate for the project as well.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page


Stories in this Section
Hire purchase body demands level playing with banking sector


Rupee weakens; securities down
No tax on inter-bank transactions
Bank of Rajasthan Q1 net dips
Union Bank Q1 net up 14 per cent
Vijaya Bank Q1 net down 72 pc
National Insurance to offer accident cover for Kerala workers
RBI upbeat on growth
Dabhol stake at Rs 150 cr
Exim Bank to buy 2.5% stake in Bombay Rayon
Hike in reverse repo rates likely: Dealers
`Industrial credit demand stronger'
SBI eyes 4 mid-sized overseas banks
TN Co-operative bank employees want Act replaced


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line