Atomic power generation company Nuclear Power Corporation of India Ltd (NPCIL) plans to spend about Rs 18,000 crore as capital expenditure this fiscal, said top company official. He also said the first pour of concrete for the construction of two more 1,000 MW units (Units 5 and 6) at Kudankulam is expected to happen this year and the 700 MW unit at Kakrapar Atomic Power Station (KAPS) will begin commercial generation in September 2021. This fiscal we will be spending about Rs 18,000 crore as capital expenditure on our ongoing projects. The funding will be through a mix of internal accruals, central government budgetary support and long term borrowings. The first two will be about 30 per cent and the borrowings will be about 70 per cent of the project cost, S.K. Sharma, Chairman & Managing Director told IANS.
MUMBAI: Golden Agri-Resources, the world s second-largest palm oil plantation company, plans to float an initial public offer (IPO) for its Indian subsidiary Gemini Edibles & Fats India Private Limited (GEF India).
Four investment banks - Nomura, Axis, Credit Suisse and Kotak have been hired to run the process. A draft red herring prospectus (DRHP) for the Rs 1500-1800 crore IPO will be filed by next month, said multiple people aware of the development.
Rs 6,555-crore Gemini Edibles is backed by global PE fund Proterra Investment Partners which owns about 25% stake in the company.
Mails sent to Golden Agri-Resources, Gemini Edibles & Fats India and Proterra Investment Partners did not elicit any responses.
Overseas investors withdraw record $5.4 bn from Indian equities; economists call for caution
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Reserve Bank of India’s (RBI) monthly data showed that the outflows were due to repatriation or disinvestment.
“This is a massive outflow in a single month and hence it needs to be monitored,” CARE Ratings chief economist Madan Sabnavis said.
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Kolkata: Long-term overseas investors have withdrawn a record $5.4 billion from Indian equities in February, raising concerns that a significant number of companies may also have offloaded their direct investments in the country in the current bout of exits.
Reserve Bank of India’s (RBI) monthly data showed that the outflows were due to repatriation or disinvestment.
India’s 2021 monsoon rainfall will be normal, the India Meteorological Department predicted on Friday, stirring optimism among crop researchers and economists amid lingering uncertainty posed by the Covid-19 pandemic and its fallout.
The quantum of monsoon rainfall during the June-September season is likely to be 98 per cent of the long-period average, the IMD said, forecasting a 40 per cent probability and a third straight year of normal rainfall. Meteorologists label rainfall in the range of 96 to 104 per cent as normal.
Economists said good rainfall would help curb food inflation, boost rural income, and push overall demand for agricultural products and consumer durables. But both crop meteorologists and economists cautioned that the geographic spread of the rainfall will determine its impact.
Normal monsoon to usher growth, douse inflation
By IANS |
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Growth chart. (File Photo: IANS). Image Source: IANS News
New Delhi, April 16 : Predictions of a normal monsoon season brightened India s FY22 economic prospects amidst gloom induced by the resurgence of Covid cases.
The prediction of a healthy to normal rainy season this year was released by the state-run and a private weather forecaster.
Significantly, the IMD and Skymet have forecast that the monsoon rainfall will be 98 per cent and 103 per cent of the long period average (LPA), respectively.
The predictions indicate the third consecutive year of normal or above normal rainfall.