PETRONET PLANNING TO RAISE Rs12,300 CR IN TWO YEARS

Article Abstract:

Petronet India Limited (PIL) proposes to mobilise Rs12,300 crore of loans during the next 2 years. These loans will be used for the 3 proposed projects of PIL. The proposed projects are the Rs400 crore 11.5 million tonnes Vadinar-Kandla pipeline, the Rs707 crore Mangalore-Bangalore pipeline and the Rs531 crore Cochin-Karur pipeline. The projects will have a debt-equity ratio of 3:1. PIL has floated Petronet Vadinar-Kandla Ltd, Petronet Mangalore-Bangalore Ltd and Petronet Cochin-Karur Ltd for executing these projects. PIL will be raising the debt through rupee term loans from financial institutions and banks. The users of these pipelines will be bringing in the capital. (ag)

Comment:

Proposes to mobilize Rs12,300 crore of loans, which will be used for its 3 proposed projects, in the next 2 years

Crude Oil Pipelines, Pipeline Transportation of Crude Oil, Petroleum pipelines, Petronet India Ltd.

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BETZDEARBORN PLANS TO PUMP Rs12.5 Cr INTO NEW FACILITY

Article Abstract:

BetzDearborn India Pvt Limited (BIL), a water treatment company proposes to set up a new plant at Hoskote near Bangalore at a cost of Rs12.5 crore. It proposes to mobilise Rs10 crore as long term dollar and rupee loans. These loans will be raised in the ratio of 80:20 from the Bank of America and BetzDearborn Inc of the US, its parent. BIL will raising the balance amount of Rs2.5 crore through internal accruals. BIL expects the water treatment market in Bangalore to cross the 12 percent growth recorded globally. It also plans to set up customer service laboratory with sophisticated machinery for analysing and treating waters and chemicals. (ag)

Comment:

Water treatment co proposes to set up a new plant at Hoskote near Bangalore at a cost of Rs12.5 crore

Water Supply and Irrigation Systems, Facilities & equipment, Water Treatment, BetzDearborn India Private Ltd.

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AIG TO INVEST $25 M IN PETRONET VIA EQUITY

Article Abstract:

American International Group, an insurance major of the US, plans to invest $25 million in Petronet India Ltd, the holding company for all future oil pipelines in the country. It will invest Rs11 crore to take a 10 percent stake in Petronet and Rs95 crore to take 22 percent in the Vadinar-Kandla project, 25 percent in the Cochin-Karur project and 22 percent in the Mangalore-Bangalore project. These three projects are special purpose vehicles floated by Petronet. (khr)

Comment:

Plans to invest $25 mil in Petronet India, the holding company for future oil pipelines in the country

United States, Foreign operations, Insurance, Insurance Carriers and Related Activities, American International Group Inc.

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