BIWATER, FIs HOLD TALKS ON AID FOR STATE PROJECT

Article Abstract:

Biwater Plc is negotiating with the Industrial Development Bank of India, ICICI and other financial institutions (FIs) for part- financing its Rs1,600 crore project in Karnataka. It has become the most favoured bidder for the Rs1,600 crore Cauvery Water Supply Scheme Stage IV. It is yet to get the formal sanction from the Karnataka Government. It plans to form a special purpose vehicle with the help of the International Financial Corporation. Biwater Plc plans to offer 75 percent equity to Indian organisations. The project is likely to have a 3:1 debt-equity ratio. It plans to set up an independent company in consultation with Price Waterhouse Coopers. (rk) (kvr)

Water Supply & Use, Water Supply and Irrigation Systems, Capital expenditures, New orders received, Industrial Credit and Investment Corporation of India, Industrial Development Bank of India Ltd., Biwater PLC

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COPRA PROCUREMENT MAY TOUCH RECORD LEVEL IN KERALA

Article Abstract:

Procurement of copra in Kerala state in the current season has touched a level of 2,120 tonnes. With this the annual total of copra procurement has risen to 6,000 tonnes (an approximate quantity of 9,000 tonnes in 1997). Kerafed had been able to get 63 tonnes in the first week of June, 1998 from nine districts in Kerala, while Marketfed got only 16 tonnes of copra during same period. Due to farmer's demand for better realisation, Indian government has directed Nafed to buy 30,000 tonnes of copra at Rs2,900 per quintal under price support scheme. (gs)

Comment:

India: Annual total of copra procurement ups to 6,000 tonnes vs an approximate quantity of 9,000 tonnes in 1997

Sales & consumption, Tree Nut Farming, Copra, Article

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