R-Infra looks at investing in Delhi Airport railway link
By PDADCO payday loans
Monday, 17 Nov 2008 04:59
The company is in talks with a slew of banks, including IDBI Bank, IIFCL and Axis Bank, for raising the fund at a time when credit crunch has put pressure on interest rates.
"The company has a healthy balance sheet with a cash reserve of Rs 10,000 crore, which could help raise 80% of the debt for projects at the special purpose vehicle (SPV) level. Considering the situation, the interest would be slightly higher for the loan, but for us, it is not the concern. Our focus is to execute projects before the time," said Lalit Jalan, the Chief Executive Officer and Director of R-Infra.
R-Infra plans to achieve financial closure for its Delhi Airport rail-link project and the Hyderabad trade tower project before December this year.
"The company has a healthy balance sheet with a cash reserve of Rs 10,000 crore, which could help raise 80% of the debt for projects at the special purpose vehicle (SPV) level. Considering the situation, the interest would be slightly higher for the loan, but for us, it is not the concern. Our focus is to execute projects before the time," said Lalit Jalan, the Chief Executive Officer and Director of R-Infra.
R-Infra plans to achieve financial closure for its Delhi Airport rail-link project and the Hyderabad trade tower project before December this year.
Sign in with a social network:
