Financial Daily from THE HINDU group of publications
Monday, Jan 28, 2002
Financial Daily from THE HINDU group of publications Monday, Jan 28, 2002 |
|
|
|
|
|
Industry & Economy
-
PSU Money & Banking - Debt Market NLC to issue debentures CHENNAI: The Neyveli Lignite Corporation has informed the Stock Exchanges of a proposal to raise Rs 300 crore in the form of private placement of secured non-convertible taxable bonds in the nature of debentures, with an option to retain over-subscription up to Rs 100 crore, through a book building process. It is learnt that the issue is a part of the public sector power producer's Rs 800 crore borrowing programme, which money is needed to fund its expansion projects. The project is for expanding the capacity of Mine-II from 10.5 million tonnes per annum (of lignite mined) to 15 MTPA, as well as for raising the capacity of the Thermal Power Station-II by 500 MW to 1970 MW. - Our Bureau
Send this article to Friends by E-Mail
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | Home |
Copyright © 2002, 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
|