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Thursday, Aug 14, 2008
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 Corporate - Overseas Borrowings
States - Tamil Nadu
Clarification

With reference to the report on Chennai desalination project, published in these columns on August 8, Chennai Water Desalination Ltd has clarified that DEG, Germany, is not funding any cost escalation but is coming in only as one more lender to the project. The German funding agency is replacing IVRCL’s (parent company) sponsor loan of Rs 78 crore which was an interim arrangement.

More Stories on : Overseas Borrowings | Tamil Nadu

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Stories in this Section
Production hit at ISW plant

‘Mahindra will talk to Chrysler on Scorpio design’
Clarification
XL Telecom ties up with Chinese firm LDK Solar
Bipin Engineers enters Limca Book of Records
Gujarat NRE files case against Austral Coke
Hedging vital to combat euro depreciation
Work begins for Avesthagen HQ
Rohini Hotels to take Checkers brand to Bangalore
TNPL close to achieving financial closure for expansion plan
MIC Electronics goes to S. America
Tata Steel’s Vietnam deal - a good mining
Tata Steel signs jt venture pact with Vietnam Steel, Vicem
Puravankara to build budget homes
KMML plans projects to cut production cost
IOC looks to finalise funding options for Paradip refinery
HyperCity’s CEO quits


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