The Hindu Business Line : `Paison ki Nilami' exceeds target

`PAISON ki Nilami', the auction of interest rates organised by Srei Infrastructure Finance Ltd (SREI) on August 31, has generated business worth Rs 175 crore as against the target of Rs 150 crore.

About 550 participants from all over the country bid for 700 pieces of equipment, according to Mr Hemant Kanoria, Vice-Chairman and Managing Director, SREI Infrastructure Finance Ltd. The third edition of the auction was held at Shilpa Kala Vedika auditorium at Madhapur. SREI, a leading player in the infrastructure equipment financing sector, conducted similar auctions in Kolkata and Bhubaneshwar in the last 10 months. Each of the earlier auctions witnessed a business volume of Rs 150 crore.

The equipment, put on auction, comprised excavators, tippers, dumpers, loaders, graders, batching plants, compressors, crushers and transit mixers from leading brands in India and abroad. Original equipment manufacturers (OEMs) such as Volvo, JCB, Ingersoll Rand, Tata Motors and Schwing Stetter participated, Mr Kanoria said.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
PFMs may be allowed to park funds only in domestic instruments

RBI officers' body opposes outsourcing

Rupee strengthens

`Paison ki Nilami' exceeds target

LIC to invest Rs 9,000 crore more in equities this fiscal — No plans for public issue, says Chairman

LIC Ernakulam division tops in premium collection

LIC's Bima Gold launched in AP

5 ICICI Bank staff suspended for exceeding trading limits

ING Vysya offers SB account for students

Syndicate Bank to raise $75 million

Andhra Bank hikes NRE deposit rates

SBH revises rates on NRE term deposits