Journal for Sustainable Infrastructure Economy
ISSN 2349-7599Volume 8 Issue - V May 2015
NaMo government must get its Economic Act together,That too in Quick time locally
The Inconvenient TRUTH
present
Covering Energy & Power, State-of-the-Art Infrastructure (Ports, Airports, HighwaysIndustrial Corridors, SEZ’s & IT, Smart City Infrastructure, Urban & Rural Mass Housing Projects
Inland Waterways, Irrigation & Canal Networks, Mass Rapid Transport Systems - MRTsHigh - Speed Bullet Trains & Railway Infrastructure etc.)
MAY 20152
Inside this Issue6-7 EU ECONOMY Ratings Agencies say NO Default if Greece
Misses ECB, IMF Payments
8 ECONOMY – INDIA Modi backed RBI in turf war with Finance
Ministry
9 ENERGY Saudi Oil Minister Naimi optimistic about
kingdom's Oil Future
10 PMO – PIB News PM launches DD Kisan - India's First
Television Channel dedicated to Farmers
11 PMO – PIB News PM Chairs High-level Meeting on
Infrastructure Sectors
12 ASMEI NEWS FEATURE Micro Units Development Refinance Agency
(MUDRA) Bank
13 PRESIDENT OF INDIA RUSSIA has been a Pillar of Strength at
difficult moments in INDIA's History, says President, Mukherjee
14-15 WATER RESOURCES Storage Status of 91 Important Reservoirs of
the Country as on May 07, 2015
16 RURAL INFRA Setting up of Cold Storage Facilities
17 MSME BUZZ Kisan Mouldings to fully automate its
Extrusion Division at Tarapur at a total Capital Outlay of over Rs. 60 million
22-23 MICRO HOUSING FINANCE Micro Housing Finance Corporation
announces audited FYE March 31, 2015 financials
A. Prakash Iyer Executive Publisher & Editor, MARKENOMY
VP & Secretary, ENERTIA Foundation
Vice President - Editorial Advisory Board
Steffi IyerContent Research
Amruta ArgadeCirculation Co-ordination
Poonam MateSubscription
Maria IyerMedia Research
Veronica JaykumarHead Print & Layouts
Shruthi V. NairHead Design & Creative
Rashmi Ballal Head Finance & Accounts
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Publishers
Official Publication of
Rajesh SharmaIndependent Consultant;
Former Executive Vice President,Escorts Construction Equipment Ltd.
Amit GossainAssociate VP-
Marketing and Business DevelopmentJCB India Ltd.
T. K. ModakIndependent Consultant
& Advisor in InfrastructureFounder ChairmanTKM Foundation
S. K. DharmadhikariFormer Executive VP & CTO
HCC Ltd.
P. V. S. N. MurtyHon. Regional Director-NCR
MARKENOMY& Associate Director, REPA
Mathan PrakashChief Creative Officer (CCO)
Hetal MehtaHon. Regional Editorial Director
MARKENOMY& Jt. President, REPA
Dr. Hirdesh KhannaEuropean Union Chapter &
Director - EU, FSAIHon. Associate Director General, REPA
G. KannanDirector & CEO
Shin Thermo Dynamic Engineering Pvt. Ltd.
T. C. AroraHon. Associate Director, REPA
MD, AccunergyFormer Director, Toshiba India
Rajesh AgarwalChairman & Managing Director
BS Limited
Padmini UpadhyayaDy. Director - Business Development
& CSR
Rakesh MarkhedkarPresident & Head - EPC
Bajaj Electricals Ltd.
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FIRST SALVO
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Prof. A. Gopalakrishnan IyerDistinguished Aluminums - National Institute of Technology (NIT), Kurukshetra-formerly Regional Engineering College (REC), KurukshetraFaculty of Mechanical Engineering (ME), B.TechEditor-in-Chief & Founder Publisher, MARKENOMY, Falcon Media; President, ENERTIA Foundation;CMD & Editor-in-Chief : ENFRAtv, ENERTIA EnfraMedia Pvt. Ltd.Email: [email protected] / [email protected]
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EU ECONOMY
6 MAY 2015
Ratings Agencies say NO Defaultif Greece Misses ECB, IMF Payments
7MAY 2015
EU ECONOMY
ECONOMY – INDIA
8 MAY 2015
Modi backed RBI in turf war with Finance Ministry
9MAY 2015
audi oil minister Ali al-Naimi said Son Tuesday he was optimistic about the future of the kingdom's
oi l and gas sector under the new leadership, state news agency SPA reported.
Saudi Arabia's King Salman named his nephew Mohammed bin Nayef, 55, and his son Mohammed bin Salman, 30, as his heirs last week, apparently setting up the line of succession for decades to come in the world's top oil exporter. The moves were part of a much wider government reshuffle in which Naimi retained his job as minister.
"I would like to talk about the future, and I will be honest, I am optimistic about the future of oil and gas and manufacturing in the kingdom under the leadership of King Salman, Crown Prince Mohammed bin Nayef and Deputy Crown Prince and head o f t h e S u p r e m e E c o n o m i c a n d Development Council Mohammed bin Salman," Naimi said according to SPA.
"I see a bright future for education, training, development and manufacturing in the kingdom. And for transforming the k i n g d o m i n t o a l e a d i n g c o u n t r y in . . . industr ies re lated to o i l , gas , petrochemicals and mining.”
(Source : Reuters)
ENERGY
Saudi Oil Minister
Naimi optimistic
about kingdom's Oil Future
10 MAY 2015
PM launches DD Kisan India's First Television Channel dedicated to Farmers
PM: Foodgrain productivity must rise from 2 tons per hectare to 3 tons per hectare
PM: Tehsil should be the unit of agricultural development
PMO – PIB News
11MAY 2015
PMO – PIB News
PM Chairs High-level Meeting on Infrastructure Sectors
12 MAY 2015
ASMEI NEWS FEATURE
Micro Units Development Refinance Agency (MUDRA) Bank
13MAY 2015
PRESIDENT OF INDIA
he President of India, Shri Pranab TMukherjee said Russia has been a pi l lar of strength at dif f icult
moments in India's histor y. He was delivering the keynote address at the Diplomatic Academy of the Russian Ministry of Foreign Affairs after receiving an Honorary Doctorate from the Academy on May 8, 2015 at Moscow.
The President said India-Russia relations, shaped as they are by our respective historical experiences, cultural affinities, political convergences and economic opportunities, will not be affected by winds
of transient global political trends. Russia has contributed to India’s development, growth and security. India will always reciprocate this support.
Across Indian society and the spectrum of its political structures, there is unanimity that friendship with Russia is an important pillar of India's foreign policy. India values its close and extensive cooperation with Russia in defence, nuclear energy and security. Russia is and will remain our most important defence partner.
It is also a key partner for our energy security, b u i l d i ng o n i t s l ead i ng ro l e i n t h e development of nuclear power generation in India.
T h e P r e s i d e n t s a i d t h e d y n a m i c development of India-Russia strategic partnership owes a great deal to the vision and leadership of President Vladimir Putin. His personal commitment has led to new heights in relations of the two countries. India recognizes President Putin as a great friend of India. He looks for ward to renewing his association with President Putin on this visit.
(Source : PIB)
RUSSIA has been a Pillar of Strengthat difficult moments in INDIA's History,
says President, Mukherjee
14 MAY 2015
WATER RESOURCES
Storage Status of 91 Important Reservoirs of the Country as on May 07, 2015
15MAY 2015
WATER RESOURCES
16 MAY 2015
RURAL INFRA
Setting up of Cold Storage Facilities
Research Support Publishers
Journal for Sustainable Infrastructure Economy
Infrastructure Water Environment Economy Infrastructure Water Environment Economy Infrastructure Water Environment Economy
Volume 3 Issue - II November 2011 (Incl. Intl. Postage)
In this Issue:Infra VisionS. K. Dharmadhikari, Executive Vice President Chief Technical Officer Hindustan Construction Co. Ltd.
Cover PowerInfra Sector Has Done Well in 11th Plan… needs to sustain in 12th
Mining VisionLarge-scale Reform Urgent in Mining
Green Infra Hyderabad Industries Go Green With Zero Waste
... and more
Infrastructure Water Environment Economy
Volume 3 Issue - II November 2011 (Incl. Intl. Postage)
In this Issue:Infra VisionS. K. Dharmadhikari, Executive Vice President Chief Technical Officer Hindustan Construction Co. Ltd.
Cover PowerInfra Sector Has Done Well in 11th Plan… needs to sustain in 12th
Mining VisionLarge-scale Reform Urgent in Mining
Green Infra Hyderabad Industries Go Green With Zero Waste
... and more
20 MAY 2015
MSME BUZZ
Kisan Mouldings to fully automateits Extrusion Division at Tarapur at a total CapitalOutlay of over Rs. 60 million
F O U N D A T I O N
........and other such initiatives for Sustainable & Renewable Energy and Power
4th
CONCLAVE 2016
th9
AWARDS 2015
President, ENERTIA Foundation
Prof A. G. IyerEditor-in-Chief & Founder Publisher, ENERTIA;
President, Renewable Energy Promotion Association (REPA)
VP & Secretary, ENERTIA Foundation
A. Prakash IyerExecutive Publisher & Editor, ENERTIA;Sr. VP & Secretary General, Renewable Energy Promotion Association (REPA)
India Vision 2032”
presents
Summit & Conclave 20154th
Micro Housing Finance Corporation announces audited FYE March 31, 2015 financials
Highlights include 32% increase in PAT / 40% increase in loans outstanding / 5 star GIIRS (social impact) rating
MICRO HOUSING FINANCE
22 MAY 2015
MICRO HOUSING FINANCE
23MAY 2015
CORPORATE CAPITAL
24 MAY 2015
umbai, Maharashtra, Reliance MIndustries Limited has obtained an amount of $200 million after
it sold its long-term bonds. The bonds were sold to investors in Taiwan. Completion of such a sale makes Reliance Industries, the first company to do so.
Formosa bondsBonds that are issued in Taiwan and are not in the New Taiwan Dollar, are termed as Formosa bonds. The market of these bonds is fast growing as it provides funds for a longer period and may be invested with insurers in Taiwan.
Reliance Industries is the first company of Asia that has captured this market.
Reliance Industries gave a notice to the exchanges yesterday. It mentioned that the company had obtained the money by issuing 20-year notes with coupon rate of 5%.
The company informed, "These notes, denominated in US dollars, have been issued primarily to Taiwanese life insurance companies and are proposed to be listed on the Taipei Exchange." It also said that the money will be used for its ongoing capital expenditure.
The issue was managed by renowned banks, namely Deutsche Bank AG, HSBC Bank (Taiwan) Ltd. And Taipei Branch. A banker said that many companies are tapping the Formosa bond market. It is because in this market, the issuer may make use of very long-
dated bond financing and redeem it even before it is matured.
Randhir Singh, India Head of Financing at Deutsche Bank said that, this Formosa bond is the first which is not based in India. He also said that the bond issued by Reliance Industries has the longest tenure among any such bond issued by any Asian company. Reliance Industries is an active foreign currency borrower.
T h e c o m p a n y p l a n s t o e x p a n d i t s petrochemical business and roll out its 4G (fourth generation) telecom services. It is planning to expand its petrochemical business by 60% in 2 years.
Preparations for telecom ventureIn thi s month, R el iance Industr ies ' subsidiary, Reliance JioInfocomm Limited acquired $750 million from an association of nine bank s. Korea Trade Insurance Corporation (K-Sure) acted as the guarantor of this loan.
Reliance Industries also took $1 billion after selling 10-year bonds, in January. Investors from Asia, Europe and US bought these bonds. In the last three years, the company has acquired more than $10 billion from out of India borrowings. A major portion of this amount is used for setting up its telecom infrastructure.
The company is gearing up to establish a telecom network spread throughout the country. It wants to offer communication service and internet connection with high-speed. Besides, it also focuses on giving other digital services in sectors like education, entertainment, healthcare, government-citizen interface, security and financial services.
To set up the infrastructure the company has already invested more than $14 billion. It has also planned to roll out its voice services in a minimum of five cities before the end of next month.
The company has a license to offer 4G services all over the country in 22 circles under the spectrum band of 2,300MHz. Besides, it has also won 20 telecom regions in spectrum bands of 800MHz and 1800MHz.
Reliance Industries sellsTaiwan Bonds for $200 Million
ader PG ola wn eroi t &a n Er net en rI g yy l Jn ouO rs n’a ai ldnI
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