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IDBI Bank has underwritten the necessary loan for the project. The interest rate on the loan is 10.75%
List of the country updates
Country updates
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March 29, 2010
IRB Infrastructure achieved financial close for the project
IRB Infrastructure achieved financial close for the project. IDFC was the lead arranger and other lenders included three state owned banks—Bank of Baroda, Canara Bank and Union Bank of India. Total...
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March 15, 2010
No more bidding before financial closures take place in road projects.
With large investments needed for road projects in India, coupled with uncertain recovery, high cost of borrowing, delays in land acquisition and removal of structures, shifting of utilities, law and...
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February 11, 2010
The project was awarded
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February 10, 2010
Talking with Virendra Mhaiskar.Irb infrastructure
Today I want to copy some pieces of an interview that came out with the Chairman and Managing Director of IRB Infrastructure, Virendra Mhaiskar.
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February 09, 2010
The consortium formed by GMR Infrastructure (51%) and Oriental Structural Engineers (49%) has won the tender process
