Office Address
123/A, Miranda City Likaoli Prikano, Dope
Phone Number
+0989 7876 9865 9
+(090) 8765 86543 85
Email Address
info@example.com
example.mail@hum.com
123/A, Miranda City Likaoli Prikano, Dope
+0989 7876 9865 9
+(090) 8765 86543 85
info@example.com
example.mail@hum.com
If the deal is finalised,
it will prove to be the biggest debt financing for a port project in the
country
R RJha, Director (Projects)
and his team from the Power Finance Corporation met UnmeshWagh, Deputy Chairman
and Chairman in Charge of Jawaharlal Nehru Port Authority to discuss financing
for the port project.Power Finance Corporation, a Maharatna PSU, a Non-Banking Finance Company (NBFC) is
classified as an infrastructure finance company by the Reserve Bank of India.
State-owned Jawaharlal
Nehru Port Authority (JNPA), which is helming the construction of Vadhavan Port
has hired IDBI Capital Markets and Securities Ltd as transaction advisor to
raise funds for the project. The new port now waiting for Cabinet clearance will be
funded on a debt-equity ratio of 70:30 backed by corporate guarantees from JNPA
and Maharashtra Maritime Board (MMB). The
equity contributions of JNPA and MMB would be in line with their respective
shares, according to the financial structure finalised in consultation with
lenders.
JNPA had previously said it
will explore multiple options for raising long-term debt, including rupee term
loans from banks and financial institutions, Non-Convertible Debentures (NCD’s)
and External Commercial Borrowings (ECB’s) with the aim of optimally matching
the project’s cash flows with the most advantageous financial arrangement.
