| The Reserve Bank of India has today released the data on External Commercial Borrowings (ECB) and Foreign Currency Convertible Bonds (FCCB), both Automatic Route and Approval Route, for the month of September 2007. |
| Data on External Commercial Borrowings / FCCB - September 2007 |
| I. Automatic Route* |
| Sr. No. |
ECB / FCCB |
Borrower |
Equivalent Amount in USD |
Purpose |
Maturity Period (Aprx) |
| 1 |
ECB |
BWDA Finance Ltd. |
555,574 |
Micro Finance |
5 years 1 month |
| 2 |
ECB |
BWDA Finance Ltd. |
694,467 |
Micro Finance |
5 years |
| 3 |
ECB |
BWDA Finance Ltd. |
288,000 |
Micro Finance |
4 years |
| 4 |
ECB |
Zabatex Textiles India(Projects) Ltd. |
100,000 |
Project |
4 years |
| 5 |
ECB |
Twinstar Metal Products Pvt.Ltd. |
277,787 |
Modernisation |
5 years 10 month |
| 6 |
ECB |
SEP Energy Pvt. Ltd. |
500,000 |
Project |
3 years |
| 7 |
FCCB |
Tata Steel Ltd. |
500,000,000 |
Overseas Acquisition |
5 years 1 month |
| 8 |
ECB |
The Great Eastern Shipping Co. Ltd. |
60,000,000 |
Import of Capital Goods |
8 years |
| 9 |
ECB |
Zahoransky Sarin Moulds & Machines Pvt.L |
111,115 |
Import of Capital Goods |
4 years 3 months |
| 10 |
ECB |
Bhushan Steel & Strips Ltd. |
55,000,000 |
Import of Capital Goods, Rupee Expenditure Loc.CG |
10 years 11 months |
| 11 |
ECB |
Myoung Shin India Automotive Pvt Ltd |
15,000,000 |
Import of Capital Goods |
7 years 5 months |
| 12 |
ECB |
Enpro Bearings Pvt. Ltd. |
1,500,000 |
Import of Capital Goods |
5 years 3 months |
| 13 |
ECB |
Suprajit Engineering Ltd. |
3,110,000 |
Overseas Acquisition |
5 years 8 months |
| 14 |
ECB |
Essar Steel Ltd. |
190,000,000 |
Refinancing of old loans |
6 years 3 months |
| 15 |
ECB |
Accentia Technologies Ltd |
3,960,000 |
Overseas Acquisition |
5 years 6 months |
| 16 |
ECB |
Rothe Erde India Pvt. Ltd. |
7,639,137 |
Import of Capital Goods |
3 years 6 months |
| 17 |
ECB |
Intas Pharmaceuticals Ltd. |
10,000,000 |
Overseas Acquisition, Import of
Capital Goods |
5 years |
| 18 |
ECB |
B.Seenaiah & Company Ltd. |
7,000,000 |
Import of Capital Goods |
5 years 9 months |
| 19 |
ECB |
Alok Industries Limited. |
58,750,000 |
Import of Capital Goods |
5 years 6 months |
| 20 |
ECB |
Greatship (India) Ltd. |
20,400,000 |
Import of Capital Goods |
7 years 11 months |
| 21 |
ECB |
Alok Industries Limited. |
31,789,254 |
Import of Capital Goods |
5 years 6 months |
| 22 |
ECB |
Kirloskar Oil Engines Ltd |
35,000,000 |
Import of Capital Goods |
6 years 5 months |
| 23 |
FCCB |
Great Offshore Ltd. |
42,000,000 |
Overseas Acquisition, Import of Capital Goods |
5 years 3 months |
| 24 |
ECB |
Reliance Communications Ltd. |
500,000,000 |
Refinancing of old loans |
5 years 11 months |
| 25 |
ECB |
Balkrishna Industries Ltd. |
15,000,000 |
Import of Capital Goods |
4 years 11 months |
| 26 |
ECB |
Dynamatics Technologies Ltd. |
2,500,000 |
Overseas Acquisition |
4 years 10 months |
| 27 |
ECB |
Hwashin Automotive India Pvt Ltd. |
10,000,000 |
Import of Capital Goods |
5 years |
| 28 |
ECB |
Champagne Indage Ltd. |
7,000,000 |
Overseas Acquisition |
5 years |
| 29 |
ECB |
INA Bearings India Pvt.Ltd. |
8,500,000 |
Modernisation |
5 years 9 months |
| *: Based on Form 83 submitted for alottment of loan registration number. |
|
| #: Clarification sought from the company in regard to conformity to end-use requirement, eligibilty of borrower and other parameters of ECB. |
| II. Approval Route |
| Sr. No. |
ECB / FCCB |
Borrower |
Equivalent Amount in USD |
Purpose |
Maturity Period (Aprx) |
| 1 |
FCCB |
Tata Steel Ltd. |
375,000,000 |
Overseas Acquisition |
5 years 1 month |
| 2 |
ECB |
Reliance Petroleum Ltd. |
275,000,000 |
Project |
11 years |
|
