| 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 May 2007. |
Data on External Commercial Borrowings / FCCB - May 2007 |
I. Automatic Route* |
Sr. No. |
ECB / FCCB |
Borrower |
Equivalent Amount in USD |
Purpose |
Maturity
Period (Aprx) |
1 |
ECB |
IDA Trading Foundation Pvt.Ltd.# |
1,283,891 |
Rupee Expenditure Loc.CG ,
Rupee Expenditure |
6 years 5
months |
2 |
FCCB |
Country Club (India) Ltd. # |
25,000,000 |
Modernisation |
5 years |
3 |
ECB |
Varun Shipping Company Ltd. |
48,000,000 |
Import of Capital Goods |
9 years 8 months |
4 |
ECB |
Hindustan Oil Exploration Company Ltd. |
8,000,000 |
Other - PY-1 GAS Project |
7 years 9 months |
5 |
ECB |
Shivam Autotech Ltd. |
10,000,000 |
Project |
5 years 6 months |
6 |
ECB |
Intas Pharmaceuticals Ltd. |
14,000,000 |
Modernisation,
Overseas Investment |
5 years |
7 |
ECB |
Inox India Limited |
2,000,000 |
Project - Power |
6 years 11 months |
8 |
FCCB |
ANG Auto limited |
12,000,000 |
Rupee Expenditure,Modernisation,
Overseas Investments |
3 years |
9 |
ECB |
Videocon Appliance Ltd. |
25,000,000 |
Modernisation-Capital Exp. |
7 years 1 month |
10 |
ECB |
Cirteq Engineering Pvt. Ltd. |
5,781,105 |
Project |
9 years 10 months |
11 |
ECB |
ABG Shipping Ltd. |
11,200,000 |
Capital Expenditure-
Acquisition of ship |
5 years 11 months |
12 |
ECB |
Kirloskar Oil Engines Ltd |
3,355,947 |
Modernisation |
4 years 10 months |
13 |
ECB |
Kirloskar Oil Engines Ltd |
19,346,048 |
Modernisation |
4 years 11 months |
14 |
ECB |
Precision Hydraulics Pvt Ltd |
500,000 |
Project |
5 years 8 months |
15 |
ECB |
Endurance Technologies Pvt.Ltd. |
15,500,000 |
Modernisation |
5 years 5 months |
16 |
ECB |
Mobis India Limited |
20,000,000 |
Project |
3 years 3 months |
17 |
ECB |
AEC Boldrocchi India Pvt.Ltd. |
337,866 |
Project |
3 years |
18 |
ECB |
Essar Logistics Ltd. |
35,000,000 |
Capital Expenditure-
Acquisition of ship |
5 years |
19 |
ECB |
Roaring 40s Wind Farms
(Khandke) Pvt.Ltd. |
44,280,739 |
Rupee Expenditure Loc.CG,Power |
11 years 6 months |
20 |
FCCB |
Sterling Biotech Ltd. |
250,000,000 |
Modernisation,
Repayment of earlier ECB |
5 years |
21 |
ECB |
Meghmani Energy Ltd. |
2,500,000 |
Project- Power |
6 years 11 months |
22 |
ECB |
Ranbaxy Laboratories Ltd. |
24,841,693 |
Overseas Acquisition -
Capital Investments |
4 years 7 months |
23 |
ECB |
Pyung Hwa India Pvt.Ltd. |
10,000,000 |
Project, Import of Capital,
Rupee Expenditure |
5 years |
24 |
ECB |
Husco Hydraulics Pvt. Ltd. |
5,000,000 |
Import of Capital Goods ,
Rupee Expenditure |
3 years 11 months |
25 |
ECB |
DSM Engineering Plastics
(India)Pvt.Ltd. |
16,758,155 |
Project |
5 years |
26 |
ECB |
Poppys knitwear Pvt. Ltd. |
2,732,586 |
Rupee Expenditure Loc.CG |
5 years 4 months |
27 |
ECB |
Akry Organics Pvt. Ltd. |
2,250,000 |
Modernisation |
5 years 5 months |
28 |
ECB |
Monnet Ispat & Energy Ltd. |
90,000,000 |
Project |
6 years 9 months |
29 |
ECB |
Pengg Usha Martin Wires Pvt.Ltd. |
1,621,757 |
Project |
8 years |
30 |
ECB |
Shivam Autotech Ltd. |
10,000,000 |
Project |
5 years 3 months |
31 |
ECB |
OCL India Ltd. |
50,000,000 |
Modernisation |
8 years 11 months |
32 |
ECB |
Alok Industries Limited. |
3,900,000 |
Overseas Acquisition -
Acquisition of Shares & Investments |
6 years 7 months |
33 |
FCCB |
Wanbury Ltd. |
20,271,962 |
Modernisation,Import of
capital,Rupee Exp.,
Project, power, overseas
Investments |
5 years 7 months |
34 |
ECB |
Indian Grameen Services |
242,000 |
Micro Finance |
3 years 1 month |
35 |
ECB |
Rehau Polymers (P) Ltd. |
2,838,075 |
Modernisation |
3 years |
36 |
ECB |
Bokaro Power Supply Co. Pvt. Ltd. |
44,000,000 |
Project -Boiler |
7 years 5 months |
37 |
ECB |
BC Instruments India Pvt.Ltd. |
273,719 |
Import of Capital Goods ,
Rupee Exp |
6 years 3 months |
38 |
FCCB |
Pioneer Embroideries Ltd. |
25,000,000 |
Modernisation, New Project |
4 years 8 months |
39 |
ECB |
Kumar Elastomech Pvt.Ltd. |
715,000 |
Modernisation |
5 years 6 months |
40 |
ECB |
First Engineering Plastics (I) Pvt. Ltd. |
3,284,610 |
New Project |
9 years 7 months |
41 |
ECB |
Dong -A India Automotive Pvt. Ltd. |
2,600,000 |
New Project |
5 years 1 month |
42 |
ECB |
Elomatic-Pharmalab Consulting
& Enginee |
88,000 |
Rupee Expenditure Loc.CG |
3 years 10 months |
43 |
ECB |
Garware Offshore Services Ltd. |
16,550,000 |
Refinancing of old loans,
Modernisation |
6 years 5 months |
44 |
ECB |
Unimark Remedies Ltd. |
3,600,000 |
Modernisation |
4 years 7 months |
45 |
FCCB |
Vivimed Labs Ltd. |
12,000,000 |
Expansion of activity,
Acquisition overseas |
5 years 2 months |
46 |
ECB |
Vaibhav Gems Ltd. |
5,000,000 |
Overseas Acquisition |
5 years |
*: 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 |
ECB |
iGate Clinical Research
International PL |
2,000,000 |
Rupee Expenditure Loc.CG |
4 years |
2 |
ECB |
Indian Airlines Limited |
518,650,000 |
Import of Capital Goods -
Acquisition of aircrafts |
12 years 7 months |
3 |
ECB |
Reliance Industries Ltd. |
2,000,000,000 |
Project |
9 years 10 months |
|
