| 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 October 2007. |
| Data on External Commercial Borrowings / FCCB - October 2007 |
| I. Automatic Route* |
| Sr. No. |
ECB / FCCB |
Borrower |
Equivalent Amount in USD |
Purpose |
Maturity Period (Aprx) |
| 1 |
ECB |
Maneesh Pharmaceuticals Pvt.Ltd. |
20,000,000 |
Overseas Acquisition |
5 years 4 months |
| 2 |
ECB |
Bilcare Limited |
1,800,000 |
Overseas Acquisition |
4 years |
| 3 |
ECB |
Brakes India Limited |
6,000,000 |
Import of Capital Goods |
5 years |
| 4 |
ECB |
Tata Teleservices Ltd. |
400,000,000 |
Import of Capital Goods |
6 years 9 months |
| 5 |
ECB |
The Great Eastern Shipping Co. Ltd. |
39,000,000 |
Import of Capital Goods |
7 years 11 months |
| 6 |
ECB |
Varun Beverages Ltd. |
769,250 |
Import of Capital Goods |
4 years 4 months |
| 7 |
FCCB |
Suzlon Energy Ltd. |
200,000,000 |
Overseas Acquisition |
5 years |
| 8 |
ECB |
Aditya Birla Nuvo Ltd. |
10,000,000 |
Import of Capital Goods |
5 years |
| 9 |
ECB |
Jindal Saw Ltd. |
40,000,000 |
Refinancing of old loans, Modernisation |
3 years |
| 10 |
ECB |
Hyundai Motor India Ltd. |
150,000,000 |
Import of Capital Goods |
6 years 11 months |
| 11 |
FCCB |
Everest Kanto Cylinder Ltd. |
35,000,000 |
Import of Capital Goods |
5 years |
| 12 |
ECB |
NTN Manufacturing India Pvt.Ltd |
6,150,000 |
Import of Capital Goods |
5 years 11 months |
| 13 |
FCCB |
Gemini Communication Ltd |
21,343,321 |
Modernisation, Rupee Exp., Import of Cap Goods,Overseas Investment, Other Exp. |
5 years 6 months |
| 14 |
ECB |
Owens Corning (India) Limited |
12,000,000 |
Import of Capital Goods |
7 years 4 months |
| 15 |
ECB |
Blue Stampings & Forgings Ltd. |
2,300,000 |
Overseas Acquisition |
5 years |
| 16 |
ECB |
Myung Sung India Precision Pvt.Ltd. |
700,000 |
Import of Capital Goods |
3 years |
| 17 |
FCCB |
XL Telecom & Energy Ltd. |
40,000,000 |
Import of Capital Goods |
5 years 11 months |
| 18 |
ECB |
Suessen Asia Pvt. Ltd. |
1,707,466 |
Rupee Expenditure Loc.CG |
6 years 11 months |
| 19 |
ECB |
Owens Corning (India) Limited |
5,000,000 |
Refinancing of old loans |
2 years 8 months |
| 20 |
ECB |
DR Enterprise Automotive Pvt.Ltd. |
3,630,000 |
Import of Capital Goods |
3 years |
| 21 |
ECB |
Idea Cellular Ltd. |
100,000,000 |
Import of Capital Goods |
6 years 11 months |
| 22 |
ECB |
Indo Bakels Pvt.Ltd. |
129,077 |
Modernisation |
4 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 |
ECB |
SREI Infrastructure Finance Ltd. |
50,000,000 |
Import of Capital Goods |
5 years 2 months |
| 2 |
ECB |
Jet Airways (India) Lt |
477,375,000 |
Leasing & hire purchase(Aircraft) |
11 years 10 months |
| 3 |
ECB |
Jet Airways (India) Lt |
81,789,000 |
Leasing & hire purchase(Aircraft) |
7 years 9 months |
| 4 |
ECB |
Jindal Stainless Ltd |
200,000,000 |
Import of Capital Goods, Rupee Expenditure |
9 years 11 months |
| 5 |
ECB |
Air India Charters Ltd. |
429,919,000 |
Leasing & hire purchase (Aircraft) |
12 years 2 months |
| 6 |
ECB |
National Aviation Company Of Ltd. |
1,020,245,000 |
Leasing & hire purchase (Aircraft) |
13 years 3 months |
| 7 |
ECB |
Export-Import Bank of India |
200,000,000 |
Onward/Sub-lending. |
5 years |
| 8 |
ECB |
Export-Import Bank of India |
50,000,000 |
Onward/Sub-lending. |
5 years |
|
