subject to Rs. 35 crores term loan being disbursed before September 2015.The cost of project in Table 3 includes the expenses incurred for pre operation of project and Interest during construction (IDC) appropriated in fixed assets. The cost actually incurred till 31st March 2015 is shown in Table 4
4.59 PM Sep 20th
Hi Bluesymonk, IDC happens only in BOT project and in Annuity projects the interest has to paid for day one when the debt is taken. I would suggest you to see some of the management interviews. Guess this is the main difference in our view for bearish and bullish. I hope some other boarders can
1.47 PM Aug 30th
Let me also settle this nonsense about CNTL making a difference to cashflows once and for all. The reality is as follows: 1) 70 to 75 % of the annuity will go towards servicing Interest & Principal. This is currently being met through Interest During Construction (IDC) funded by banks as part
1.40 PM Aug 29th
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