Over 78 percent of accountants said they experienced the need for accuracy verification in entered data, resulting in heightened labor-intensity during audit preparations, the study added
The total project cost is Rs 5723.72 crore which will be funded through a combination of 30 percent equity and 70 percent debt, said RN Misra, CMD, SJVN.
In order to revitalise the stalled highway projects, Road and Transport Minister Nitin Gadkari on Monday met bankers in Mumbai to discuss funding of highway projects.
NHAI has moved to address the concerns of lenders with regards to hybrid annuity model (HAM) projects and one can expect some sort of relief come for the lenders in a month or two.
Engineering products manufacturer Good Luck Steel Tubes on Tuesday said the company's Board has approved expansion plans for its structural steel business.
The public sector lender engaged in infra financing had a gross NPA of around 1.1 per cent by the end of first half of this fiscal. The company, which has a restructured book of around Rs 3,000 crore as of now, has seen addition of Rs 600 crore in this account in the current financial year.
Because of the negative economic environment, it will be difficult for banks to fund the large ticket infrastructure projects.
Gammon Infrastructure Projects has received financial closures for five road projects spread across different states. The company received a total grant of over Rs 1,000 crore for these projects.
Sandeep Shenoy, Head of Research, Antique Stock Broking talks to CNBC-TV18 about his cherry picks for the day.
IL&FS Financial Services (IFIN), the investment banking arm of the IL&FS Group, today announced financial closure for its five projects worth Rs 7,430 crore.
