In an interview with CNBC-TV18, S Kishore Babu, Chairman and Managing Director of Power Mech Projects says that new orders, expansion and reduced debt will ensure better growth in the current year.
Unable to secure long-term loans from Indian banks, Norway's Telenor hopes to reach a consensus on a Rs 6,500 rights issue with its Indian partner in joint venture Unitech Wireless, which offers telecom services under the brand name Uninor, within a month.
State-run MTNL has invited expression of interest (EoI) from banks for providing long-term loans of Rs 1,500 crore to repay its debts and meet operational expenses.