In the news
11 Jun 2008

PNB signs pact to fund infrastructure projects

Wednesday,Jun 11, 2008 Punjab National Bank (PNB) entered into a Memorandum of Understanding (MoU) with ILFS Cluster Development Initiative Ltd (ILFS-CDI) to help finance a variety of industrial infrastructure projects and small and medium enterprise (SME) units in identified clusters. Under the MoU, ILFS CDI will be responsible for sourcing of the projects, project structuring, project development, engineering and procurement, project management and project monitoring. PNB will finance the projects

In the news
17 Apr 2008

Palladam park: Making woven fabrics for home textiles market

The Rs 250-crore project set on a 65-acre site at the outskirts of Palladam on the Coimbatore-Tiruchi sector of the National Highway, was formally commissioned by Mr P. Chidambaram, Union Finance Minister The project has been promoted as a public-private partnership programme in which the small-scale powerloom weavers as promoters have brought in their investment to set up individual units. Infrastructure Leasing and Financial Services is the project management consultant and has also lent financial support to the project along with SIDBI and a consortium of bankers

In the news
19 Feb 2008

Coal India, IL&FS IDC to form JV for projects

State-owned Coal India and IL&FS Infrastructure Development Corporation, a wholly-owned subsidiary of IL&FS, on Tuesday entered into a memorandum of agreement to float a joint venture company for development of mines, power and coal-based projects. The JV would have 50 per cent equity contribution each by the two companies