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Large ECBs for power & capital goods in August 2012 India

TrustmanBlog Data Collection Legal Outsourcing IndiaLarge ECBs for power & capital goods in August 2012 India

Apr

30

Large ECBs for power & capital goods in August 2012 India

ECBs fell by around 28% during Apr- Aug2012 at US$11.52bn as compared with US$15.92bn in Apr- Aug 2011. Indian firms have raised US$2.36Bn through external commercial borrowings (ECBs) in the month of August 2012 by automatic and approval route during the period. The borrowings have declined from US$3.70Bn in August 2011 to US$2.36Bn in August 2012. ECBs fall 27.6% as compared with the corresponding period last year, borrowings declined to US$11.52bn in Apr-Aug FY2013 from US$15.92bn in Apr-Aug FY2012. External commercial borrowings (ECBs) since January 2011.

A closer look at the ECBs pattern reveals that the lion’s share in ECB during the month of August is held by the power sector and capital goods sector, contributing to about 46% of the total, followed by new projects (17.02%), modernisation (6.85%), and roads (2.21%).

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