TaxTMI 
TaxTMI 
India Inc raises nearly USD 1.13 bn in Nov by ECBs
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....ndia Inc raises nearly USD 1.13 bn in Nov by ECBs <br>News and Press Release<br>Dated:- 27-12-2010<br><BR>Mumbai, Dec 27 (PTI) India Inc raised nearly USD 1.13 billion in November this year through external commercial borrowings (ECBs), according to the Reserve Bank data. Around 50 companies raised USD 946,321,713 through the automatic route for various projects, while USD 182,435,430 was raised by four companies under the approval route. Delhi-based Bhushan Steel garnered USD 300 million in ECBs under the automatic route for its domestic use (rupee expenditure). Bilt Graphic paper Products and Heidelberg Cement India raised USD 145 million (for rupee expenditure) and USD 125 million (for refinancing old loans), respectively, during the ....
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....month in ECBs. Corporates, registered under the Companies Act, 1956, can access ECBs, up to USD 500 million in a financial year, under the automatic route. The ECB, which is not covered by the automatic route, is considered under the approval route on a case-by-case basis by RBI. The Reserve Bank of India has today released the data on External Commercial Borrowings (ECB) and Foreign Currency Convertible Bonds (FCCB), both through Automatic Route and Approval Route, for the month of November 2010. Data on ECB/FCCB for the month of November 2010 * I AUTOMATIC ROUTE ECB/ FCCB Borrower Equivalent Amount in USD Purpose Maturity Period (Appx) 1 ECB Tanatex Chemicals India Pvt. Ltd. # 1,060,754.36 Other 1 Year 8 Months 2 ECB Moo....
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....g India Technology Center Pvt. Ltd. 1,000,000.00 Rupee Expenditure Loc.CG 8 Years 3 ECB Ashbee Industries India Pvt. Ltd. # 1,111,120.00 New Project 10 Years 1 Month 4 ECB VRV India Cryogenic Equipment Pvt. Ltd. 5,000,000.00 Modernisation 5 Years 8 Months 5 ECB Ixetic DSI Auto Products Pvt. Ltd. 109,285.34 Rupee Expenditure Loc.CG 4 Years 2 Months 6 ECB Ixetic DSI Auto Products Pvt. Ltd. 136,606.67 Rupee Expenditure Loc.CG 4 Years 8 Month 7 ECB A. A. Autotech Pvt. Ltd. 2,000,000.00 Import of Capital Goods 5 Years 2 Months 8 ECB Hwashin Automotive India Pvt Ltd. 15,000,000.00 Import of Capital Goods 5 Years 6 Months 9 ECB Kisan Mouldings Ltd. 7,450,000.00 Rupee Expenditure Loc.CG 7 Years 3 Months ....
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.... 10 ECB Thali Hotels & Destinations Pvt. Ltd. # 136,606.67 New Project 7 Years 10 Months 11 ECB Starragheckert Machine Tools Pvt. Ltd. 817,275.09 New Project 7 Years 5 Months 12 ECB S.K.Agrotech Industries Ltd. 1,248,011.21 Import of Capital Goods 5 Years 4 Months 13 ECB AVTEC Ltd. 5,000,000.00 Import of Capital Goods 5 Years 14 ECB Delphi-TVS Diesel Systems Ltd. 7,000,000.00 Modernisation 5 Years 15 ECB Bilt Graphic Paper Products Ltd # 145,000,000.00 Refinancing of old loans 4 Years 6 Months 16 ECB Husky Injection MS(Chennai)Pvt.Ltd. 9,000,000.00 Import of Capital Goods 3 Years 4 Months 17 ECB Heidelberg Cement India Ltd. 125,000,000.00 Rupee Expenditure Loc.CG 5 Years 3 Months 18 ECB Lanx....
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....ess India Pvt. Ltd. 15,700,000.00 New Project 5 Years 8 Months 19 ECB Kider (India) Pvt. Ltd. 1,912,493.36 New Project 7 Years 20 ECB A. A. Autotech Pvt. Ltd. 1,120,000.00 Import of Capital Goods 5 Years 21 ECB Focus Energy Ltd. 20,000,000.00 New Project 10 Years 5 Months 22 ECB Privi Organics Ltd. 8,000,000.00 Rupee Expenditure Loc.CG 5 Years 1 Month 23 ECB Precot Meridian Ltd. 3,150,000.00 Rupee Expenditure Loc.CG 5 Years 5 Months 24 ECB Rieter Nittoku Automotive Sound Proof Pr 1,346,100.14 Modernisation 4 Years 9 Months 25 ECB Sanmar Shipping Ltd 14,000,000.00 Import of Capital Goods 8 Years 26 ECB Phoenix Mecano (India) Ltd. 650,000.00 Modernisation 4 Years 27 ECB Inox India Limited ....
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.... 3,000,000.00 Overseas Acquisition 5 Years 28 ECB AMR Construction Ltd. 7,500,000.00 Rupee Expenditure Loc.CG 5 Years 29 ECB Epcos India Private Limited 5,000,000.00 Import of Capital Goods 3 Years 30 ECB IPN India Packaging Pvt.Ltd. 916,630.75 Modernisation 6 Years 5 Months 31 ECB Fiem Industries Ltd. 6,500,000.00 Modernisation 5 Years 3 Months 32 ECB Katsushiro Matex India Pvt. Ltd 7,000,000.00 New Project 5 Years 1 Month 33 ECB Myoung Shin India Automotive Pvt Ltd 7,000,000.00 Import of Capital Goods 5 Years 34 ECB The Great Eastern Shipping Co. Ltd. 49,000,000.00 Import of Capital Goods 10 Years 3 Months 35 ECB Greentech Plastwood Pvt. Ltd. 515,270.46 New Project 10 Years 4 Months 36 E....
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....CB Emuge India Pvt. Ltd. 409,820.01 Modernisation 6 Years 1 Month 37 ECB Bhushan Steel Limited 300,000,000.00 Rupee Expenditure Loc.CG 10 Years 38 ECB GPT Infraprojects Ltd. 1,000,000.00 Import of Capital Goods 5 Years 39 ECB Telco Construction Equipment Company Ltd 20,000,000.00 Rupee Expenditure Loc.CG 4 Years 40 ECB RR Kabel Ltd. 6,800,000.00 Import of Capital Goods 5 Years 41 ECB Ram Ratna Wires Ltd. 4,500,000.00 Import of Capital Goods 5 Years 42 ECB Bhaskar Exxoil Pvt. Ltd. 8,400,000.00 Import of Capital Goods 10 Years 43 ECB Bellsonica Auto Component India Pvt. Ltd 4,244,481.69 Modernisation 12 Years 44 ECB Apollo Tyres Ltd. 20,000,000.00 Modernisation 7 Years 7 Months 45 ECB Met....
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....alsa India Pvt. Ltd. 15,000,000.00 New Project 3 Years 3 Months 46 ECB Diab Core Materials Pvt. Ltd. 400,000.00 Import of Capital Goods 3 Years 1 Month 47 ECB Corewire Surface Technology Pvt Ltd. 399,003.29 Modernisation 3 Years 2 Months 48 ECB National Polyplast (India) Ltd. 2,665,682.00 Import of Capital Goods 5 Years 7 Months 49 ECB ABP Induction Systems Pvt. Ltd. 71,000.00 Modernisation 5 Years 50 ECB Ind Swift Laboratories Ltd 20,000,000.00 Modernisation 6 Years 4 Months 51 ECB The Kutch Salt and Allied Industries Ltd 1,835,985.00 Rupee Expenditure Loc.CG 7 Years 1 Month 52 ECB India Gateway Terminal Pvt. Ltd. 20,000,000.00 Port 5 Years 3 Months 53 ECB Great Offshore Ltd. 42,215,587.00 ....
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.... Overseas Acquisition 6 Years 1 Month Automatic Route Total 946,321,713 * Based on Form 83 submitted for allotment of Loan Registration Number # clarification sought from the company in regard to conformity with end-use requirement, eligibility of the borrower and other parameters of ECB. II APPROVAL ROUTE 1 ECB Tristar Container Services (Asia)Pvt.Ltd 11,215,000.00 Import of Capital Goods 11 Years 1 Month 2 ECB L&T Sapura Shipping Pvt Ltd. 126,730,000.00 Import of Capital Goods 6 Years 8 Months 3 ECB L&T Sapura Shipping Pvt Ltd. # 14,213,000.00 Import of Capital Goods 1 Day 4 ECB Bekaert Industries Pvt. Ltd. 29,602,665.14 Import of Capital Goods 5 Years 8 Months 5 ECB Heerema Marine Contractors India Pvt. L....
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.... 652,765.00 Rupee Expenditure Loc.CG 5 Years 1 Month Approval Route Total 182,413,430 Grand Total 1,128,735,143<BR> News - Press release - PIB....