Friday, August 14, 1998
Centre to kick off public expenditure on infrastructure in mid-September
The government will go on a spending spree on infrastructure projects from mid-September to generate demand and prompt the economy to effectively tide over the recessionary phase. This was indicated by finance minister Yashwant Sinha in New Delhi on Thursday.
Reliance raises $40m 7-year overseas loan; buys back 10-year loan
Reliance Industries has concluded its first major international transaction of 1998-99 by raising a $40-million seven-year foreign-currency loan, with a simultaneous and proportional buyback of its 8.125% 10-year $150- million Yankee bond, issued in September, 1995.
Bechtel, Raytheon, Duke-Fluor Daniel in race for AES contract
Three multinational consortia, led by Bechtel Overseas Corporation, Raytheon International Inc and Duke-Fluor Daniel, are in the race for the engineering, procurement and construction (EPC) contract for the 500mw fast-track AES Ib Valley thermal power project in Orissa.
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