The Hindu : IFC to invest $21 m in CCIL

Online edition of India's National Newspaper
Sunday, November 11, 2001

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Business \| Previous \| Next IFC to invest $21 m in CCIL By Our Special Correspondent NEW DELHI, NOV. 10. The International Finance Corporation (IFC), a member of the World Bank group which undertakes financing of private sector projects, has decided to invest up to $20.5 million in Continental Carbon India Limited (CCIL) to support the growth of carbon black industry in India. IFC's funding will be utilised to expand production and improve environmental conditions at the plant. For this project, IFC will provide $9 million as long-term loan from its own accounts and will also mobilise an additional $11.5 million in syndicated loans from Raiffeisen Zentralbank, Bayerische Hypo-und Vereinsbank and BNP Paribas. CCIL is a wholly owned subsidiary of Continental Carbon Company of Houston, U. S. and was created from spin-off of the carbon black division of Oriental Carbon and Chemicals Limited. Send this article to Friends by E-Mail
Section : Business Previous : Stock futures make their debut Next : City Union Bank H1 income at Rs. 126 cr.
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Business \| Previous \| Next IFC to invest $21 m in CCIL By Our Special Correspondent NEW DELHI, NOV. 10. The International Finance Corporation (IFC), a member of the World Bank group which undertakes financing of private sector projects, has decided to invest up to $20.5 million in Continental Carbon India Limited (CCIL) to support the growth of carbon black industry in India. IFC's funding will be utilised to expand production and improve environmental conditions at the plant. For this project, IFC will provide $9 million as long-term loan from its own accounts and will also mobilise an additional $11.5 million in syndicated loans from Raiffeisen Zentralbank, Bayerische Hypo-und Vereinsbank and BNP Paribas. CCIL is a wholly owned subsidiary of Continental Carbon Company of Houston, U. S. and was created from spin-off of the carbon black division of Oriental Carbon and Chemicals Limited. Send this article to Friends by E-Mail
Section : Business Previous : Stock futures make their debut Next : City Union Bank H1 income at Rs. 126 cr.
Front Page \| National \| Southern States \| Other States \| International \| Opinion \| Business \| Sport \| Miscellaneous \| Magazine New \| Metro Plus New \| Open Page New \| Education New \| Book Review New \| Business New \| SciTech New \| Entertainment New \| Classifieds \| Employment \| Obituary \| Index \| Home
Copyright © 2001 The Hindu Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu