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SumanSpeaks Capital Markets & Geopolitical Intelligence · Estd 200 6 Turnaround Watch · EPC SEPC Ltd (₹6.54): From Stressed Asset to Strategic Platform Debt down from a peak of ₹907 crore to ₹351 crore. Two SAIL orders worth ₹1,527.89 crore landed inside eight weeks. A Dubai-headquartered promoter that bailed the company out of an RBI stressed-asset restructuring is now backing an ADNOC-linked entry into the Middle East. This is what a real turnaround looks like when you actually read the balance sheet instead of the ticker. 1 The Arc: From a ₹300 IPO to a Stressed Asset to a Rescue SEPC Ltd listed in February 2008 as Shriram EPC, priced at ₹300 a share, raising ₹150 crore under the Shriram Group — one of India's most recognised financial-services names, then led by T Shivaraman...
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Prime Minister steps up focus on infrastructure
Photo: India 272
New Delhi, Jul 27, 2014: With his party dragging the focus from development to aggressive Hindutva, Prime Minister Narendra Modi, who made it clear that the country needs “toilets not temples”, is all set to step on the gas. On Saturday, he not only launched a portal to directly interact with people to get ideas on governance and development, he met top babus of the infrastructure ministries with an aim to give the desired boost to the ongoing projects.

During his meeting with the secretaries of nine infrastructure ministries, Mr Modi deliberated on setting targets for 2014-15 and identifying key projects in sectors like road, power and railways.

According to sources, Planning Commission secretary Sindhushree Khullar made a 15-page presentation on the performance of core infrastructure ministries in 2013-14 and deliberated on the targets suggested by the ministries for the current fiscal.

Since Mr Modi took charge of the country, his government has been keen on speeding up infrastructure development and investment to boost economic growth, which remained at sub-5 per cent level in the previous two fiscals.

Secretaries and senior officials from nine infrastructure ministries were also present at the meeting on Saturday.

Courtesy: The Asian Age 

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