In January 2012, Bhilwara Energy Limited (BEL) achieved financial closure for its 120 MW Likhu IV hydro electric Project in Nepal. While the total capital requirement of the project is Rs 1,020 crore, BEL raised Rs 663 crore from a consortium of Indian and Nepali Banks. The members of the consortium include IDBI Bank, Oriental Bank of Commerce, Punjab & Sind Bank, Exim Bank, PTC Financial Services and Everest Bank of Nepal. The project is being developed by BEL's SPV - Green Venture, registered in Nepal and is a JV company with Triveni Energy of Nepal. The SPV has already acquired over 90 per cent of the required project land and has begun preconstruction activities.

This apart, NTPC has signed a 50:50 JV agreement with Bangladesh Power Development Board (BPDB) for a 1,320 MW power project in Bangladesh. Under the pact, a JV company will be floated to install and operate the plant while the BPDB and the NTPC will implement the $1.5 billion (approx Rs 7,425 crore) project. The plant will be set up at Bagerhat's Rampal and is expected to be commissioned by 2015. Besides, NTPC is likely to achieve financial closure for its 2x500 MW project in Sri Lanka by September 2012. Construction work on the same is likely to commence by April 2013. The project is to be implemented by Trincomalee Power Company, a 50:50 JV company between NTPC and the Ceylon Electricity Board, Sri Lanka.

Indian Hotels Company (IHCL), which operates through different brands of Taj Hotels Resorts and Palaces, including luxury Taj, Vivanta, Gateway, and Ginger is geared to expand in overseas markets. IHCL has signed an MoU with Yunnan Tourism Co to open hotels in Yunnan Province of China. The MoU envisages cooperation for a JV with Yunnan Tourism Co to engage in the development, construction, operation and management of two hotels in Kunming Expo Garden situated in Yunnan province. While the Taj Temple of Heavens will be a luxury hotel, resort and palaces with 200 rooms, the Vivanta by Taj in Hinan will have about 300 rooms. However, financial details have not been disclosed. Besides, Taj will also manage a 300 rooms key luxury resort in Hainan Island. Its hotel in Morocco is slated to open doors soon. It will be followed by another property; the Taj Temple of Heavens in Beijing. The 200 rooms property will be in the luxury segment.