Motilal Oswal private equity (PE)-backed GR Infraprojects Limited has received regulatory clearance from SEBI for its proposed IPO. The IPO aims to raise Rs 2.4 billion ($36 million) via a fresh issue of shares, in […]
Housing and Urban Development Corporation Limited (Hudco) has filed the draft red herring prospectus for an IPO with SEBI, seeking to become the first state-run company to go public in nearly five years. The government […]
Reliance Infrastructure Limited (RInfra) has filed a draft red herring prospectus with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) of its InvIT. The InvIT aims to raise Rs […]
The National Highways Authority of India (NHAI) has garnered a sum of Rs 5.02 billion through the issuance of debt securities on the BSE’s electronic book mechanism platform. The issue was oversubscribed by over 10 […]
YES Bank has raised Rs 3.3 billion through green infrastructure bonds on a private placement basis. The bonds are to be listed on the Bombay Stock Exchange (BSE) and will have a seven-year tenure, offering […]
JSW Energy Limited’s board has accorded approval for raising funds up to Rs 7.5 billion through the private placement of redeemable NCDs. The proceeds from the issue will be utilised for general corporate purposes, business […]
Idea Cellular is planning to raise up to Rs 10 billion by selling unsecured non-convertible debentures (NCDs). The company will sell five-year corporate bonds offering an interest rate of 7.77 per cent. The proceeds of […]
The Maharashtra State Road Development Corporation (MSRDC) has unveiled plans to raise funds worth Rs 267 billion for the Mumbai-Nagpur Communication Expressway project. While the Asian Development Bank (ADB) is expected to provide Rs 137.5 […]
GMR Infrastructure Limited has sought debt restructuring for its 1,370 MW thermal power plant (TPP) at Raikheda in Chhattisgarh from a consortium of 17 lenders. These include Axis Bank, the Power Finance Corporation, Bank of […]
The Mumbai Metropolitan Region Development Authority (MMRDA) has proposed splitting the loan for the Mumbai Trans Harbour Link (MTHL) project into two parts. The Japan International Cooperation Agency (JICA)has given in-principle approval for funding Rs […]
Jet Airways is planning to raise $100 million (approximately Rs 6.8 billion) in dollar-denominated debt by March 2017 to refinance its rupee-based loans. With this move, the airline aims to halve its borrowing rate to […]
The Ministry of Urban Development has released an additional Rs 2.5 billion for the Lucknow metro project. Earlier in 2016, the ministry had released Rs 3 billion towards the project, taking the total assistance so […]
The Ministry of Road Transport and Highways has sanctioned Rs 80 billion for the development of national highways in Telangana. Some of these roads are Surya Pet-Khammam, Manheryal-Chandrapur, Sangareddy-Nanded, Jagityal-Karimnagar-Warangal and Kodad-Khammam.The state government has […]
The centre has sanctioned Rs 32.24 billion for several urban infrastructure projects, including water supply and sewage management, in Rajasthan. The funds have been sanctioned under the Atal Mission for Rejuvenation and Urban Transformation scheme. […]
The National Capital Region Planning Board (NCRPB) has disbursed the first installment of Rs 4.06 billion for the under-construction Noida-Greater Noida metro project. A loan of Rs 5.8 billion will be given by NCRPB in […]
The Amritsar bus rapid transit (BRT) project in Punjab has been inaugurated. It involves the development of a 31 km long BRT system in the city. Three routes are being developed under the project: the Atari […]
The foundation stone for Phase I of the Pune metro rail project in Maharashtra has been laid. At present, the preliminary survey work for the project is being undertaken. The actual construction work is likely […]
The Sulthan Bathery Municipal Corporation in Kerala has signed an MoU with Didask Bioenergy Private Limited for the development of a waste-to-energy plant in the town. The plant will have the capacity to process five […]
The Maharashtra government has inaugurated the 130 mld Bhandewadi sewage treatment plant (STP). Once the plant commences operations, the Nagpur Municipal Corporation will supply treated sewage from the STP to the Maharashtra State Power Generation […]
The National Mission for Clean Ganga (NMCG) has approved sewage treatment projects worth Rs 2.55 billion for the cities of Haridwar and Varanasi. Two projects, aimed at developing sewage treatment plants (STPs) with capacities to […]
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