Anil Sardana, Chief Executive Officer and Managing Director, Tata Power
The Indian power sector today is facing a strange conundrum where existing power plants […]
Moradabad Bareilly Expressway Limited (MBEL), the SPV incorporated by IL&FS Transportation Networks Limited (ITNL), has refinanced its debt availed for the implementation of the Moradabad-Bareilly four-laning highway project (NH-24). Earlier, of the total cost, Rs […]
Australia-based Macquarie Group has agreed to buy 330 MW of operational solar assets from Hindustan Powerprojects Private Limited. The deal has a total value of $660 million. The proposed deal will facilitate the Macquarie Group’s […]
The merger of Cairn India with Vedanta has been completed. The merged entity will have a pro forma market cap of $15.6 billion. The merged company will preserve the “Cairn” brand. For each equity share […]
RCOM has received shareholder approval for the merger of its wireless business with Aircel and Dishnet Wireless. The shareholders have approved (with 99.99 per cent majority) the scheme of arrangement for the demerger of RCOM’s […]
Reliance Infratel Limited, a subsidiary of Reliance Communications (RCOM), has received shareholder approval for the demerger of its tower division into Towercom Infrastructure Private Limited (TIPL). According to RCOM, shareholder approval came in with a […]
Gammon Infrastructure Projects Limited (GIPL) has acquired a 24 per cent stake in Indira Container Terminal Private Limited (ICTPL) from Spain’s Noatum Ports, S.L.U. for Rs 150 billion. A total of 24.37 million of equity […]
GR Infraprojects Limited has sold two of its road projects – the Jodhpur-Pali four-laning highway project (National Highway [NH]-65) and Shillong Bypass two-laning road project (NH-40 and NH-44) to IDFC Alternatives’ India Infrastructure Fund II. […]
Vodafone India has agreed to sell an additional 9.5 per cent stake to the Aditya Birla Group after the two companies merge their telecom operations. The additional stake will be sold for Rs 130 per […]
IDFC Alternatives, the private equity arm of IDFC Bank, has bought a 33 per cent stake in New Silk Route (NSR)-backed tower company Ascend Telecom Infrastructure Private Limited. IDFC Alternatives bought Ascend Telecom’s shares worth […]
One97 Communications is set to raise over Rs 120 billion from Japan’s media and telecom conglomerate SoftBank. The deal will result in SoftBank securing a 20 per cent stake in the company. In 2016, Paytm, […]
The IPO of the IRB InvIT Fund, the country’s first InvIT to hit the primary market, closed on a strong note on May 5, 2017 with the issue being oversubscribed by 8.6 times. The issue […]
Sterlite Power Grid Ventures has reduced the initial share sale size of its InvIT to Rs 22.5 billion from the Rs 26.5 billion proposed earlier. In December 2016, Sterlite Power Grid Ventures had filed draft […]
Cochin Shipyard Limited has received approval from the Securities and Exchange Board of India (SEBI) for its initial public offering (IPO). The shipyard is looking to raise around Rs 15 billion from the offering. As […]
State-run power companies are planning to raise nearly $1 billion (about Rs 64 billion) through masala bonds in the UK during 2017-18. While NTPC Limited is expected to raise Rs 20 billion-Rs 30 billion to […]
The MoRTH has received an overwhelming response for the National Highways Authority of India’s (NHAI) masala bond issue at the London Stock Exchange. The initial benchmarked issue of Rs 15 billion was upsized to Rs […]
The Government of India and the Japan International Cooperation Agency have signed an ODA loan agreement worth Rs 40 billion for Phase I of the North-East Road Network Connectivity Improvement Project. Phase I of the […]
The Housing and Urban Development Corporation, under the Ministry of Housing and Urban Poverty Alleviation, has approved a loan worth Rs 8 billion for the Mumbai-Nagpur Communication Expressway Project. The loan has been approved for […]
The World Bank’s board approved a loan of Rs 24.23 billion ($375 million) for capacity augmentation of National Waterway-1 on April 12, 2017. The loan will be provided by the International Bank for Reconstruction and […]
China-sponsored Asian Infrastructure Investment Bank (AIIB) has approved a $160 million loan for a power project in Andhra Pradesh, the first credit from the bank for an Indian project. The AIIB, in which India is […]
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