GMR Hyderabad International Airport Limited (GHIAL) is planning to raise $350 million (about Rs 22.76 billion) in the international bond market. This is the third consecutive US dollar bond offering by the GMR Group. GHIAL […]
Tata Teleservices (Maharashtra) Limited’s (TTML) board of directors has cleared a proposal for raising up to Rs 200 billion either through an issue of preference shares to promoters or via debentures. The move comes close […]
The Greenko Group has raised Rs 30 billion from 10-year rupee-denominated bonds through 10 special purpose vehicles. The bonds offer a semi-annual interest rate of 8.75 per cent and will be used to develop a […]
Power Grid Corporation of India Limited is planning to raise Rs 30 billion through masala bonds by end-March 2018. The company has already approached the Reserve bank of India to seek approval for the same. […]
The National Highways Authority of India (NHAI) plans to raise Rs 100 billion by selling 10-year bonds at a coupon rate of 7.5 per cent. The Ministry of Road Transport and Highways has further proposed […]
The State Bank of India (SBI) has extended loans of over Rs 23 billion to seven companies for financing 575 MW of grid-connected solar rooftop projects. These companies are JSW Energy, Tata Renewable Energy, the […]
Energy Efficiency Services Limited (EESL) has entered into a partnership with the Global Environmental Facility (GEF) to receive funding of $454 million for the Creating and Sustaining Markets for Energy Efficiency project. The funding, which […]
KfW, the German development bank, will provide a Rs 11.5 billion loan to the Uttarakhand government to implement projects under the Namami Gange programme. The loan will be utilised to set up a network of […]
The Ministry of Shipping (MoS) has sanctioned funds worth Rs 250 million as grants-in-aid to the Jawaharlal Nehru Port Trust and Rs 500 million to the Karnataka government for the Karwar port for developing various […]
The centre has approved Rs 14 billion for eight cities in the Northeast under the Smart Cities Mission, covering 464 projects including water and sewerage projects. Of these, 24 projects costing Rs 3 billion, identified […]
The central government has unveiled a plan for support of Rs 2.11 trillion for public sector banks in order to spur genuine infrastructure lending for upcoming mega projects. Bad loans and stressed assets in the […]
The installation of signalling and telecommunications (S&T) systems is essential for safe and speedy train operations. S&T systems ensure the effective utilisation of a large fleet of locomotives and rolling stock and administer the entire […]
The Delhi Metro Rail Corporation (DMRC) has completed the construction of a viaduct for the Noida-Greater Noida Metro Rail Project in Uttar Pradesh. Work on the project commenced in May 2015 with the first girder […]
Chennai Metro Rail Limited (CMRL) has commenced preliminary works for acquiring land for the Chennai Metro Rail Project, Phase II, in Tamil Nadu. The authority is currently conducting field surveys to map the land and […]
The Jammu & Kashmir government has sanctioned a waste-to-energy plant at Achan under the Srinagar Solid Waste Management Project. The plant is expected to generate around 5 MW of electricity by processing 300 tonnes per […]
The Greater Noida Authority has finalised Sector 123 as a landfill site for the implementation of the Greater Noida Common Municipal Solid Waste Management Project in Uttar Pradesh. The solid waste management (SWM) project had […]
The Pimpri Chinchwad Municipal Corporation (PCMC) in Maharashtra has received state government approval to implement a Rs 1.48 billion drainage project under the Atal Mission for Rejuvenation and Urban Transformation. The project entails laying 210 […]
The Chennai Metropolitan Water Supply and Sewerage Board in Tamil Nadu is implementing a project to provide 24×7 potable water supply to 13 million people covering an area of 1,500 square km, along with 100 per cent sewerage […]
The Pune Municipal Corporation in Maharashtra has reduced the estimated cost for the 24×7 metered water supply project by Rs 2.9 billion. The project cost now stands at Rs 23.25 billion from the earlier projection […]
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