The Ministry of Rural Development (MoRD) has approved funds worth Rs 36.93 billion for 703 road projects and 73 bridges in Jammu & Kashmir under the Pradhan Mantri Gram Sadak Yojana. Roads spanning a length […]
The National Highways Authority of India (NHAI) has agreed to provide financial assistance to the Jaipur Development Authority (JDA) for the acquisition of 26 hectares of land for the Jaipur ring road project. The land […]
The National Bank for Agriculture and Rural Development (NABARD) has sanctioned a Rural Infrastructure Development Fund (RIDF) loan assistance of Rs 2.66 billion for the upgradation of rural roads and bridges in Punjab. These funds […]
Azure Power Global Limited has received debt funding of $135 million (Rs 9 billion) from the International Finance Corporation (IFC) and three European lenders, for the expansion of its solar rooftop unit. IFC will provide […]
The World Bank has approved a Rs 60 billion central scheme, Atal Bhujal Yojana (ABHY), in a bid to improve groundwater management in priority areas across the country. It aims to achieve the same through […]
The central government has signed a $500 million loan agreement with the World Bank to provide additional financing for the Pradhan Mantri Gram Sadak Yojana (PMGSY) rural roads project. The loan has a three-year grace […]
The World Bank has withdrawn funding for the Rs 3.18 billion Kakinada-Rajamahendravaram road project in Andhra Pradesh on account of non-execution of work in the past five years. A four-lane, 16 km road had been […]
Power Grid Corporation of India Limted (Powergrid) is planning to raise between Rs 20 billion and Rs 30 billion via masala bonds in fiscal year 2018-19. The state-owned entity is planning a capex of Rs […]
Reportedly, the Greater Hyderabad Municipal Corporation (GHMC) is planning to raise Rs 2 billion as a second tranche from the Rs 10 billion allocated to be raised through municipal bonds for the ongoing Strategic Road […]
The Securities and Exchange Board of India (SEBI) has introduced guidelines that allow listed infrastructure investment trusts (InvITs) to raise capital by way of preferential allotment to institutional investors. InvITs can now allot units to […]
State-owned engineering consultancy RITES Limited will launch its Rs 4.66 billion initial public offering (IPO) on June 20, 2018. The sale will close on June 22, 2018. The company has set a price band of […]
Public sector firm ITI Limited is planning to come out with a fresh issue of shares through a follow-on public offer (FPO) between July and August 2018. The Cabinet Committee on Economic Affairs has approved […]
State-run Rail Vikas Nigam Limited (RVNL), a special purpose vehicle (SPV) created in 2003 for rail project development and mobilising financial resources, has received regulatory approval for an IPO. The government will sell a little […]
Simplex Infrastructures has launched a qualified institutional placement to raise a sum of Rs 4.02 billion. The company has sold 7.07 million equity shares at Rs 569 each, including a premium of Rs 567 per […]
Ahmedabad-based civil construction firm Montecarlo Limited has filed a draft red herring prospectus for an IPO comprising a fresh issue of equity worth Rs 4.5 billion and a sale of 3 million shares by the […]
Private equity (PE) player KKR is set to acquire a 60 per cent stake in Hyderabad-based waste management company Ramky Enviro Engineers Limited for around $600 million (Rs 40 billion). Ramky’s promoters and its existing […]
In one of the largest rounds of funding in the renewable energy segment, GIC Holdings Pte Limited and the Abu Dhabi Investment Authority (ADIA) will invest a combined $450 million (Rs 30 billion) of equity […]
The board of directors of container logistics firm Gateway Distriparks has approved the acquisition of the entire shareholding held by Blackstone in compulsorily convertible preference shares and equity shares in Gateway Rail Freight for a […]
Reportedly, Abu Dhabi National Oil Company (ADNOC) will pick up a stake in the $44 billion refinery-cum-petrochemical project planned in Ratnagiri district of Maharashtra. Saudi Aramco had, in April 2018, signed an agreement to take […]
The board of Sical Logistics Limited (SLL) has granted in-principle approval to the acquisition of the 11 per cent equity stake held by L&T Infrastructure Development Projects Limited (L&T IDPL) in Sical Iron Ore Terminal […]
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