ITI Limited has won two projects worth Rs 26.58 billion under tenders issued by the Maharashtra Information Technology Corporation as part of BharatNet Phase II. Approximately 38,000 km of optic fibre cable (OFC) has to […]
Reliance Communications (RCOM) has completed the sale of its fibre and related infrastructure assets amounting to Rs 30 billion to RJIL. With the completion of this transaction, RCOM has transferred 178,000 km of fibre to […]
The Delhi Metro Rail Corporation commenced trial runs on the Lajpat Nagar-Mayur Vihar Pocket 1 stretch of the Delhi metro project, Phase III, on September 5, 2018. The 9.7 km stretch is a part of […]
The Nigdi-Dapodi corridor (Corridor 1) of the Pimpri Chinchwad bus rapid transit (BRT) project commenced operations on August 24, 2018. The project involves the improvement of the 45.86 km road network in Pimpri-Chinchwad city by […]
The Rajasthan government has formed the Jaipur Water Supply and Sewerage Board (JWSSB) for the management of water supply and sewerage services in urban areas of the city. JWSSB, an autonomous body, has been constituted […]
The 24×7 Manimajra water supply project in Chandigarh has been approved by the board of directors of Chandigarh Smart City Limited. The project will be implemented by the Municipal Corporation of Chandigarh. It is being […]
The Corporation of Chennai has passed a council resolution for the installation of two waste-to-energy (WtE) plants at the Kodungaiyur and Perungudi landfills in Chennai, Tamil Nadu. The project also involves the construction of piggyback […]
Chennai Metro Rail Limited (CMRL) has commenced trial runs on the AG-DMS-Washermanpet section of Phase I of the Chennai metro. The section spans 9.5 km (underground) and covers eight stations. Civil works are expected to […]
The West Bengal government has approved Rs 10.98 billion for the construction of a bridge over the Bhagirathi river, connecting Kalna in Burdwan with Shantipur in Nadia. The project will be carried out by the […]
The National Highways Authority of India (NHAI) has achieved financial closure for the first bundle of toll, operate and transfer (TOT) projects. An upfront payment of Rs 96.81 billion was made by the Macquarie Group […]
NHAI is expected to borrow at least Rs 250 billion as a loan from public sector banks including the State Bank of India (SBI). The authority recently received a loan of Rs 250 billion from […]
Five state agencies will provide a cumulative loan of Rs 50 billion to the Maharashtra State Road Development Corporation (MSRDC) for the construction of the Mumbai-Nagpur Expressway. These are the Maharashtra Industrial Development Corporation, the […]
The Asian Development Bank (ADB) has approved a loan worth Rs 17.35 billion ($245 million) for the West Bengal Drinking Water Sector Improvement Project. The project aims to provide safe, sustainable and inclusive drinking water […]
The World Bank has granted in-principle approval for a financial assistance package of Rs 9.29 billion for a water supply and sewage project in Shimla. The assistance will be provided as a development policy loan. […]
The central government, the World Bank and Energy Efficiency Services Limited (EESL) have signed a $220 million loan agreement and a $80 million guarantee pact to push the country’s energy efficiency programme. The programme, which […]
Jet Airways has received liquidity support of $300 million in the form of advance lease incentives and borrowings from domestic banks to overcome a financial crisis. The airline had reported a second consecutive quarterly loss […]
The Greater Hyderabad Municipal Corporation (GHMC) has raised Rs 1.95 billion through municipal bonds for financing road development projects in Hyderabad. These 10-year bonds were offered at a coupon rate of 9.38 per cent. The […]
Vodafone Idea, the merged entity of Vodafone India and Idea Cellular, has raised Rs 15 billion by way of non-convertible debentures (NCDs) on a private placement basis. This is the first debt the company has […]
The Standing Committee of the South Delhi Municipal Corporation gave its nod for issuing bonds worth Rs 5 billion to raise funds for various projects. The financial instrument will be issued for a period of […]
Tata Power’s wholly owned subsidiary Coastal Gujarat Power Limited has raised Rs 27 billion via the issuance of NCDs on a private placement basis. The NCDs were issued in two series – Series I NCDs […]
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