The Punjab government on January 6, 2020 approved the implementation of the Mohali waste-to-energy (WtE) plant project. The project involves development of a 7 MW WtE plant to be set up on 50 acres of […]
Construction work on the 15 MW Guntur WtE plant project is expected to be completed by April 2020. Currently, about 90 per cent of the work has been completed. The project involves development of a […]
DMRC has issued the letter of acceptance to the JV of Hindustan Construction Company Limited and Vensar Constructions Company Limited for a contract worth Rs 4.89 billion for civil works for Corridor 5 of the […]
The Kerala Infrastructure Investment Fund Board (KIIFB) has released funds worth Rs 3.2 billion as the first instalment to the National Highways Authority of India (NHAI) for acquisition of land for the Kasaragod-Thiruvananthapuram highway project. […]
The Uttar Pradesh government has sanctioned funds worth Rs 2 billion and Rs 14.6 billion for the Bundelkhand six-lane expressway project and the Purvanchal expressway project, respectively, in its second supplementary budget announced on December […]
The State Bank of India (SBI) has sanctioned a Rs 25 billion term loan to the Greater Hyderabad Municipal Corporation (GHMC), under the Strategic Road Development Plan (SRDP). The loan is payable over 15 years […]
The Asian Development Bank (ADB) and the central government have signed a $490 million loan for the public-private partnership (PPP) project to upgrade about 1,600 km of state highways and major district roads from single […]
Reportedly, GIC has accorded a Rs 7 billion-Rs 7.5 billion interim loan to IRB Infrastructure Developers Limited, a few months after it made a commitment that it would infuse Rs 44 billion in an infrastructure […]
The International Finance Corporation (IFC), the financial arm of the World Bank, will lend $36 million for a 250 MW solar project by Mahindra Renewables Private Limited (MRPL) in Rajasthan. Mahindra Susten won the bid […]
Bharti Airtel has begun its $3 billion fundraising exercise by launching qualified institutional placement (QIP) and foreign currency convertible bond (FCCB) issues worth $2 billion and $1 billion respectively. Airtel’s board has fixed the floor […]
NHAI is planning to raise about Rs 400 billion through monetisation of its highway assets through an InvIT. Besides, the authority has identified a number of completed road projects valued at about Rs 600 billion […]
The Department of Investment and Public Asset Management (DIPAM) is likely to appoint legal advisers for Telecommunications Consultants India Limited (TCIL) and WAPCOS soon, to steer their initial public offering (IPO) process. As per industry […]
Airtel Africa is planning to raise about $37.5 million (27.92 billion Malawian kwacha [MK]) through Airtel Malawi’s IPO. The company, which is a subsidiary of India-based Bharti Airtel, has set the price of the IPO […]
JSW Energy Limited has entered into an agreement with Jaiprakash Power Ventures Limited (JPVL) to restructure the principal outstanding amount of Rs 7.52 billion owed by the latter. Under key terms of the agreement, an […]
Fairfax India Holdings Corporation is trimming its stake in Bangalore International Airport Limited (BIAL), as the investment vehicle monetises a bet it first made less than four years ago. Fairfax India will reduce its stake […]
IRB Infrastructure Developers Limited has received an NOC from NHAI for transfer of nine build-operate-transfer (BOT) assets to IRB Infrastructure Trust and the subsequent investment by GIC affiliates for a 49 per cent stake in […]
KNR Constructions Limited has entered into a share purchase agreement dated January 9, 2020 with Cube Highways and Infrastructure III Private Limited to sell its entire equity stake in the toll road BOT asset KNR […]
The Greenko Group is planning to acquire a 40 per cent stake in Teesta Urja Limited’s (TUL) 1,200 MW hydropower project in north Sikkim. The transaction will increase Greenko’s operating renewable portfolio to 6.2 GW […]
Adani Ports and Special Economic Zone Limited (APSEZL) will be acquiring a 75 per cent stake in Krishnapatnam Port Company Limited. The estimated enterprise value of the proposed acquisition is Rs 135.72 billion. The transaction […]
APSEZL has agreed to acquire a controlling stake in Snowman Logistics Limited to expand its cold chain logistics and warehousing business. APSEZL, through its unit Adani Logistics Limited, will first acquire a 40.25 per cent […]
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