The Oil and Natural Gas Corporation (ONGC) has won seven out of the 11 oil and gas exploration blocks and Oil India Limited (OIL) has won the remaining four blocks offered for bidding in the […]
In a first, AirAsia India has added an Airbus A320neo to its fleet. The aircraft arrived in New Delhi on October 21, 2020, from Airbus’s production facility in Toulouse, France. The A320neo is a 186-seater […]
AAI handed over the Mangaluru and Lucknow airports to the Adani Group on a lease basis for a period of 50 years at midnight on October 30, 2020 and at midnight on November 1, 2020 […]
The Airports Authority of India (AAI) is planning to develop at least 100 airports, waterdromes and heliports by 2024 under the Regional Connectivity Scheme (RCS). The scheme is aimed at providing affordable, economically viable and […]
The Department of Economic Affairs has notified that operating leases, financial leases and any hybrid of operating and financial leases for aircraft, helicopters, engines or any other parts will be treated as “financial products” under […]
The government has issued a set of revised guidelines for international arrivals, under which travellers seeking exemption from institutional quarantine will need to submit a negative RT-PCR report 72 hours before undertaking the journey. India-bound […]
The Directorate General of Civil Aviation (DGCA) has extended the suspension of international flights to and from India till November 30, 2020. However, international all-cargo operations and flights specifically allowed to operate by the aviation […]
The Ministry of Home Affairs has announced an easing of visa and travel restrictions for foreign and Indian nationals. The ministry announced that it is restoring, with immediate effect, all categories of visas that will […]
The Power Finance Corporation (PFC) has sanctioned Rs 27.9 billion to Jammu & Kashmir Power Corporation Limited (JKPCL) for clearing its outstanding dues. PFC and JKPCL signed and exchanged an agreement for the Liquidity Infusion […]
HDFC Bank has entered into an agreement to provide funds worth Rs 5 billion for the Jewar airport project in Greater Noida. The funds will be provided at an interest cost of the marginal cost […]
The Asian Development Bank (ADB) has approved a $132.8 million loan to improve and upgrade the power distribution network in Meghalaya. The project will include construction of 23 substations, renovation and modernisation of 45 substations, […]
Deutsche Investitions- und Entwicklungsgesellschaft (DEG), a German development finance institution, has committed funding of $10 million to Avaada Energy Private Limited for the development of 4.3 GW of renewable capacity by 2022. The funding will […]
Ashoka Kandi Ramsanpalle Road Private Limited, a wholly owned subsidiary of Ashoka Buildcon Limited, has received the financial closure letter (dated October 23, 2020) from the National Highways Authority of India (NHAI). The company achieved […]
Sterlite Power has achieved financial closure for its Vapi II North Lakhimpur Transmission Limited project by securing the entire debt funding of Rs 20.7 billion from PFC. The financial closure has been achieved within four […]
ADB and the Indian government have signed a $177 million loan to upgrade 450 km of state highways and major district roads in Maharashtra. The Maharashtra State Road Improvement Project will upgrade two major district […]
ReNew Power has raised about $325 million through an overseas green bond sale as the company aimed to repay high-cost local debt and expand capacity. Reportedly, the bonds were initially planned to offer 5.875 per […]
The Securities and Exchange Board of India (SEBI) has allowed unlisted infrastructure investment trusts (InvITs) to come up with rights issues in a bid to make it easier for them to raise funds. According to […]
Reportedly, NHAI is set to come up with its Rs 50 billion InvIT by early 2021. NHAI’s InvIT, the first to be sponsored by any government entity in the country, will initially consist of the […]
Reportedly, Infrastructure Leasing & Financial Services [IL&FS] Limited has finalised the InvIT structure for its road assets in order to resolve its debt of about Rs 150 billion. IL&FS has set up Roadstar Infra Private […]
The Abu Dhabi Investment Authority (ADIA) and Saudi Arabia’s Public Investment Fund (PIF) have jointly invested $1.01 billion in the Digital Fibre Infrastructure Trust (DFIT), which holds Reliance Industries Limited’s (RIL) fibre optic assets. According […]
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