The Punjab government laid the foundation stone for Phase I of the Amritsar bulk water supply project on February 22, 2021. The project involves the provision of 24×7 surface water (canal water) to the city […]
The municipal administration and water supply department of the Tamil Nadu government inaugurated the Kurichi and Kuniamuthur Water Supply Project on February 22, 2021. The project aims to fulfil the water supply needs of Kurichi […]
The central government has granted approval for the implementation of the Nag River Pollution Abatement Project. The project aims to rejuvenate the Nag and Pili rivers by laying 1,362.5 km of sewage lines in the […]
The Punjab government has laid the foundation stone for the Tajpur Road Sewage Treatment Plant Project. The project concerns the construction of a 225 mld STP at Tajpur Road in Ludhiana. It is expected to […]
The Uttar Pradesh government has allocated funds for various road projects under Budget 2021-22. Funds worth Rs 11.07 billion have been allocated for the Purvanchal expressway project, while Rs 14.92 billion has been allocated to […]
The Odisha government has allocated funds for various road projects under the Budget 2021-22. Funds worth Rs 22.96 billion have been allocated for the road development programme, with a physical target for the completion of […]
PNC Gomti Highways Private Limited, wholly owned subsidiary of PNC Infratech Limited, received communication from the National Highways Authority of India (NHAI) on February 12, 2021, confirming the achievement of financial closure of its project […]
The government has signed an agreement with the Asian Infrastructure Investment Bank (AIIB) for the Assam Intra-State Transmission System Enhancement Project. The estimated cost of the project is $365 million, of which $304 million will […]
The World Bank plans to introduce a $100 million credit guarantee scheme to support India’s rooftop solar programme. The scheme will allow micro, small and medium enterprises to avail of concessional debt financing for setting […]
Sadbhav Infrastructure Projects Limited will raise Rs 7 billion ($96 million) through non-convertible debentures (NCDs). The investor consortium will be led by Allianz Global Investors and joined by AMP Capital. The NCDs will have a […]
NTPC has raised Rs 9 billion by issuing unsecured, redeemable, taxable, listed, rated NCPs, of which Series-I debentures worth Rs 4 billion would mature on February 23, 2024 and Series-II debentures worth Rs 5 billion […]
REC Limited has raised $500 million through the issuance of bonds under its $7 billion global medium-term note programme, which would be used to finance the power sector. The notes will mature on September 1, […]
Bharti Airtel has raised $1.25 billion through the issuance of its first ever dual-tranche US dollar bond offering spread across senior and perpetual issuance. Airtel has priced its 10.25-year old senior bonds at $750 million […]
KKR-backed Virescent Infrastructure has floated the first infrastructure investment trust (InvIT) in the green power space and sought approval from the Securities and Exchange Board of India. The company is in the process of acquiring […]
RailTel’s initial public offer (IPO) was subscribed 42.39 times on the final day of subscription. As per National Stock Exchange data, the Rs 8.19 billion offer received bids for 2.59 shares against the 0.061 billion […]
National Investment and Infrastructure Fund Limited (NIIFL) has announced a commitment of $100 million from the New Development Bank (NDB) in the NIIF Fund of Funds (FoF). With NDB’s investment, the FoF has secured $800 […]
NHAI has raised around Rs 6.4 billion more than the base price for its fifth round of toll-operate-transfer (TOT) auctions. The authority received bids worth Rs 22.62 billion, against a reserve price of Rs 16.21 […]
Private equity major Blackstone Group is looking to acquire Embassy Industrial Parks from Warburg Pincus and the Embassy Group at an enterprise valuation of $700 million (Rs 51 billion). The transaction among Blackstone, Warburg Pincus […]
BigFoot Retail Solutions, which operates the e-commerce-focused logistics technology firm Shiprocket, has raised $27 million (Rs 2 billion) in an extended Series C round of funding. The round was co-led by the returning investor, Tribe […]
eBikeGo, an electric vehicle-based last-mile logistics firm, has raised $1.5 million (around Rs 110 million) in a pre-Series A fundraising exercise. The Mumbai-based eBikeGo has raised this capital from a cluster of new and existing […]
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