Adani Transmission Limited is raising up to $1.15 billion through offshore loans to fund at least four projects in Gujarat and Maharashtra. The four projects are the Western Region Strengthening Scheme, Lakadia Banaskantha Transco, Kharghar […]
The Kotak Special Situations Fund (KSSF), the $1 billion investor in distressed assets, is close to taking control of Telangana-based HKR Roadways, an SPV building the 207 km Hyderabad-Karimnagar-Ramagundam highway. Hyderabad-based Gayatri Highways Limited controls […]
JSW Energy has signed a business transfer agreement with JSW Cement for the sale of an 18 MW thermal power plant at Salboni in West Bengal for Rs 956.7 million. Earlier, the board of JSW […]
In September 2011, Tindharia, a picturesque town located on the Siliguri-Darjeeling highway NH-110 (previously NH-55) in West Bengal, India experienced massive landslides following an earthquake and heavy rainfall. The landslide significantly affected three locations – […]
The National Company Law Tribunal has approved a Rs 2.01 billion resolution plan proposed by Kalyan Toll Infrastructure Limited for Lanco Infratech Limited’s Bengaluru-Hoskote-Mulbagal toll road project. The Lanco Hoskote Highway Limited project will be […]
Adani Transmission Limited plans to invest Rs 30 billion in its transmission business and Rs 15 billion in the Mumbai electricity distribution business in 2021-22, as the company aims to continue its expansion plan. The […]
Cairn Energy plc has identified $70 billion of Indian assets overseas for potential seizure to collect $1.72 billion due from the Indian government. The assets identified range from Air India’s planes to vessels belonging to […]
Reliance Industries Limited is set to offload its 11.61 per cent stake in Hathway Cable through an offer for sale (OFS) in an effort to comply with SEBI’s minimum public holding norms. As per the […]
Adani Green Energy Limited (AGEL) has signed share purchase agreements for 100 per cent acquisition of SB Energy Holdings Limited, which has a 4,954 MW portfolio of renewable energy projects in India. AGEL will […]
JSW Hydro Energy Limited has raised $707 million (about Rs 52 billion) from an international green bond issue. The fixed rate senior secured green 144A/Reg S bonds for a 10-year tenor were priced at 4.125 […]
The World Bank’s International Finance Corporation (IFC) is committing an equity investment of up to $15 million in an India-focused clean energy fund managed by GEF Capital Partners. The investment will be capped at 20 […]
The NITI Aayog and the Ministry of Railways (MoR) have accorded sanction for mobilising funds from multilateral and bilateral agencies for the implementation of the Kerala semi-HSR corridor project (Silver Line). The project is being […]
The Department of Expenditure, Ministry of Finance, has released the second monthly instalment of post-devolution revenue deficit grant of Rs 98.71 billion for the year 2021-22 to 17 states. With the release of the second […]
Moody’s Investors Service has cut India’s gross domestic product (GDP) forecast for 2021-22 to 9.3 per cent from the earlier projection of 13.7 per cent. The sharp decline in GDP estimates comes on the back […]
The Reserve Bank of India (RBI) has announced the emergency liquidity support of Rs 500 billion, with a three-year window, for health services. The window will be open till March 2022 and is classified under […]
Jindal Steel and Private Limited (JSPL) has accepted a binding offer from Worldone Private Limited to divest a 96.42 per cent stake in Jindal Power Limited (JPL). The divestment is in line with JSPL’s objective […]
The Kotak Special Situations Fund has announced its eighth deal to acquire a 74 per cent stake in stressed HKR Roadways Limited owned by a consortium led by Gayatri Projects Limited. The alternative investment arm […]
The Canada Pension Plan Investment Board (CPPIB) has announced the acquisition of an additional 15.9 per cent stake in IndInfravit Trust through two transactions, bringing its total holding in the InvIT to 43.8 per cent. […]
Tata Power is reportedly considering an IPO of $473 million for its renewable energy business. The company has shelved its initial plans to seek a partner to invest in its renewable energy business via an […]
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