A total of five banks have raised Rs 408.95 billion via infrastructure bonds, till November 2023-24, which is double the amount raised via such bonds throughout 2022-23. Public sector banks such as SBI, Canara Bank […]
H.G. Varanasi-Kolkata PKG-10 Highway Private Limited and H.G. Varanasi-Kolkata PKG-13 Private Limited, the special purpose vehicles (SPVs) incorporated by H.G. Infra Engineering Limited, achieved financial closure for the Varanasi-Ranchi-Kolkata Six Lane Highway Project (Packages X […]
Vedanta Resources is close to finalising a $1.25 billion loan jointly provided by Standard Chartered Bank and Cerberus Capital Management. The move could help it avert a default on bonds due in January 2024. Standard […]
GMR Visakhapatnam International Airport Limited has secured funds worth Rs 32.15 billion for the development of the Bhogapuram greenfield international airport project (Vizianagaram). India Infrastructure Finance Company Limited is the leading lender among the five […]
The Indian Renewable Energy Development Agency (IREDA) has launched its retail segment, aiming to enhance its focus on lending to consumers under the Pradhan Mantri Kisan Urja Suraksha Evam Utthaan Mahabhiyan (PM-KUSUM) scheme, rooftop solar […]
The Asian Development Bank (ADB) has given its approval for a $250 million policy-based loan aimed at enhancing the financial sustainability of India’s power sector and promoting the transition towards renewable energy. This policy-based loan […]
The Kerala government has sanctioned funds worth Rs 3,785.7 million for the development of the Kochi Metro Rail Project Phase II. The project involves the development of an 11.17 km long metro rail network from […]
The Government of Tamil Nadu has sanctioned funds worth Rs 820 million for the development of an underground drainage (UGD) pipeline in the Othakadai area of Tamil Nadu. The scope of work includes a survey […]
The centre has approved a budget of Rs 6.25 billion for the construction of the Tato-Monigong road in Shi-Yomi district, Arunachal Pradesh. The 53.04 km road aims to establish all-weather connectivity to the India-China border, […]
The Government of Delhi has released funds Rs 1 billion for the Delhi- Shahjahanpur-Neemrana-Behror (SNB) Regional Rapid Transit System (RRTS) corridor and Rs 0.5 billion for the Delhi-Panipat RRTS corridor. Besides, it is likely to […]
Government of Odisha laid the foundation stone for Trishulia -Bhubaneswar Airport Metro Rail Project on January 1, 2024. Phase I of the project involves construction of 26 km long elevated metro rail corridor from Trishulia […]
Phase I of the Bhogapuram Greenfield International Airport project (Vizianagaram) is likely to be completed by December 2025. The project involves design, build, finance, construction, development, upgradation, modernisation, operation and maintenance (O&M) of the airport […]
The Union Government inaugurated the Tiruchirapalli Airport new terminal building project on January 2, 2024. The project involves the development of a new integrated terminal building including the expansion of the runway from 8,000 feet […]
The new Ayodhya Airport, named Maharishi Valmiki International Airport was inaugurated on December 30, 2023. The first phase of the airport has a passenger handling capacity of 1 million passengers per annum (mppa), and the […]
City and Industrial Development Corporation (CIDCO) and Maharashtra Industrial Development Corporation (MIDC) have signed an agreement to provide water supply to the Taloja industrial area in Maharashtra. The scope of the project includes the development […]
The government of Maharashtra has granted administrative approval for the upgradation of four existing STPs in Nashik, Maharashtra under the Atal Mission for Rejuvenation and Urban Transformation (AMRUT) 2.0. These four STPs are located in […]
Wadi Municipal Corporation has commenced the construction work on an sewage treatment plant (STP) in Wadi, Maharashtra. The scope of work includes the construction of a 10 mld STP along with a sewerage network of […]
Petronet LNG Limited (PLL) and Gopalpur Ports Limited have signed binding transaction documents for setting up of Gopalpur floating storage and regasification (FSRU) terminal. These include sub-concession agreement, sub-lease deed and port service agreement. The […]
The union government has inaugurated the Vijayawada- Dharmapuri petroleum product pipeline. The project involved laying of a 697 km petroleum pipeline from Hindustan Petroleum Corporation Limited’s Vizag- Vijayawada- Secunderabad pipeline from Vijayawada to Dharmapuri in […]
In a recent update, MoPNG has invited bids for exploration and development of 28 oil and gas blocks, including nine onland, eight shallow water and eleven ultra-deep water blocks, under the ninth round of OALP […]
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