IPO/QIP
KPI Green secures Rs 3 billion through QIP
KPI Green Energy Limited has raised Rs 3 billion through the QIP route. With a floor price of Rs 1,245 and an issue price of Rs 1,183 per equity share, the company’s board of directors […]
Month: January 2024
IPO/QIP
Waaree plans to raise Rs 30 billion through IPO for financing solar module facility
Waaree Energies Limited has submitted draft papers to the Securities and Exchange Board of India for an initial public offering (IPO) aimed at raising Rs 30 billion ($361 million). The IPO will consist of a […]
IPO/QIP
SWREL secures Rs 15 billion through QIP
Sterling and Wilson Renewable Energy Limited announced that it has raised Rs 15 billion through the qualified institutional placement (QIP) route. On December 14, 2023, the Securities Issuance Committee of the board of directors approved […]
Bonds/Securities
Financial firms raise Rs 135 billion via bonds
The Indian bond market has witnessed significant fundraising activity with Bank of Baroda, National Bank for Agriculture and Rural Development (NABARD) and the Indian Renewable Energy Development Agency (IREDA) raising Rs 135 billion via bond […]
Sanctions/ Grants
Air India borrows from SMBC
Air India has borrowed $120 million from Japanese lender SMBC for the purchase of a wide-body aircraft from Airbus. Reportedly, the airline’s purchase of an A350-900 aircraft delivered in October 2023 has been partly financed […]
Sanctions/ Grants
PNC Infratech achieves financial closure for three packages of Varanasi-Ranchi-Kolkata Highway Project
Wholly owned subsidiaries of PNC Infratech Limited – Varanasi Kolkata Highway Package 2 Private Limited, Varanasi Kolkata Highway Package 3 Private Limited and Varanasi Kolkata Highway Package 6 Private Limited – have achieved financial closure […]
Sanctions/ Grants
SBI to sign $165 million with World Bank for rooftop solar projects
State Bank of India (SBI) will sign a $165 million line of credit (LoC) with the World Bank. This funding aims to support grid-connected rooftop solar photovoltaic projects in the residential and institutional sectors. In […]
Sanctions/ Grants
GMR Airports raises Rs 8 billion from Standard Chartered, Aditya Birla Fund and Varde Partners
GMR Airports has raised a debt facility worth Rs 8 billion from Standard Chartered Bank, Varde Partners and the Aditya Birla Special Situation Fund for two years and eleven months. With this fundraise, GMR Airports, […]
Urban Infrastructure
DPR completed for Sarjapura-Hebbala corridor of Bengaluru Metro Rail Project – Phase III
In a recent development, the detailed project report (DPR) for Sarjapura-Hebbala (Corridor III) of the Bengaluru Metro Rail Project – Phase III has been completed. The corridor is likely to cost Rs 165.43 billion. 115 […]
Urban Infrastructure
About 95 per cent work completed at Aarey depot under Mumbai Metro Phase I Line 3
About 95 per cent of work has been completed at Aarey depot under the Mumbai Metro Phase I Line 3 Project (Colaba-Bandra-SEEPZ). It is being developed at a cost of Rs 3.28 billion. Line 3 […]
Aviation
MRO inaugurated at Mihan SEZ
The AAR-Indamer Technics Private Limited aircraft maintenance, repair, and overhaul (MRO) depot at the Mihan SEZ was inaugurated on January 12, 2024, two years post the launch of commercial operations. The C-check of the 100th […]
Aviation
Boeing announces new facility in India
On January 15, 2024, Boeing announced the opening of a warehouse facility at Khurja, Uttar Pradesh for parts supply. The Indian Distribution Centre is being operated in collaboration with DB Schenker, a third-party logistics provider. […]
Aviation
State identifies land for development of greenfield airport in Indore
The Government of Madhya Pradesh has identified 10,000 acres of land between Ujjain and Dewas for the development of a greenfield airport in the state. The proposed location for the airport is at the convergence […]
Urban Infrastructure
Construction of WTP gets approved in Ayodhya
The Uttar Pradesh Cabinet has approved the construction of a water treatment plant (WTP) in Ayodhya, Uttar Pradesh under the Atal Mission for Rejuvenation and Urban Transformation 2.0. The project aims to supply drinking water […]
Urban Infrastructure
Foundation stone laid for Meerut STP and I&D project
The central government laid the foundation stone for the Meerut sewage treatment plant (STP) and interception and diversion (I&D) project in Uttar Pradesh on January 18, 2024. The scope of the project includes the construction […]
Urban Infrastructure
Surya Regional Bulk Water Supply Scheme gets inaugurated
The central government inaugurated the Surya Regional Bulk Water Supply Scheme on January 12, 2024. Currently, about 88 per cent of the construction work has been completed. The project is likely to be fully commissioned […]
Oil and Gas
MGL, Baidyanath LNG forms JV for development of LNG network
In a notable development, Mahanagar Gas Limited (MGL) and Baidyanath LNG Private Limited have formed a joint venture (JV), Mahanagar LNG Private Limited, for the development of liquefied natural gas (LNG) network across the country. […]
Oil and Gas
Centre inaugurates Puthuvypeen LPG import terminal
The union government has inaugurated the Puthuvypeen liquefied petroleum gas (LPG) import terminal. Indian Oil Corporation Limited established facilities for receipt, storage and dispatch of imported LPG at Puthuvypeen special economic zone in Kochi in […]
Oil and Gas
ONGC discovers natural gas in MN-DWHP-2018/1 block
Oil and Natural Gas Corporation Limited (ONGC) has made two natural gas discoveries in the MN-DWHP-2018/1 block at Mahanadi basin, Bay of Bengal. The first discovery (Utkal) is at a water depth of 714 m […]
Oil and Gas
Vedanta submits FDP for CB-ONHP-2017/2 block
Vedanta Limited has submitted field development plan (FDP) for Jaya gas discovery under the CB-ONHP-2017/2 block exploration. The block is likely to commence production with over 2,000 barrels of oil equivalent per day initially. This […]