The central government has inaugurated and laid foundation stones for new terminal buildings. Terminal buildings were inaugurated at Pune, Kolhapur, Jabalpur, Gwalior, Delhi and Lucknow airports. These are a part of the Pune (Lohegaon) airport […]
The Directorate General of Civil Aviation (DGCA) has issued the air operator permit (AOP) to Fly91. The airline has a current fleet of two ATR 72s and is likely to receive four additional aircraft by […]
The central government has granted working approval for land acquisition to the Chhattisgarh government for 286.65 acres of land under the Bilasa airport expansion project for Rs 704.92 million. Additionally, civil works related to night […]
The Bihar government has identified 475 acres of land near Goradih in Bhagalpur district of Bihar for the development of a new airport. Inspection was carried out at the site for its development.
The India Grid Trust (IndiGrid) is planning to raise Rs 10 billion via NCDs to finance acquisitions and repayment of existing debt. IndiGrid has announced the acquisition of 100 per cent stake in ReNew Solar […]
Gawar Construction Limited aims to raise Rs 20 billion through its maiden InvIT in the near future. The trust plans to include 10 operational road assets from across the country in its IPO, targeting a […]
The National Highways Infra Trust (NHIT) intends to raise an additional debt of Rs 45 billion to facilitate the acquisition of two more operational road projects from its parent company. The acquisition process is expected […]
Spanish infrastructure developer Ferrovial, through its subsidiary Cintra, has agreed to acquire a 24 per cent stake in IRB Infrastructure Trust from GIC, a sovereign wealth fund, as well as a similar stake in MMK […]
The NDR InvIT Trust, the first warehousing and industrial park infrastructure investment trust (InvIT) in India, has now been listed on the National Stock Exchange and has been fully subscribed to privately placed units aggregating […]
Adani Energy Solutions, formerly Adani Transmission, is planning to raise around $400 million-$500 million through a private placement of bonds. The fundraising will involve a private placement of Regulation-D notes, a provision that exempts certain […]
The Rural Electrification Corporation (REC) will adopt an uncommon structure to raise Rs 50 billion ($603.2 million) via a private placement of 10-year long deep-discount bonds before the end of March 2024. Bankers anticipate a […]
Power Grid Corporation of India Limited’s (Powergrid’s) board has approved a proposal to raise up to Rs 12 billion through bond issuance. The committee of directors for bonds has approved the issuance of unsecured, non-convertible, […]
The Vadodara Municipal Corporation (VMC) is planning to issue Asia’s first certified green municipal bond for sustainable water infrastructure worth Rs 1 billion. The bond aims to foster sustainable urban development, aligned with the Paris […]
Logistics unicorn backed by Flipkart, BlackBuck, is planning its IPO in 2024-25, aiming to raise around $300 million. The IPO is expected to comprise a mix of fresh issue of shares and a secondary sale […]
Matrix Gas & Renewables has secured Rs 3.5 billion in the pre-IPO round. With this recent capital infusion, Matrix is now poised to expedite its growth endeavours, focusing on increasing market presence in gas aggregation, […]
Alpex Solar Limited’s initial public offering (IPO) received an overwhelming response from investors, achieving a subscription rate of 303 times by the conclusion of the bidding period. The company, based in Greater Noida, aimed to […]
Sterlite Power has announced the refinancing of the Lakadia-Vadodara Transmission project loan within 12 months of the project becoming fully operational in January 2023. The new financing from HDFC Bank Limited, India Infrastructure Finance Company […]
National Asset Reconstruction Company of India Limited (NARCL) is aiming to raise Rs 27 billion in debt to expedite the purchase of stressed loans. The company is in talks with private and government-owned banks to […]
Power Finance Corporation Limited (PFC) has signed an MoU with the Goa government to support the state’s climate ambitions through a blended finance facility being set up in partnership with the World Bank. Under the […]
Yotta Data Services and its subsidiary NMDC Data Centre have raised over Rs 13.57 billion through a long-term loan from the State Bank of India (SBI). The entire loan facility includes debt worth Rs 13 […]
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