SBI is in advanced negotiations to downsell half of its approximately Rs 110 billion loan exposure to the Adani Group’s Ganga Expressway project. After a year of disbursing loans to this significant tolled road initiative, […]
Cleantech Solar has procured a long-term senior secured loan facility of Rs 6.25 billion from Tata Capital Limited. The funds obtained will bolster Cleantech Solar’s open access portfolio in India. A part of the drawdown […]
Brookfield Asset Management-backed India Infrastructure Trust (India Infra InvIT) will raise Rs 64.52 billion via NCDs to refinance the debt taken to acquire the East-West gas pipeline from Reliance Industries Holdings. The proceeds will be […]
The New Development Bank has signed a loan agreement worth Rs 41.44 billion ($500 million) for the Gujarat Rural Road Programme. The project is being implemented under the Mukhya Mantri Gram Sadak Yojana in Gujarat. […]
The National Asset Reconstruction Company of India (NARCL) is seeking to raise Rs 27 billion in debt to expedite the purchase of stressed loans. NARCL is in talks with private and government-owned banks to raise […]
Yotta Data Services Private Limited and its subsidiary NMDC Data Centre Private Limited have raised over Rs 13.57 billion through a long-term loan from State Bank of India (SBI). The entire loan facility includes a […]
Adani Green Energy Limited has raised Rs 23.38 billion through a private placement of warrants to Ardour Investment Holding Limited. A total of 63,143,677 warrants, valued at Rs 1,480.75 each were issued. Upon conversion and […]
The National Highways Authority of India (NHAI) has sanctioned funds worth Rs 4,100 million for the implementation of the Raniganj Four Lane Bypass Project (Sahibganj Mor-Mangolpur Mor stretch) (NH-14, NH-19). The project involves the construction […]
The Odisha government has allocated funds worth Rs 10 billion for the Trishulia-Bhubaneswar Airport Metro Rail Project under state budget 2024-25. The project involves the construction of a 26 km-long elevated metro rail corridor from […]
The West Bengal government inaugurated a water treatment plant (WTP) at Uttarpara-Kotrung in Hooghly, West Bengal, on February 13, 2024. The scope of work included the development of a WTP with a capacity of 55 […]
The central government inaugurated sewerage projects at Mathura and Moradabad in Uttar Pradesh on January 25, 2024. These include the Mathura Sewerage Project Zone I, which involves the construction of a 30 mld STP, the […]
Under the interim budget 2024-25, the Ministry of Jal Shakti (MoJS) has received an allocation of Rs 984.18 billion. The allocation is 1.93 per cent higher than the revised estimate of Rs 965.48 billion for […]
Under the interim budget 2024-25, the Ministry of Housing and Urban Affairs (MoHUA) has received an allocation of Rs 775.23 billion. The allocation is 11.91 per cent higher than the revised estimate of Rs 692.7 […]
The Haryana government has approved the formation of Gurugram Metro Rail Limited (GMRL) for implementation of the HUDA City Centre-Cyber City Metro Rail Project. GMRL will be provided an initial authorised capital of Rs 200 […]
The detailed project report (DPR) for the Sarjapura-Hebbala (Corridor III) corridor of the Bengaluru Metro Rail Project – Phase III has been completed. The corridor is likely to cost Rs 165.43 billion. About 115 acres […]
Tunnelling work has been completed on the Janakpuri West-Krishna Park (Extension) section under the Janakpuri West-RK Ashram Corridor of Delhi Metro Phase IV. Moreover, track-laying work is under way and system equipment contractors have been […]
The government has allocated funds worth Rs 249.32 billion (BE) for various metro rail and mass rapid transit system (MRTS) projects under the interim union budget 2024-25. The allocation is 7.58 per cent higher than […]
Digital Connexion, a three-way JV among Brookfield Asset Management, Reliance Industries Limited and Digital Realty, has announced the launch of its first data centre campus, providing up to 100 MW of critical IT load capacity. […]
HFCL Limited has secured a purchase order worth Rs 1.41 billion from BSNL out of an advance purchase order worth Rs 1.79 billion issued to the company. The purchase order includes capex of Rs 1.19 […]
Tejas Networks has received Rs 277.8 million as incentives for fiscal year 2023-24 under the PLI scheme for telecom and networking products. This amount accounts for 85 per cent of the total claim for fiscal […]
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