Data & Statistics
Month: May 2026
Asset Sales
Vinci Highways set to acquire Macquarie’s India road assets for Rs 150 billion
VINCI Highways has agreed to acquire Macquarie Asset Management’s India TOT road assets for an enterprise value of about Rs 150 billion (around $1.6 billion). The deal involves nine toll road projects totalling about 648 […]
Asset Sales
Clean Max signs SPA to acquire Kintech Solarbikaner for Rs 380 million
Clean Max Enviro Energy Solutions Limited has signed an SPA with Kintech Synergy Private Limited and Kintech Solarbikaner Private Limited to acquire 100 per cent equity shares of Kintech Solarbikaner for Rs 380 million. The […]
Asset Sales
CCI approves Torrent Power’s acquisition of Nabha Power
The Competition Commission of India (CCI) has approved Torrent Power Limited’s proposed acquisition of 100 per cent equity shares and non-cumulative optionally convertible redeemable preference shares in Nabha Power Limited from L&T Power Development Limited. […]
Data & Statistics
Asset Sales
POWERGRID acquires NES Pune EN transmission under TBCB route
Power Grid Corporation of India Limited (POWERGRID) has acquired NES Pune East New Transmission Limited, the special purpose vehicle (SPV) set up for the transmission project involving the network expansion scheme in Maharashtra for the […]
Mergers & Acquisitions
Premier Energies acquires majority stake in Transcon Ind
Premier Energies Limited has completed the second and final tranche of the strategic acquisition of equity shares in Transcon Ind Limited. The company has acquired 52,073 equity shares of Transcon Ind allotted on a preferential […]
Mergers & Acquisitions
Inox Clean Energy acquires 1,337 MW Vibrant Energy platform for Rs 50 billion
Inox Clean Energy Limited has acquired Vibrant Energy from Macquarie Corporate Holdings Pty Limited and other shareholders for Rs 50 billion. The transaction adds a 1,337 MW commercial-and industrial-focused renewable energy portfolio spread across Madhya […]
Mergers & Acquisitions
Adani Airport Holdings completes the acquisition of SKYIWAVE for Rs 30 million
Adani Airport Holdings Limited (AAHL), a wholly owned subsidiary of Adani Limited, has completed the acquisition of SKYIWAVE Private Limited after executing a share purchase agreement with the company and its existing shareholders on March […]
Equity Moves
Climate Fund Managers commits $32.2 million to waste-to-biogas project in Uttar Pradesh
Climate Fund Managers has committed $32.2 million from its European Union-supported Climate Investor Two Construction Equity Fund to a commercial-scale waste-to-biogas facility, Akaia Green Fuels. The facility is located in Uttar Pradesh. The investment will […]
Loans
ACEN India raises Rs 7.52 billion for 100 MW wind project in Karnataka
ACEN India has raised Rs 7.52 billion from the Mitsubishi UFJ Financial Group and SMBC. The financing has been raised for the company’s 100 MW wind power project in Bijapur, Karnataka. The company has signed […]
Loans
Power Finance Corporation to raise Rs 1.6 trillion from domestic and global markets
The board of the Power Finance Corporation (PFC) has approved a plan to borrow up to Rs 1.6 trillion from domestic and international markets for FY 2026-27. The company can raise up to Rs 1.1 […]
Loans
Kerala Cabinet approves KWA’s proposal to avail loan worth Rs 40 billion from NABARD
The Kerala cabinet has approved the Kerala Water Authority’s (KWA) proposal to avail a loan worth Rs 40 billion from the National Bank for Agriculture and Rural Development (NABARD) for the completion of water supply […]
Loans
IIFCL to Raise $1 billion for infrastructure via MIGA Fund
India Infrastructure Finance Company Limited (IIFCL) plans to mobilise up to $1 billion through the MIGA guarantee fund to support infrastructure development across the country. IIFCL is in the process of seeking approval for mobilising […]
Loans
Polaris Smart Metering secures Rs 7.1 billion from BII for West Bengal rollout
Polaris Smart Metering has secured Rs 7.1 billion in financing from British International Investment (BII) for its subsidiary, Hooghly Smart Metering Private Limited, to support the deployment of over 2.2 million smart meters in West […]
Loans
HD Renewable secures financing for Helios BESS project in Japan
HD Renewable Energy has secured approximately JPY 5.4 billion in project financing for its Helios 50 MW grid-scale battery energy storage system (BESS) project located in Hokkaido, Japan. The financing was raised through a green […]
Sanctions/ Grants
Delhi government allocates Rs 90 billion to water and sanitation sector for FY 2026-27
The Delhi government has allocated Rs 90 billion to the water and sanitation sector for FY 2026-27. Of the total sum, Rs 15 billion will be utilised for constructing sewage treatment plants with a combined […]
Sanctions/ Grants
MoPSW sanctions 129 projects under Sagarmala Programme
Under the Sagarmala programme, the Ministry of Ports, Shipping and Waterways (MoPSW) has sanctioned 129 projects worth Rs 90.54 billion with a funding of Rs 33.46 billion. Of these, 78 projects worth Rs 23.57 billion […]
Sanctions/ Grants
Funds released for five states under JJM 2.0
Funds have been released to five states under the Jal Jeevan Mission (JJM) 2.0 following the fulfilment of mandatory compliance requirements. The states include Uttar Pradesh, Maharashtra, Chhattisgarh, Odisha and Madhya Pradesh. A total of […]
Sanctions/ Grants
CCEA approves Rs 69.69 billion project to improve UP’s connectivity and trade
The Cabinet Committee on Economic Affairs (CCEA) has approved Rs 69.69 billion for upgrading National Highway (NH) 927 into a four-lane greenfield highway in Uttar Pradesh. Spanning 169.64 km, the project connects Bareilly to the […]