Resurgent Power Ventures Private Limited has been awarded a letter of intent (LoI) by the resolution professional of South East UP Power Trans­mission Company Limited (SEUPPTCL), selecting Resurgent as a successful resolution applicant under the […]

The Kotak Special Situations Fund (KSSF), the $1 billion investor in distressed assets, is close to taking control of Telangana-based HKR Roadways, an SPV building the 207 km Hyderabad-Karimnagar-Ramagundam highway. Hyderabad-based Gayatri Highways Limited controls […]

The Solar Energy Corporation of India (SECI) has floated a tender for setting up 1.2 GW of wind power projects under Tranche XI of the interstate transmission system (ISTS)-connected projects in India. The discoms of […]

Maharashtra State Electricity Distribution Company Limited has issued a tender for setting up 500 MW of distributed solar projects under component A of the Pradhan Mantri Kisan Urja Suraksha evam Utthan Mahabhiyan (PM-KUSUM) Scheme. The […]

Reliance Communications (RCOM) has presented a fresh plan to recast its Rs 450 billion debt. The plan includes converting Rs 70 billion of debt into equity by banks and handing over the majority stake to […]

SPML Infra Limited has implemented the Scheme for Sustainable Structuring of Stressed Assets for converting Rs 5.46 billion of its Rs 11.17 billion debt into optionally convertible debentures (OCDs). The OCDs have a tenor of […]

Adani Transmission Limited is raising up to $1.15 billion through offshore loans to fund at least four projects in Gujarat and Maharashtra. The four projects are the Western Region Strengthening Scheme, Lakadia Banaskantha Transco, Kharghar […]

JSW Hydro Energy Limited has raised $707 million (about Rs 52 billion) from an international green bond issue. The fixed rate senior secured green 144A/Reg S bonds for a 10-year tenor were priced at 4.125 […]

India may miss its revised disinvestment target for the second time in eight years in 2021-22, as the government may be unable to generate the estimated Rs 600 billion through the LIC’s IPO. The government was […]

Airtel Uganda is reportedly planning to float an IPO by the end of 2022. The company had renewed its operating licence in 2020, with one of the conditions for the new licence being Airtel Uganda […]

India Infrastructure Finance Company Limited (IIFCL)  has raised Rs 15 billion in debt to realise the government’s infrastructure vision. With the objective of promoting long-term infrastructure funding in India, IIFCL has obtained funds from the domestic […]

Bharti Airtel is expected to raise up to Rs 50 billion in the near future via rupee-denominated notes in the domestic market as it looks to restructure its high-cost debt and strengthen its balance sheet […]

India Ratings has revised its GDP growth prediction for 2021-22 downward to 8.6 per cent from the previously projected 9.2 per cent. The Na­tional Statistical Organisation (NSO), which has forecast real GDP growth of 9.2 […]

The next year is likely to witness asset monetisation of over Rs 3.5 trillion through infrastructure investment trusts (InvITs) and real estate infrastructure trusts (REITs). As per ICRA, a constraint has been removed with the […]

The central government has tentatively allocated Rs 131.05 billi­on for 2022-23 under the Jal Jeevan Mission for six states. These states are Bihar (Rs 26.99 billion), Chhattisgarh (Rs 13.08 billion), Jharkhand (Rs 16.43 billion), Mizoram (Rs 2.01 billion), Odisha (Rs 20.36 billion) and West […]

The central government has allocated Rs 60 billion to achieve the target of Har Ghar Jal in eight north-eastern states by 2024. The mission ensur­es the installation of tap water connections in every household along […]

Sterlite Power Transmission Limited has achieved financial closure for its Nangalbibra-Bongaigaon Transmission Limited (NBTL) project, securing the entire debt funding of Rs 4.4 billion from Tata Cleantech Capital Limi­ted. The financial closure has been achieved […]

      NHPC Limited has signed an agreement with HDFC Bank to securitise the return on equity (RoE) of its 540 MW Chamera I power plant in Himachal Pradesh. NHPC has signed the facility […]

Sadbhav Infrastructure Projects Limited will raise Rs 7 billion ($96 million) through non-convertible debentures (NCDs). The investor consortium will be led by Allianz Global Investors and joined by AMP Capital. The NCDs will have a […]

Bharti Airtel has raised $1.25 billion through the issuance of its first ever dual-tranche US dollar bond offering spread across senior and perpetual issuance. Airtel has priced its 10.25-year old senior bonds at $750 million […]

NHAI has received approval from the Securities and Exchange Board of India (SEBI) to launch its maiden InvIT to raise Rs 51 billion. NHAI plans to offer 19 projects worth Rs 350 billion under the […]

The maiden infrastructure investment trust (InvIT) promoted by the NHAI, through which it aims to raise Rs 51 billion, is likely to launched by June 2021. However, the NHAI InvIT will be out of bounds […]

Cochin Shipyard Limited has hired a consortium of merchant bankers led by SBI Capital Markets Limited to manage its IPO. The other members of the consortium are JM Financial Institutional Securities Limited and Edelweiss Financial […]

Mahanagar Gas Limited (MGL) is listed on the exchanges at Rs 540 per share, up 28 per cent from its issue price of Rs 421 per share. The country’s second largest compressed natural gas (CNG) […]

The board of Vi has approved the proposal to raise funds up to Rs 145 billion through various means, including Rs 45 billion from promoter entities. The board approved issuance of up to 3.38 billion […]

Capital A has launched a Rs 750 million cleantech fund, Evolve, which will be utilised for funding electric vehicles (EVs) and related ecosystem like battery charging start-ups. The company has launched the fund after having […]

Bharti Airtel has acquired a strategic  stake in Aqilliz,  a blockchain-as-a-service company under the Airtel Startup Accelerator Program, subject to statutory approvals. Singapore-based Aqilliz has developed a patented hy­b­rid blockchain platform, Atom, which integrates differential […]

Airtel has entered into an agreement with the Vodafone Group to buy 4.7 per cent equity interest in Indus Towers on the principal condition that the amount paid shall be inducted by Vodafone as fresh […]

Powergrid’s board has approved investments totalling Rs 22.02 billion for various power transmission projects. The board of directors approved investments for the Transmission System Strengthening Scheme for the evacuation of Power from Solar Energy Zones […]

Nuclear Power Corporation of India Limited (NPCIL) has planned a capex of Rs 180 billion on ongoing projects for the financial year ending March 2022. Around 30 per cent of the capex will be through internal […]