Torrent Power acquires 50-MW solar plant for Rs 4.16 billion in Telangana

July 2022

Torrent Power Limited has completed acquisition of a 50 MW solar power plant in Telangana from the SkyPower Group for Rs 4.16 billion. The long-term power purchase agreement for the project is with Northern Power […]



JSW Energy, Torrent, Sembcorp join race for Vector Green assets

July 2022

JSW Energy Limited, Torrent Power Limited, Apraava Energy (forme­rly CLP India Private Limited) and Sembcorp Industries have joined the race for acqui­ring 700 MW of wind and solar energy assets under Vector Green Energy Private […]



SECI floats tender for 1.2 GW of wind capacity under the ISTS

June 2021

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 […]



MSEDCL issues tender for 500 MW of solar projects under the PM-KUSUM scheme

June 2021

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 […]



RCOM to convert Rs 70 billion debt to equity as per new debt restructuring plan

November 2017

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 invokes S4A

November 2017

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 to raise up to $1.15 billion in debt

May 2021

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 raises $707 million from debut green bond sale

May 2021

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 […]



Uncertainty over LIC IPO could hit government’s revised disinvestment target for FY22

March 2022

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 to launch its IPO by year end

March 2022

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 […]



Inox Wind raises over Rs 4 billion by issuing equity shares and convertible warrants

June 2022

Inox Wind Limited has raised Rs 4.02 billion by completing the allotment of equity shares and convertible warrants. The equity shares and convertible warrants have been sold at issue prices of Rs 126 and Rs […]



Abu Dhabi’s IHC completes Rs 154 billion investment in three Adani companies

June 2022

International Holding Company PJSC (IHC) of Abu Dhabi has completed a Rs 154 billion investment transaction in three Adani companies – Adani Green Energy Limited (AGEL), Adani Transmission Limited (ATL) and Adani Enterprises Limited (AEL). […]



India Ratings pegs FY22 GDP growth at 8.6 per cent on data revision

March 2022

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 […]



Over Rs 3.5 trillion of assets to get monetised in next one year: ICRA

June 2021

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 […]



MoRTH approves funds for construction of Jammu-Akhnoor road project

July 2022

The Ministry of Road Transport and Highways approved funds worth Rs 13.37 billion for construction of the Jammu-Akhnoor Four Laning Road Project (NH-144A) on July 6, 2022. The project involves four-laning and upgradation of the […]



Goa Cabinet approves Rs 16 billion for power infrastructure upgradation

July 2022

The state cabinet of Goa has granted approval for spending over Rs 16 bi­lli­on, including the central fund, to reduce power loss and improve Goa’s power infrastructure. Of this, the state government will spend over […]



British International Investment to assist MSMEs with $75 million green financing

July 2022

British International Investment (BII), the UK’s development finance institution, has subscribed to a $75 million (approximately Rs 5.85 billion) “Green Basket Bond” to finance micro, small and medium enterprise projects in Africa, South Asia and […]



World Bank approves $165 million funding for residential rooftop solar projects in India

July 2022

In order to support 450 MW of rooftop solar deployment in India and to make distributed generation systems in the country more affordable, the World Bank has approved an additional $165 million in financing. The […]



ReNew Energy Global refinances its dollar-denominated bonds

July 2022

ReNew Energy Global has effectively refinanced its dollar-denominated bonds maturing in 2024 while amortising project loan from an Indian non-bank banking institution. The company issued bonds worth $525 million in 2019 having a maturity date […]



DIAL issues non-convertible debentures worth Rs 10 billion to finance Delhi Airport Expansion project

July 2022

Delhi International Airport Limited has issued non-convertible debentures (NCDs) worth Rs 10 billion to partly finance Phase 3A of the Delhi airport expansion project. Barclays Bank invested Rs 5 billion, Aditya Birla Fin­ance invested Rs […]



IndInfravit to acquire five India assets of Brookfield in $1.2 billion deal

July 2022

In an effort to extend its road portfolio, India’s IndInfravit Trust would acquire five operating road projects from entities owned by Brookfield Asset Management for around $1.2 billion, including debt. The agreement with Canada’s Brookfield […]



NHAI InvIT likely to raise up to Rs 40 billion in two tranches

July 2022

The National Highways Authority of India (NHAI) is planning to raise up to Rs 40 billion for its infrastructure investment trust (InvIT), which is set to accelerate road asset acquisition, likely by forming a new […]



Cochin Shipyard Limited’s IPO to be managed by SBI Capital Markets-led consortium

July 2016

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 shares listed on bourses

July 2016

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) […]



Airtel board approves preferential allotment of shares to Google for 1.2 per cent stake

July 2022

Bharti Airtel’s board of directors has cleared the issue of equity shares to Google International LLC on a preferential basis. The move follows Goog­le’s purchase of a 1.2 per cent stake in Airtel for $700 […]



Vi to raise Rs 4.36 billion from Vodafone Group

July 2022

Vodafone Idea Limited (Vi) will raise Rs 4.36 billion from its UK-based promoter, Vodafone Group Plc. The funds raised will be used by Vi for network expansion as well as to prepare for the upcoming […]



NTPC to raise Rs 50 billion via stake sale in NGEL

July 2022

NTPC Limited is planning to raise Rs 50 billion by selling a stake in NTPC Green Energy Limited (NGEL), a 100 per cent subsidiary of NTPC. NTPC has engaged SBI Capital Markets to advise on […]



TotalEnergies to acquire 25 per cent minority stake in Adani New Industries

July 2022

TotalEnergies will acquire a 25 per cent minority stake from Adani Ent­erprises Limited in Adani New Industries Limited. The partnership, centred on green hydrogen, is expected to transform the energy landscape both in India as […]



Powergrid board approves investments worth Rs 22.02 billion

June 2021

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 […]



NPCIL plans a capex of Rs 180 billion in 2021-22

June 2021

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 […]



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