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 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 […]

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 […]

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 […]

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 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 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 […]

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 (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 […]

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 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 […]

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 […]

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 […]

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 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) […]

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 […]

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 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 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’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 […]