JSW Energy signs deal for sale of 18 MW thermal plant to JSW Cement

March 2021

JSW Energy has signed a business transfer agreement with JSW Cement for the sale of an 18 MW thermal power plant at Salboni in West Bengal for Rs 956.7 million. Earlier, the board of JSW […]



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 […]



SBI may partner LIC, IIFCL for credit enhancement fund

September 2016

The State Bank of India (SBI) may partner with the Life Insurance Corporation of India (LIC) and India Infrastructure Finance Company Limited (IIFCL) to set up a credit enhancement fund that will provide guarantees to […]



Powergrid plans to issue bonds for raising up to Rs 40 billion by September 2016

September 2016

Powergrid Corporation of India Limited plans to raise up to Rs 40 billion through domestic bonds by September 2016. The funds will be utilised to meet the company’s working capital expenditure. This would be the […]



RailTel Corporation’s IPO subscribed 42.39 times on the final day

March 2021

RailTel’s initial public offer (IPO) was subscribed 42.39 times on the final day of subscription. As per National Stock Exchange data, the Rs 8.19 billion offer received bids for 2.59 shares against the 0.061 billion […]



GoAir plans IPO to raise around Rs 30 billion

February 2021

GoAir, the budget airline of the Wadia Group, plans to launch its IPO to raise about Rs 30 billion (about $411 million). Citigroup, ICICI Securities and Morgan Stanley have been appointed as bankers for reviving […]



NTPC raises Rs 9 billion via debentures

March 2021

NTPC has raised Rs 9 billion by issuing unsecured, redeemable, taxable, listed, rated NCPs, of which Series-I debentures worth Rs 4 billion would mature on February 23, 2024 and Series-II debentures worth Rs 5 billion […]



REC raises $500 million through bonds

March 2021

REC Limited has raised $500 million through the issuance of bonds under its $7 billion global medium-term note programme, which would be used to finance the power sector. The notes will mature on September 1, […]



Insolvency and Bankruptcy Code suspension extended till March 31, 2021

January 2021

The suspension of the Insolvency and Bankruptcy Code (IBC) has been extended for another three months, till March 31, 2021. This will help businesses cope with the economic disruptions caused by the coronavirus pandemic and […]



ADB approves loan worth $231 million for Lower Kopili hydroelectric project

January 2021

The Asian Development Bank (ADB) has approved a $231 million loan for setting up the 120 MW Lower Kopili hydroelectric project (HEP) in Assam. The project will double the hydropower generation capacity of Assam Power […]



Uttar Pradesh government has allocated funds for various road projects under Budget 2021-22

March 2021

The Uttar Pradesh government has allocated funds for various road projects under Budget 2021-22. Funds worth Rs 11.07 billion have been allocated for the Purvanchal expressway project, while Rs 14.92 billion has been allocated to […]



Odisha government allocates funds for various road projects under Budget 2021-22

March 2021

The Odisha government has allocated funds for various road projects under the Budget 2021-22. Funds worth Rs 22.96 billion have been allocated for the road development programme, with a physical target for the completion of […]



PNC Gomti Highways Private Limited achieves financial closure for two projects

March 2021

PNC Gomti Highways Private Limited, wholly owned subsidiary of PNC Infratech Limited, received communication from the National Highways Authority of India (NHAI) on February 12, 2021, confirming the achievement of financial closure of its project […]



AIIB provides loan for Assam Intra-State Transmission System Enhancement Project

March 2021

The government has signed an agreement with the Asian Infrastructure Investment Bank (AIIB) for the Assam Intra-State Transmission System Enhancement Project. The estimated cost of the project is $365 million, of which $304 million will […]



Allianz Global to lead funding in Sadbhav Infrastructure

March 2021

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 […]



Airtel raises $1.25 billion through the issuance of dual-tranche US$ bond

March 2021

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 […]



Virescent Infrastructure seeks SEBI approval for its renewable InvIT

March 2021

KKR-backed Virescent Infrastructure has floated the first infrastructure investment trust (InvIT) in the green power space and sought approval from the Securities and Exchange Board of India. The company is in the process of acquiring […]



Powergrid files for Rs 80 billion InvIT listing

February 2021

Power Grid Corporation of India Limited (Powergrid) has filed draft papers for an initial public offering (IPO) of its first InvIT for around Rs 80 billion. Powergrid will be the first state-run entity to monetise […]



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) […]



NIIFL receives $100 million investment from NDB

March 2021

National Investment and Infrastructure Fund Limited (NIIFL) has announced a commitment of $100 million from the New Development Bank (NDB) in the NIIF Fund of Funds (FoF). With NDB’s investment, the FoF has secured $800 […]



NHAI raises Rs 6 billion more than the reserve price for TOT Bundle V

March 2021

NHAI has raised around Rs 6.4 billion more than the base price for its fifth round of toll-operate-transfer (TOT) auctions. The authority received bids worth Rs 22.62 billion, against a reserve price of Rs 16.21 […]



NSE, ONGC to acquire stakes in Indian Gas Exchange from Indian Energy Exchange

March 2021

The Indian Energy Exchange (IEX) has announced a strategic divestment of 26 per cent of its equity holding at the Indian Gas Exchange (IGX) to the National Stock Exchange (NSE) through its wholly owned subsidiary […]



Adani Airports acquires 23.5 per cent stake in MIAL for Rs 16.85 billion

March 2021

Adani Airport Holdings Limited (AAHL), a wholly owned subsidiary of Adani Enterprises, has acquired a 23.5 per cent stake in Mumbai International Airport Limited (MIAL) from ACSA Global and Bid Services Division (Mauritius), or Bidvest, […]



NCLT approves IL&FS’ Rs 7.08 billion claim from NHAI

March 2021

The NCLT has given approval to the settlement of Rs 7.08 billion claim made by Fagne Sonagarh Expressway Limited (FSEL), a special purpose vehicle of IL&FS, from NHAI. NHAI will pay the settlement amount under […]



Interups Inc. to invest $9 billion in India’s avaiation sector

January 2021

The US-based-based firm Interups Inc. is planning to invest $9 billion in India’s aviation sector over the next five years. Interups’ bid includes an InvIT structure that will subsume the airline’s revenue generating arms, separated […]



GET ACCESS TO OUR ARTICLES

Enter your email address