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 […]

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 […]

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 […]

Go Airlines is likely to launch its initial public offering (IPO) in August 2021 and expects SEBI to clear the proposal by July 31, 2021. The company has filed its draft red herring prospectus with […]

Tata Power is reportedly considering an IPO of $473 million for its renewable energy business. The company has shelved its initial plans to seek a partner to invest in its renewable energy business via an […]

Vector Green Energy Private Limited, a private-equity backed firm, is raising about Rs 12 billion via green bonds in the domestic market. The company will use the proceeds to pay off long-term debt and fund […]

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 […]

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 […]

Moody’s Investors Service has cut India’s gross domestic product (GDP) forecast for 2021-22 to 9.3 per cent from the earlier projection of 13.7 per cent. The sharp decline in GDP estimates comes on the back […]

The National Highways Authority of India (NHAI) has planned infrastructure development works worth Rs 14.17 billion in Punjab for the current fiscal. The annual plan for the state will cover a 295 km network of […]

The Ministry of Finance has released the third monthly instalment of its revenue deficit grant of Rs 98.71 billion to 17 states. With the release of this instalment, a total of Rs 296.13 billion has […]

  The Asian Development Bank (ADB) and the Government of India have worked out a $2.5 million project readiness financing (PRF) loan to support project preparation and design activities for upgrading major district roads in […]

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 […]

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 Assam government has handed over a cheque of Rs 5 billion to Oil India Limited (OIL) to enhance its share in Numaligarh Refinery Limited (NRL) to 26 per cent from 12.5 per cent. The […]

The government-owned Punjab National Bank (PNB) will acquire a stake in the soon-to-be-set-up National Asset Reconstruction Company Limited (NARCL). PNB has already identified non-performing assets (NPAs) worth Rs 80 billion to be transferred to the […]

AGEL has signed share purchase agreements for 100 per cent acquisition of SB Energy Holdings Limited, which has a 4,954 MW portfolio of renewable energy projects in India. AGEL will acquire an 80 per cent stake […]

  The Kotak Special Situations Fund has announced its eighth deal to acquire a 74 per cent stake in the stressed HKR Roadways Limited, owned by a consortium led by Gayatri Projects Limited. The alternative […]

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 […]