Loans

The Asian Development Bank (ADB) has approved a loan worth Rs 34.66 billion for a road development project in Madhya Pradesh. The project includes upgradation of state highways spanning 750 km and major district roads […]

ADB has agreed to provide a $451 million loan to strengthen power connectivity between the southern and northern parts of the Chennai-Kanyakumari Industrial Corridor (CKIC). The project will allow more power, including renewable energy, to […]

The JSW Group has repaid Rs 12 billion worth of loans raised by pledging shares of JSW Steel and JSW Energy. Following the repayment, the pledged shares of both the companies have been released by […]

The Indian Railway Station Development Corporation (IRSDC) has entered into a tripartite agreement with the French National Railway Company (SNCF) and French Development Agency (AFD) to provide a grant for the development of railway stations. […]

The Asian Development Bank (ADB) has approved a loan of $350 million for the rehabilitation and upgradation of roads in Chhattisgarh. The project involves the rehabilitation/upgradation of two state highways and 23 major district roads […]

ADB has signed a loan agreement with the Indian Railway Finance Corporation (IRFC) to provide funds totalling Rs 51.88 billion ($750 million) for taking up railway track electrification projects in India. IRFC will use the […]

Jio Digital Fibre Private Limited, Reliance Jio’s fibre unit, is raising approximately Rs 270 billion in syndicated loans from a consortium of banks. The funds will be put to use to facilitate the demerger process […]

Sadbhav Vizag Port Road Private Limited (SVPRPL), a wholly owned subsidiary of Sadbhav Infrastructure Project Limited, has submitted draft financing documents to the National Highways Authority of India (NHAI) for its road project in Andhra […]

The International Finance Corporation (IFC) plans to provide debt financing of up to $43.3 million (Rs 3 billion) to Hero Future Energies Global Limited for the construction of a solar power plant. The money will […]

The Bank of Baroda has tied up with KfW Development Bank for providing funds worth Rs 8,030.34 million to refinance solar power projects under the Solar Partnership II – Promotion of Solar PV in India. […]

ReNew Power Limited has received additional debt financing of about Rs 24,914.93 million from the Overseas Private Investment Corporation (OPIC) for construction of new wind and solar power plants in India. The development follows an […]

CleanMax Enviro Energy Solutions Private Limited, which undertakes solar rooftop projects, has secured Rs 1.58 billion from PTC India Financial Services Limited, a listed non-banking financial company focused on the power sector. CleanMax will use […]

The Asian Infrastructure Investment Bank (AIIB) will provide a loan of $455 million to finance the Andhra Pradesh Rural Roads Project, which will connect about 3,300 habitations with a population of more than 250 and […]

The Himachal Pradesh government has signed a loan agreement with the World Bank for providing financial assistance of Rs 2,853.82 million ($40 million) for the Greater Shimla Water Supply and Sewerage Project. The project is […]

The central government has signed a Rs 24.7 billion loan agreement with the Japan International Cooperation Agency (JICA) for the Chennai Peripheral Ring Road project. The ring road, spanning a total length of 133.65 km, […]

A consortium of banks led by the State Bank of India (SBI) has agreed to provide Rs 220 billion (of the Rs 260 billion required) for construction of the Nagpur-Mumbai Expressway. SBI will provide the […]

KNR Srirangam Infra Private Limited, a wholly owned subsidiary of KNR Constructions Limited, has achieved financial closure for a hybrid annuity model (HAM)-based road project in Tamil Nadu. The project involves four-laning of the Trichy-Kallagam […]

NTPC signed a term loan agreement for Rs 50 billion with SBI on February 11, 2019. The loan facility is extended at an interest rate linked to the three-month marginal cost of funds-based lending rate […]

According to reports, Jet Airways is expected to receive emergency funding of Rs 6 billion ($85 million) in a move to avert a financial crisis. Banks, led by SBI, have planned to provide the funds […]

Energy Efficiency Services Limited (EESL) has raised its first long-term rupee loan for Rs 5 billion. The loan, issued by Punjab National Bank (PNB), will be utilised for funding capital expenditure of EESL’s flagship programmes […]