The government-backed National Bank for Financing Infrastructure and Development (NaBFID) may sanction close to Rs 1 trillion ($12.23 billion) in loans in 2023-24. The infrastructure lender has sanctioned in-principle loans worth Rs 450 billion so […]
Vena Energy has reached financial closure of the Gudadur Hybrid Project, a 176 MW solar-wind hybrid renewable energy project in Karnataka. The project consists of 48 MW of solar capacity and 128 MW of wind […]
Reliance Industries Limited (RIL) and its unit Reliance Jio Infocomm have raised $2 billion add-on foreign currency loan at the most competitive rates. The move comes days after signing a $3 billion financing agreement in […]
The Adani Group has completed full prepayment of margin-linked share-backed financing worth $2.15 billion as part of its debt prepayment plan, before its deadline of March 31, 2023. The company also prepaid a $500 million […]
JSW Energy Limited is looking to refinance Rs 60 billion of renewable energy loans that it assumed when it acquired assets from Mytrah Energy (India) Private Limited for an enterprise value of Rs 119.34 billion […]
SJVN Limited has secured Rs 9.15 billion green finance from Japan Bank for International Cooperation (JBIC) to fund its 90 MW Omkareshwar floating solar power project in Madhya Pradesh and the 100 MW Raghanesda solar […]
The World Bank has approved a $363 million loan to Karnataka to provide clean drinking water supply to two million rural households in the state through piped water connections. The Karnataka Sustainable Rural Water Supply […]
Power Finance Corporation Limited (PFC) has sanctioned a loan of Rs 6.33 billion to Gensol Engineering Limited (GEL) for the purchase of 5,000 passenger electric vehicles (EVs) and 1,000 cargo EVs. The passenger EVs will […]
The Japan International Cooperation Agency (JICA) has provided funds worth Rs 17.28 billion (JPY 30,755 million) under Tranche III of official development assistance for the Mumbai Trans-Harbour Link Project. About 92 per cent of project […]
The Tata Group-owned Air India will borrow Rs 180 billion through one-year loans from the State Bank of India (SBI) and Bank of Baroda (BoB) to refinance existing debt over the short term, while also planning to tap longer tenure loans […]
The Asian Development Bank (ADB) and Nhava Sheva Freeport Terminal Private Limited have signed a loan agreement worth Rs 10.66 billion ($131 million) for upgradation, operations, maintenance and transfer (UOMT) of the Jawaharlal Nehru Port Container Terminal (JNCPT). The financing package consists of $61.4 million […]
MUFG Bank Limited has extended a Rs 4.5 billion sustainable trade finance facility to Tata Power. It is the first sustainable trade finance facility offered by MUFG in India. This credit facility was extended by […]
The Indian government and the Asian Development Bank (ADB) have signed a $1.22 billion loan agreement to boost the connectivity of major economic zones across Indian states. The agreements would cover projects meant to boost […]
Adani Green Energy Limited (AGEL), through its subsidiary Adani Solar Energy AP Six Private Limited, has raised a Japanese yen denominated facility to refinance its debt. The facility will amortise a project loan facility of […]
AgenceFrancaise de Developpement has approved funds worth Rs 4.12 billion in the form of a loan for the pan-city 24X7 water supply project in Chandigarh. In addition to this, the European Union is giving a […]
Larsen & Toubro Limited (L&T) has successfully closed a three-year $107 million sustainability-linked loan from the Sumitomo Mitsui Banking Corporation (SMBC). SMBC was appointed as the sustainability coordinator and lender. The facility incorporates interest rate […]
Reliance Communications has received a letter from Axis Trustee Services for invocation and sale of 100 per cent equity shares of Globalcom IDC Limited (GIDC), for non-repayment of debt. GIDC is a step-down wholly owned […]
The SBI has signed a Rs 12.4 billion loan agreement with German development bank KfW for funding solar projects. The long-term loan, under the Indo-German solar partnership, will facilitate new and upcoming capacities in the […]
AGEL through its subsidiary, Adani Solar Energy AP Six, has raised approximately $200 million to refinance the existing debt. The funds would be utilised to refinance the 350 MW solar project in Andhra Pradesh. The […]
Airtel Africa and the International Finance Corporation (IFC) have signed a new $194 million loan facility. IFC will provide six of Airtel Africa’s subsidiaries with local currency loans of around $194 million. The new financing […]
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