Loans

The State Bank of India (SBI) has sanctioned a Rs 3 billion term loan to PTC India Financial Services Limited (PFS) for working capital augmentation. The loan has a tenor of three years including a […]

The World Bank has approved a five-year loan worth Rs 30 billion to the Namami Gange programme to develop and improve infrastructure projects to abate pollution in the river basin. So far, 313 projects worth […]

Reportedly, Cube Highways and Infrastructure Pte Limited is likely to raise funds worth about Rs 35 billion from SBI to fund its purchase of long-term toll collection rights under the toll-operate-transfer (TOT) model. Thus, Cube […]

IRB MP Expressway Private Limited, a special purpose vehicle of IRB Infrastructure Developers Limited, has achieved financial closure for its first TOT project, the Mumbai-Pune Expressway. IRB had been managing the tolling and operations of […]

The Uttar Pradesh Expressways Industrial Development Authority has signed a loan agreement worth Rs 15 billion with the Bank of India and the Central Bank of India for the Lucknow-Ballia Expressway project (Purvanchal Expressway). With […]

  The World Bank has approved a $500 million project to build safe and green national highway corridors in the states of Rajasthan, Himachal Pradesh, Uttar Pradesh and Andhra Pradesh. The project will also enhance […]

The State Bank of India (SBI) has sanctioned a Rs 25 billion term loan to the Greater Hyderabad Municipal Corporation (GHMC), under the Strategic Road Development Plan (SRDP). The loan is payable over 15 years […]

The Asian Development Bank (ADB) and the central government have signed a $490 million loan for the public-private partnership (PPP) project to upgrade about 1,600 km of state highways and major district roads from single […]

Reportedly, GIC has accorded a Rs 7 billion-Rs 7.5 billion interim loan to IRB Infrastructure Developers Limited, a few months after it made a commitment that it would infuse Rs 44 billion in an infrastructure […]

The International Finance Corporation (IFC), the financial arm of the World Bank, will lend $36 million for a 250 MW solar project by Mahindra Renewables Private Limited (MRPL) in Rajasthan. Mahindra Susten won the bid […]

The Asian Development Bank (ADB) has approved a loan of $250 million as part of an assistance package to Energy Efficiency Services Limited (EESL) to expand energy efficiency investments in India. The project will adopt […]

The Telangana government has granted permission to the Greater Hyderabad Municipal Corporation (GHMC) to appoint SBI Capital Markets Limited for obtaining funds worth Rs 25 billion for the Greater Hyderabad Strategic Road Development Plan project. […]

NTPC Limited has signed a term loan agreement for Rs 50 billion with the State Bank of India (SBI). The loan facility has been extended at an interest rate linked to the three-month marginal cost […]

The Uttar Pradesh cabinet has approved the proposal for obtaining funds worth Rs 70 billion from a Bank of Baroda-led consortium for the Bundelkhand six-lane expressway project. Currently, about 96 per cent of the total […]

The Asian Infrastructure Investment Bank (AIIB) has approved $575 million in loans to two urban infrastructure projects in India as part of its efforts to ramp up investments in the country. It is extending a […]

Indian Railway Station Development Corporation Limited is in the final stage of raising a loan of Rs 5.41 billion from the Indian Railway Finance Corporation (IRFC) for redevelopment of the Anand Vihar, Bijwasan and Chandigarh […]

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 […]