Loans

The Rural Electrification Corporation Limited (REC) has approved a proposal to increase the borrowing to Rs 1.5 trillion from Rs 1.2 trillion for 2023-24. The board of directors have approved the revision under the market […]

Bharti Airtel is reportedly exploring a fundraise of around $1 billion (approximately Rs 83.3 billion) to prepay a significant portion of its remaining dues relating to the spectrum bought in 2015. This fundraise could also […]

World Bank has signed a $200 million project with the Government of India and the Government of Himachal Pradesh to facilitate power sector reforms and increase the share of renewable energy in Himachal Pradesh’s electricity […]

Development Finance Corporation (DFC) will lend $553 million (Rs 45.90 billion) to Colombo West International Terminal (CWIT)-a consortium of India’s largest port operator Adani Ports and SEZ, Sri Lanka’s enterprise John Keells Holdings (JKH) and […]

Vodafone Idea Limited (Vi) has reportedly secured a loan worth Rs 20 billion from HDFC Bank. The funding will likely help the operator to meet its past overdue licence fee and 5G spectrum payment commitments […]

Macquarie and KKR are currently in negotiations with Indian lenders to collectively secure Rs 85 billion (about $1 billion) in fresh loans for their road ventures in India. Macquarie seeks Rs 61 billion in loans […]

To foster connectivity, the Asian Development Bank (ADB) has granted its approval for loan worth Rs 14.54 billion ($175 million) for the upgradation of roads in Madhya Pradesh. It would involve upgradation of about 500 […]

The Adani Group is set to sign an agreement to refinance $3.5 billion of loans taken for the acquisition of ACC Limited and Ambuja Cement. Around 18 global banks have agreed to join the consortium […]

NTPC Limited has signed a term loan agreement worth Rs 5 billion with HDFC Bank Limited, featuring an interest rate tied to the T-bill rate. This loan has a door-to-door tenure extending over 15 years […]

NTPC Limited has signed a term loan agreement worth Rs 5 billion with HDFC Bank Limited, featuring an interest rate tied to the T-bill rate. This loan has a door-to-door tenure extending over 15 years […]

Serentica Renewables has successfully secured Rs 30 billion from REC Limited in debt funding. The assistance from REC Limited is anticipated to help Serentica Renewables in the development of its upcoming hybrid clean energy projects.

REC Limited has extended Rs 60.75 billion to Greenko for the development of 1,440 MW standalone pumped storage projects (PSPs). A number of clean energy projects will also receive financial support from REC Limited and […]

The Board of Directors of the U.S. International Development Finance Corporation (DFC) has approved to provide financing of up to $425 million to TP Solar Limited, a subsidiary of Tata Power Renewable Energy Limited (TPREL). […]

Reliance Jio is raising up to $2 billion in offshore loans to fund the purchase of 5G network equipment from Ericsson. BNP Paribas is the lead arranger of the loan and will provide $1.9-2 billion […]

Mumbai Metropolitan Region Development Authority (MMRDA) is seeking a loan worth Rs 200 billion to develop and finance infrastructure projects across the region. The MMRDA is cash-strapped and plans to spend a significant amount of […]

Power Finance Corporation Limited (PFC) has secured a loan worth JPY1.85 billion from the Japan Bank for International Cooperation (JBIC). The loan has been taken by the company to fund KPC Gas Power Corporation’s 11.5 […]

Adani Energy Solutions Limited (AESL) has announced the financial closure of its $1 billion green high voltage direct current (HVDC) link project. The project will enable ‘greening’ of the Mumbai Grid by supplying more renewable […]

Avaada Group and REC Limited have signed a memorandum of understanding for an investment of around $2.44 billion to fund its multiple projects over the next five years. Avaada will utilise the REC investment to […]

REC Limited has provided HPCL Rajasthan Refinery Limited (HRRL) with a loan of Rs 47.85 billion to facilitate the development of a greenfield refinery and petrochemical complex in the Barmer district of Rajasthan. The loan […]

SpiceJet has successfully cleared the settlement of a loan payment worth Rs 1 billion to City Union Bank. The final installment of Rs 250 million was paid on June 30, 2023, thereby closing the entire […]