Loans

PNC Infratech Limited has submitted financial documents to the National Highways Authority of India (NHAI) for three HAM projects – PNC Unnao Highways Private Limited, PNC Gomti Highways Private Limited and PNC Bithur Kanpur Highways […]

DME Development Limited, a special purpose vehicle (SPV) fully owned by NHAI, is planning to raise Rs 460 billion in debt over the next two to three years to part finance the Delhi-Mumbai expressway project. […]

ADB has approved a loan worth $231 million for the development of the Lower Kopili HEP in Assam. The project is located on the river Kopili and will have a capacity of 120 MW. The […]

The Government of India has signed a $500 million loan agreement with the World Bank to develop safe and green national highway corridors in the states of Rajasthan, Andhra Pradesh, Himachal Pradesh and Uttar Pradesh. […]

The Government of India, the West Bengal government and the World Bank have signed a $105 million project to improve the inland water transport infrastructure in Kolkata, West Bengal. The West Bengal Inland Water Transport, […]

The New Development Bank (NDB) has signed loan agreements worth $646 million with the centre and the Andhra Pradesh government for the AP Mandal Connectivity and Rural Connectivity Improvement Project (APMCRCIP) and the AP Roads […]

HDFC Bank has entered into an agreement to provide funds worth Rs 5 billion for the Jewar airport project in Greater Noida. The funds will be provided at an interest cost of the marginal cost […]

The Asian Development Bank (ADB) has approved a $132.8 million loan to improve and upgrade the power distribution network in Meghalaya. The project will include construction of 23 substations, renovation and modernisation of 45 substations, […]

Deutsche Investitions- und Entwicklungsgesellschaft (DEG), a German development finance institution, has committed funding of $10 million to Avaada Energy Private Limited for the development of 4.3 GW of renewable capacity by 2022. The funding will […]

Ashoka Kandi Ramsanpalle Road Private Limited, a wholly owned subsidiary of Ashoka Buildcon Limited, has received the financial closure letter (dated October 23, 2020) from the National Highways Authority of India (NHAI). The company achieved […]

Sterlite Power has achieved financial closure for its Vapi II North Lakhimpur Transmission Limited project by securing the entire debt funding of Rs 20.7 billion from PFC. The financial closure has been achieved within four […]

ADB and the Indian government have signed a $177 million loan to upgrade 450 km of state highways and major district roads in Maharashtra. The Maharashtra State Road Improvement Project will upgrade two major district […]

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 […]