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 […]
Reliance Jio Infocomm Limited is planning to raise an additional $1.5 billion (Rs 123 billion) via external commercial borrowings (ECBs) to fund its 5G capital expenditure. To this end, the telco has reached out to […]
The National Investment and Infrastructure Fund (NIIF) has signed an MoU with the Japan Bank for International Cooperation (JBIC) to promote Japanese investments in India. The NIIF and JBIC are exploring the formation of a […]
Bank of America has extended approximately Rs 8 billion to ReNew Power in the first local project financing deal by the lender in the renewable energy sector. The five-year rupee-denominated green loan facility will help […]
Indus Towers has reportedly made a provision of Rs 17.71 billion towards doubtful debt in the second quarter of 2022-23, a sharp quarter-on-quarter rise of 43 per cent, as it is yet to receive payment […]
Reliance Jio is planning to raise $2.5 billion (about Rs 206 billion) through an offshore syndicated loan to buy 5G network gear from Ericsson and Nokia. To this end, Jio is in talks with the […]
Orb Energy, a vertically integrated provider of solar energy solutions in India, has received a $20 million follow-on loan from the United States International Development Finance Corporation to support its in-house financing facility for rooftop […]
Budaun Hardoi Road Private Limited, Hardoi Unnao Road Private Limited and Unnao Prayagraj Road Private Limited – wholly owned subsidiaries of Adani Enterprises – have achieved financial closure for the access-controlled six-lane greenfield Ganga Expressway […]
British International Investment (BII), the UK’s development finance institution, has subscribed to a $75 million (approximately Rs 5.85 billion) “Green Basket Bond” to finance micro, small and medium enterprise projects in Africa, South Asia and […]
In order to support 450 MW of rooftop solar deployment in India and to make distributed generation systems in the country more affordable, the World Bank has approved an additional $165 million in financing. The […]
Adani Transmission Limited’s $700 million revolving loan facility has been tagged as a green loan by Sustainalytics. This provides assurance on the green loan framework for the revolving facility. A revolving loan facility is a […]
The Adani Group is in talks with over a dozen foreign banks to raise up to $4.5 billion via a variety of overseas loan instruments. This will be among the largest loan-based foreign currency fundraising […]
Meerut Budaun Expressway Private Limited has achieved financial closure for Group I of the Ganga Four-Lane Expressway Project (Phase I). The financial closure has been achieved at a project cost of Rs 65.38 billion. The […]
The World Bank has approved a loan of $245 million to support India’s efforts to modernise rail freight and logistics infrastructure. The rail logistics project is expected to help India shift traffic from road to […]
The Kerala Water Authority (KWA) has sought funds worth Rs 1,550 million from the Kerala government for the Aluva water treatment plant (WTP) project. Earlier, funds worth Rs 1,300 million had been allotted for the project, but this was deemed insufficient after the latest revised […]
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