Loans

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 […]

Austrian Development Bank OeEB has lent Euro 13 million for a sewerage treatment project at Maheshtala in South 24 Parganas district of West Bengal. The bank has offered the entire amount as loan to the […]

SBI is planning to sell its Rs 38.15 billion outstanding loan from KSK Ma­hanadi Power to the Aditya Birla Asset Reconstruction Company (ARC), thereby bolstering its earnings for the quarter ending in June 2022. The […]

The Adani Group is in discussions with the State Bank of India (SBI) to raise approximately Rs 120 billion in long-term project loans for the construction of the Ganga Expressway, touted as the country’s longest […]

The Indian Renewable Energy Development Agency (IREDA), a renewable energy project financing company, has authorised Rs 144.45 billion in loans and distributed Rs 100.18 billion to various green energy projects across Maharashtra. Reportedly, IREDA, in […]

Government-owned banks have agreed to finance distressed power companies undergoing insolvency proceedings, in order to help enhance electricity supplies. Lenders will provide working capital loans primarily to purchase imported coal and operate plants at maximum capacity, […]

Sterlite Power Transmission Limited has achieved financial closure for its Nangalbibra-Bongaigaon Transmission Limited (NBTL) project, securing the entire debt funding of Rs 4.4 billion from Tata Cleantech Capital Limi­ted. The financial closure has been achieved […]

      NHPC Limited has signed an agreement with HDFC Bank to securitise the return on equity (RoE) of its 540 MW Chamera I power plant in Himachal Pradesh. NHPC has signed the facility […]

Vodafone Idea Limited (Vi) has appointed SBI Capital Markets to negotiate the restructuring of loans worth Rs 200 billion-Rs 230 billion that the telco is due to repay within the next four years. Reportedly, Vi […]

  The Asian Development Bank (ADB) and the Government of India have worked out a $2.5 million project readiness financing (PRF) loan to support project preparation and design activities for upgrading major district roads in […]

PNC Gomti Highways Private Limited, wholly owned subsidiary of PNC Infratech Limited, received communication from the National Highways Authority of India (NHAI) on February 12, 2021, confirming the achievement of financial closure of its project […]

The government has signed an agreement with the Asian Infrastructure Investment Bank (AIIB) for the Assam Intra-State Transmission System Enhancement Project. The estimated cost of the project is $365 million, of which $304 million will […]

The World Bank plans to introduce a $100 million credit guarantee scheme to support India’s rooftop solar programme. The scheme will allow micro, small and medium enterprises to avail of concessional debt financing for setting […]

The CDC Group, a UK-based development finance institution, has announced a $30 million credit facility to Tata Cleantech Capital. The deal marks the first green loan facility offered by the CDC Group. The investment will […]

The VM7 Expressway, a wholly owned subsidiary and a special purpose vehicle (SPV) of IRB Infrastructure Developers Limited, has achieved financial closure for the Gandeva-Ena project in Gujarat. The project involves eight-laning of the 27.5 […]

Eden Renewables India has announced financial closure for its 450 MW solar project in Rajasthan. The project raised $165 million in finance from three major international banks. The solar project was financed through a green […]

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. […]