Loans

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 […]

  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 […]