Loans

The central government has signed a Rs 24.7 billion loan agreement with the Japan International Cooperation Agency (JICA) for the Chennai Peripheral Ring Road project. The ring road, spanning a total length of 133.65 km, […]

A consortium of banks led by the State Bank of India (SBI) has agreed to provide Rs 220 billion (of the Rs 260 billion required) for construction of the Nagpur-Mumbai Expressway. SBI will provide the […]

KNR Srirangam Infra Private Limited, a wholly owned subsidiary of KNR Constructions Limited, has achieved financial closure for a hybrid annuity model (HAM)-based road project in Tamil Nadu. The project involves four-laning of the Trichy-Kallagam […]

NTPC signed a term loan agreement for Rs 50 billion with SBI on February 11, 2019. The loan facility is extended at an interest rate linked to the three-month marginal cost of funds-based lending rate […]

According to reports, Jet Airways is expected to receive emergency funding of Rs 6 billion ($85 million) in a move to avert a financial crisis. Banks, led by SBI, have planned to provide the funds […]

Energy Efficiency Services Limited (EESL) has raised its first long-term rupee loan for Rs 5 billion. The loan, issued by Punjab National Bank (PNB), will be utilised for funding capital expenditure of EESL’s flagship programmes […]

The Uttarakhand government has signed a loan agreement worth Rs 12 billion (Euro 150 million) with German development bank KfW for developing a sewer line network in the twin cities of Haridwar and Rishikesh. The […]

The board of directors of the Asian Infrastructure Investment Bank has approved a loan worth Rs 28.52 billion ($400 million) for the Andhra Pradesh Urban Water Supply and Septage Management Improvement Project. The Andhra Pradesh […]

The National Bank for Agriculture and Rural Development has signed an agreement worth Rs 7,130 million with the Green Climate Fund to support private sector initiatives for the creation of rooftop solar power projects across […]

According to reports, the GVK Group is in talks with JM Financial Limited to refinance up to Rs 14 billion debt of GVK Airport Holdings Private Limited through a structured credit transaction. The debt was […]

The Government of India has signed a loan agreement with the Japan International Cooperation Agency for procuring Rs 16.4 billion (JPY 25.48 billion) for the North-East Road Network Connectivity Improvement Project (Phase III). The tender […]

The Asian Development Bank (ADB) is planning to scale up a satellite-based smart meters project being implemented in Uttar Pradesh by Energy Efficiency Services Limited (EESL). As part of ADB’s $200 million loan to EESL […]

The government has prepared a new revival plan for Air India which involves transferring the airline’s working capital debt of about Rs 290 billion to a special purpose vehicle, Air India Assets Holding Limited. At […]

Air India has raised Rs 10 billion from the National Small Savings Fund and is also expected to receive Rs 5 billion through short-term borrowings soon. Though the loan has been availed at a lower […]

The Airports Authority of India (AAI) has received approval from the government, after a delay of almost six months, to borrow Rs 94.3 billion over a period of four years from 2018-19 to 2021-22. AAI […]

Two wholly owned subsidiaries of Dilip Buildcon Limited – DBL Rewa Sidhi Highways Private Limited and DBL Chandikhole Highways Private Limited – have received sanction letters from banks for financing their road projects in Madhya […]

The National Highways Authority of India (NHAI) has achieved financial closure for the first bundle of toll, operate and transfer (TOT) projects. An upfront payment of Rs 96.81 billion was made by the Macquarie Group […]

NHAI is expected to borrow at least Rs 250 billion as a loan from public sector banks including the State Bank of India (SBI). The authority recently received a loan of Rs 250 billion from […]

Five state agencies will provide a cumulative loan of Rs 50 billion to the Maharashtra State Road Development Corporation (MSRDC) for the construction of the Mumbai-Nagpur Expressway. These are the Maharashtra Industrial Development Corporation, the […]

The Asian Development Bank (ADB) has approved a loan worth Rs 17.35 billion ($245 million) for the West Bengal Drinking Water Sector Improvement Project. The project aims to provide safe, sustainable and inclusive drinking water […]