Loans

The World Bank has granted in-principle approval for a financial assistance package of Rs 9.29 billion for a water supply and sewage project in Shimla. The assistance will be provided as a development policy loan. […]

The central government, the World Bank and Energy Efficiency Services Limited (EESL) have signed a $220 million loan agreement and a $80 million guarantee pact to push the country’s energy efficiency programme. The programme, which […]

Jet Airways has received liquidity support of $300 million in the form of advance lease incentives and borrowings from domestic banks to overcome a financial crisis. The airline had reported a second consecutive quarterly loss […]

ADB has given in-principle approval for a Rs 55.98 billion loan at a nominal interest rate to Punjab for various urban development projects such as the revival of sewage treatment plants under the Smart Cities […]

The World Bank has approved a $250 million development policy loan for the improvement of the electricity distribution sector under the Power for All scheme in Rajasthan. The state government will receive the loan under […]

Sadbhav Jodhpur Ring Road Private Limited, a wholly owned subsidiary of Sadbhav Infrastructure Project Limited, has achieved financial closure for four laning of the 74.62 km Dangiywas-Jajiwal section from km 96.59 of NH-112 to km […]

GVK Power and Infrastructure Limited has achieved financial closure for Phase I of the Navi Mumbai International Airport project. A loan amounting to Rs 103 billion has been secured by GVK from a consortium of […]

The Uttar Pradesh government has approved the proposal to secure a Rs 120 billion loan from Punjab National Bank (PNB) for the construction of the Purvanchal Expressway. In the first phase, a loan of Rs […]

Reliance Jio Infocomm Limited (RJIL) has signed a $1 billion long-term loan facility with the Korea Trade Insurance Corporation, K-SURE. The facility will be used to finance goods and services procured mainly from Samsung Electronics […]

The Andhra Pradesh cabinet has approved a proposal for raising a loan of Rs 13.85 billion by the Machilipatnam Urban Development Authority for the development of Machilipatnam port. Besides port development, The loan will be […]

The National Bank for Agriculture and Rural Development (NABARD) has sanctioned a Rural Infrastructure Development Fund (RIDF) loan assistance of Rs 2.66 billion for the upgradation of rural roads and bridges in Punjab. These funds […]

Azure Power Global Limited has received debt funding of $135 million (Rs 9 billion) from the International Finance Corporation (IFC) and three European lenders, for the expansion of its solar rooftop unit. IFC will provide […]

The World Bank has approved a Rs 60 billion central scheme, Atal Bhujal Yojana (ABHY), in a bid to improve groundwater management in priority areas across the country. It aims to achieve the same through […]

The central government has signed a $500 million loan agreement with the World Bank to provide additional financing for the Pradhan Mantri Gram Sadak Yojana (PMGSY) rural roads project. The loan has a three-year grace […]

The World Bank has withdrawn funding for the Rs 3.18 billion Kakinada-Rajamahendravaram road project in Andhra Pradesh on account of non-execution of work in the past five years. A four-lane, 16 km road had been […]

The central government, the Madhya Pradesh government and the World Bank have signed a loan agreement worth $210 million for the Madhya Pradesh Rural Connectivity Project. The project involves the improvement of access to rural […]

Adani Transmission Limited (ATL) has achieved financial closure for the purchase of Reliance Infrastructure’s power generation and distribution business in Mumbai. Financial closure for the Rs 132.5 billion purchase was achieved through a consortium of […]

The Asian Development Bank (ADB) has agreed in principle to provide financial assistance for the creation of sewage treatment facilities in Uttarakhand. ADB is expected to sanction Rs 17 billion for building infrastructure, sewage plants, […]

ADB plans to provide a combined assistance of Rs 5.3 billion for three water projects in Tiruppur, Tamil Nadu. Two projects – the Tiruppur Fourth Water Supply Scheme Project and the Water Supply Distribution Improvement […]

The Mumbai Railway Vikas Corporation (MRVC) is considering seeking a loan of Rs 200 billion to fund major suburban railway projects. The projects form a part of the Mumbai Urban Transport Project (MUTP)-III A, the […]