Loans

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 […]

Reliance Jio Infocomm Limited (RJIL) has raised $500 million through a syndicated Samurai loan from three Japanese banks – the Bank of Tokyo Mitsubishi UFJ, Sumitomo Mitsui Banking Corporation and Mizuho Bank. The floating rate […]

The Asian Infrastructure Investment Bank (AIIB) has approved a $140 million loan for improving rural connectivity in Madhya Pradesh. The project, which is being co-financed by the World Bank, aims to improve durability and accessibility […]

The central government has signed an ODA loan agreement worth approximately Rs 25 billion (JPY 38.67 billion) with JICA for Phase II of the North-East Road Connectivity Project. The loan is being provided at concessional […]

The Japan International Cooperation Agency (JICA) has signed a loan agreement worth Rs 18.13 billion with the Indian government for the Perur water desalination plant project. The official development assistance (ODA) is being provided at […]

The European Investment Bank (EIB) has signed a long-term agreement for Euro 150 million with the Indian Renewable Energy Development Agency (IREDA) to finance clean energy projects in the country. This is the second line […]

Trafigura and BP will lend $1 billion to Essar Oil as the latter seeks to diversify its financing base. The loan will be repaid with cargoes of refined products. Essar has been in talks with […]

The Overseas Private Investment Corporation has committed a loan of $12.5 million for a project to deliver affordable clean drinking water to low- and middle-income groups in India. The loan will be made available to […]

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 Power Finance Corporation (PFC) has signed MoUs with Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited, Uttar Pradesh Power Transmission Corporation Limited and Uttar Pradesh Power Corporation Limited for providing financial assistance aggregating Rs 502 […]

The Asian Development Bank (ADB) has signed a loan agreement worth Rs 5,436.94 million ($84 million) with the central government for the Bihar Urban Development Investment Program (BUDIP) II. BUDIP II was approved by ADB […]

The Asian Infrastructure Investment Bank (AIIB) has approved $1.5 billion worth of loans to India for infrastructure-related projects in 2018. The funds will be used for investment in energy, road and urban development projects, and […]

The Japan International Cooperation Agency has committed an official development assistance loan of Rs 25.87 billion for the third phase of the Bengaluru Water Supply and Sewerage Project in Karnataka. The scope of the project […]

The New Development Bank (NDB) has signed a $100 million loan agreement with the Rajasthan government for financing the Rajasthan Water Sector Restructuring Project. This is the first tranche of funds being given by NDB […]

The Japan International Cooperation Agency (JICA) has committed an official development assistance loan of JPY 45 billion (about Rs 25.87 billion) for the Bengaluru Water Supply and Sewerage Project (Phase 3). The project will provide […]

The Power Finance Corporation (PFC) has sanctioned financial assistance of Rs 13.5 billion to Bihar Grid Company Limited. The financial assistance will be used for the construction of 16 units of 400 kV, 220 kV […]

Amplus Energy Solutions has entered into a pact with private sector lender YES Bank for a strategic tie-up to co-finance projects in the solar energy space in India. YES Bank will look for bankable projects […]

The central government has signed a loan agreement worth $250 million with the Asian Development Bank (ADB) for the construction of 6,254 km of all-weather rural roads in the states of Assam, Chhattisgarh, Madhya Pradesh, Odisha and […]