The Indian Renewable Energy Development Agency (IREDA) and Rewa Ultra Mega Solar Limited (RUMSL) have signed a sub-loan agreement to finance the shared infrastructure of two solar power projects in Madhya Pradesh. These are the […]
The Asian Infrastructure Investment Bank (AIIB) has approved a $335 million loan for the Bangalore Metro Rail Project, Reach 6 (R6), AIIB’s first metro project. The 100 per cent electric metro project is also AIIB’s […]
ADB has approved a loan worth Rs 22.26 billion for Phase III of the Karnataka State Highways Improvement Project. The loan will be used for the upgradation of 419 km of state highways from two […]
The Odisha government has signed a loan agreement worth Rs 4.4 billion with Germany’s KfW Development Bank to undertake various urban infrastructure projects in the state. The funds will be utilised for the execution of […]
The Asian Development Bank (ADB) has agreed to sanction Rs 33 billion for the Chennai-Kanyakumari Industrial Corridor Project. The project, which forms a part of the East-Coast Economic Corridor, involves strengthening 15 existing major road […]
The International Finance Corporation (IFC) will invest $440 million (Rs 28 billion) in the 750 MW Rewa ultra mega solar park in Madhya Pradesh. The investment will be provided in the form of debt to […]
ADB has approved a loan package of $583 million for developing Reliance Power Limited’s liquefied natural gas (LNG) terminal along with a 750 MW power project in Bangladesh. The package includes loans and partial risk […]
The Rural Electrification Corporation (REC) and Patratu Vidyut Utpadan Nigam Limited, a subsidiary of NTPC Limited, have signed a loan agreement worth Rs 140 billion for setting up Phase I of the 2,400 MW Patratu […]
India and the World Bank have signed a $98 million loan pact and a $2 million grant agreement for the Shared Infrastructure for Solar Parks Project. While $75 million has been extended by the International […]
ADB has approved a multi-tranche financing facility worth $500 million for the Second Rural Connectivity Investment Programme to improve rural roads in the states of Assam, Chhattisgarh, Madhya Pradesh, Odisha and West Bengal. Under the […]
The State Bank of India (SBI) has extended loans of over Rs 23 billion to seven companies for financing 575 MW of grid-connected solar rooftop projects. These companies are JSW Energy, Tata Renewable Energy, the […]
Energy Efficiency Services Limited (EESL) has entered into a partnership with the Global Environmental Facility (GEF) to receive funding of $454 million for the Creating and Sustaining Markets for Energy Efficiency project. The funding, which […]
KfW, the German development bank, will provide a Rs 11.5 billion loan to the Uttarakhand government to implement projects under the Namami Gange programme. The loan will be utilised to set up a network of […]
The Power Finance Corporation (PFC) has extended loans totalling Rs 13.29 billion to Uttaranchal Jal Vidyut Nigam Limited (UJVNL) and Power Transmission Corporation of Uttarakhand Limited (PTCUL). Of the total amount, Rs 3.09 billion has […]
The Japan International Cooperation Agency (JICA) has signed an official development assistance loan agreement worth $76 million (Rs 4.94 billion) with the Indian government for the upgradation of the environment management plan at the Alang-Sosiya […]
Air India has tied up with public sector lender Punjab National Bank and private lender IndusInd to secure loans to the tune of Rs 32.5 billion for meeting working capital requirements. The airline expects the […]
PFC has sanctioned a loan of Rs 40.09 billion to Telangana State Power Generation Corporation Limited for setting up the 4,000 MW (5×800 MW) coal-based Yadadri thermal power plant in Nalgonda district of the state. […]
Indian Renewable Energy Development Agency Limited has signed an agreement with Reliance Commercial Finance Limited (RCFL) to extend a Rs 3 billion loan to the latter. The loan will be used to lend to renewable […]
South Korea has extended a loan of Rs 350 billion to the Maharashtra government for the implementation of the Rs 460 billion Nagpur-Mumbai Super Communication Expressway project. Meanwhile, several South Korean companies have shown interest […]
The Asian Infrastructure Investment Bank (AIIB) is planning to pump in $1.5 billion (Rs 95.99 billion) in six new projects in India. The $1.5 billion proposed investment by AIIB, is for the Mumbai Metro Line […]
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