Loans

The central government has signed a credit facility agreement with France’s development financial institution Agence Française de Développement for financing a water supply project in Puducherry. The Rs 4.8 billion (Euro 65 million) agreement, focuses […]

The Asian Development Bank (ADB) has signed a loan agreement worth Rs 14.24 billion ($220 million) with the central government for the Rajasthan State Highway Investment Programme (RSHIP). The loan amount is the first tranche […]

The central government has signed a credit facility agreement with France’s development financial institution Agence Française de Développement for financing a water supply project in Puducherry. The Rs 4.8 billion (Euro 65 million) agreement, focuses […]

GMR Goa International Airport Limited, a subsidiary of GMR Airports, has signed the common loan agreement/debt facility agreement with Axis Bank Limited to fund the development of the Mopa International Airport project. The bank will […]

Piramal Finance Limited (PFL), a subsidiary of Piramal Enterprises Limited, has extended Rs 7 billon to ACME Solar Holdings Limited. The deal was made through PFL’s Corporate Finance Group under a flexi line of credit […]

The Department of Investment and Public Asset Management is expected to seek cabinet approval soon for the Oil and Natural Gas Corporation (ONGC) to buy the central government’s entire stake (51.11 per cent) in Hindustan […]

GVK Power and Infrastructure Limited has sold its remaining 10 per cent stake in Bengaluru airport to Fairfax India Holdings for a consideration of Rs 12.9 billion. The move is in line with GVK’s strategy […]

The Rural Electrification Corporation (REC) will provide financial assistance of Rs 600.63 billion and Rs 256.6 billion to Tamil Nadu Generation and Distribution Corporation Limited and Tamil Nadu Transmission Corporation Limited respectively. The financial assistance […]

Idea Cellular has secured a loan worth $215 million from Export Development Canada (EDC). The loan is under a pre-existing $500 million uncommitted financing arrangement for Idea’s parent company, the Aditya Birla Group (ABG). Under […]

The Asian Development Bank (ADB) has approved a multi-tranche financing facility of Rs 32.42 billion for Tranches 1 and 2 under the Rajasthan State Highway Investment Program (RSHIP). The RSHIP will upgrade about 2,000 km […]

The central government, the World Bank and the Bihar government have signed a loan agreement worth Rs 15.19 billion ($235 million) for the Bihar Rural Roads Projects. The project will support the construction of around […]

The World Bank has approved a loan of $240 million for the implementation of the Power for All scheme in Andhra Pradesh. The loan from the International Bank for Reconstruction and Development has a maturity […]

The Power Finance Corporation has provided a three-year loan of Rs 36 billion to the four state distribution companies of Uttar Pradesh for laying infrastructure for new connections. This loan amount is the largest ever […]

The Government of India and the Japan International Cooperation Agency have signed an ODA loan agreement worth Rs 40 billion for Phase I of the North-East Road Network Connectivity Improvement Project. Phase I of the […]

The Housing and Urban Development Corporation, under the Ministry of Housing and Urban Poverty Alleviation, has approved a loan worth Rs 8 billion for the Mumbai-Nagpur Communication Expressway Project. The loan has been approved for […]

The World Bank’s board approved a loan of Rs 24.23 billion ($375 million) for capacity augmentation of National Waterway-1 on April 12, 2017. The loan will be provided by the International Bank for Reconstruction and […]

China-sponsored Asian Infrastructure Investment Bank (AIIB) has approved a $160 million loan for a power project in Andhra Pradesh, the first credit from the bank for an Indian project. The AIIB, in which India is […]

PFC has signed a loan agreement with Maharashtra State Electricity Distribution Company Limited (MSEDCL). The loan will provide financial assistance of Rs 30 billion to the distribution company. It will help MSEDCL clear its outstanding […]

The Japan International Cooperation Agency has extended an official development assistance (ODA) loan worth Rs 110 billion for various infrastructure projects in the country. These include the Chennai Metro Rail Phase I Extension Project (ODA […]

The European Investment Bank has approved a Euro 200 million (Rs 14 billion) long-term loan for the State Bank of India (SBI) to finance solar projects across the country. The interest on the loan will […]