Loans

The Government of India and ADB have signed a Rs 22.9 billion ($350 million) loan agreement for the Madhya Pradesh District Roads II Sector Project. In addition to this loan, an amount of Rs 9.81 […]

The Asian Development Bank (ADB) has approved a $175 million loan for Power Grid Corporation of India Limited. As part of the assistance, ADB will also provide a $50 million co-financing loan from the Clean […]

The central government has signed a $500 million loan agreement with ADB to improve large-scale power transmission in the country. The loan will facilitate the financing of 800 kV high voltage direct current converter stations […]

ADB has signed a $375 million pact with India for loans and grants to develop the 800 km Visakhapatnam-Chennai Industrial Corridor, which is the first phase of the 2,500 km East Coast Economic Corridor. The […]

The National Industrial Corridor Development and Implementation Trust has approved the inclusion of the Gurgaon-Manesar-Bawal metro rail in the Delhi Mumbai Industrial Corridor (DMIC) project. The metro project involves the development of a 108 km […]

REC has signed two agreements with power utilities in Karnataka for extending financial assistance of Rs 390 billion till March 2022. As per the agreement, Bangalore Electricity Supply Company Limited can avail of Rs 120 […]

The National Highways Authority of India (NHAI) has raised Rs 85 billion from the Life Insurance Corporation of India (LIC) for 30 years at an interest rate of 7.22 per cent per annum. The funds […]

The Rural Electrification Corporation (REC) has signed a loan agreement with Tamil Nadu’s power generation and transmission utilities for financial assistance worth Rs 68.9 billion. The agreements were signed with Tangenco and Tantransco for the […]

Reliance Industries Limited (RIL) is planning to raise $2.25 billion in a bid to replace its existing high-cost borrowings and to expand the services of its telecom unit, Reliance Jio Infocomm Limited (RJIL). RIL is […]

Tikona Digital has received funding of $171 million from the Overseas Private Investment Corporation (OPIC), a US-based government development finance agency. The funding, which is a commercial loan, has reportedly put to rest talks regarding […]

ReNew Power Ventures Private Limited has secured a long-term loan of $390 million from the Asian Development Bank (ADB). The funding will be undertaken by ADB and the Leading Asia’s Private Sector Infrastructure Fund, administered […]

The Maharashtra State Road Development Corporation (MSRDC) has unveiled plans to raise funds worth Rs 267 billion for the Mumbai-Nagpur Communication Expressway project. While the Asian Development Bank (ADB) is expected to provide Rs 137.5 […]

GMR Infrastructure Limited has sought debt restructuring for its 1,370 MW thermal power plant (TPP) at Raikheda in Chhattisgarh from a consortium of 17 lenders. These include Axis Bank, the Power Finance Corporation, Bank of […]

Jet Airways is planning to raise $100 million (approximately Rs 6.8 billion) in dollar-denominated debt by March 2017 to refinance its rupee-based loans. With this move, the airline aims to halve its borrowing rate to […]

The Mumbai Metropolitan Region Development Authority (MMRDA) has proposed splitting the loan for the Mumbai Trans Harbour Link (MTHL) project into two parts. The Japan International Cooperation Agency (JICA)has given in-principle approval for funding Rs […]

The Ministry of Urban Development has released an additional Rs 2.5 billion for the Lucknow metro project. Earlier in 2016, the ministry had released Rs 3 billion towards the project, taking the total assistance so […]

ADB has approved a $631 million loan for the construction of an industrial corridor between Visakhapatnam and Chennai, part of India’s first coastal industrial corridor running from Kolkata in West Bengal to Tuticorin in Tamil […]

The Greater Visakhapatnam Municipal Corporation (GVMC) in Andhra Pradesh has availed of a $245 million loan from the Asian Development Bank (ADB) under the Visakhapatnam-Chennai Industrial Corridor Development Programme. The sanctioned amount will be utilised […]

The Jawaharlal Nehru Port Trust (JNPT) has signed an agreement with the State Bank of India (SBI) and the Development Bank of Singapore (DBS) for raising external commercial borrowing (ECB) worth $400 million. Of the […]

The Telangana Drinking Water Supply Project (Mission Bhagiratha) has received approval for raising a loan worth Rs 67.5 billion from a consortium of eight Indian banks. Led by Andhra Bank,  the consortium comprises Dena Bank, […]