The Ghaziabad Development Authority (GDA) has received an installment of Rs 2.1 billion from the National Capital Region Planning Board (NCRPB) for its Hindon elevated road project. In January 2016, the NCRPB had announced that […]
ICICI Bank has sold outstanding Essar Steel loans worth around Rs 16 billion to Edelweiss ARC. ICICI Bank’s total exposure in Essar Steel was over Rs 30 billion. The bank is now left with working […]
The Asian Development Bank (ADB) has approved a $500 million loan to construct a bridge across the Ganga river. Along with ADB’s loan and $900,000 in technical assistance to improve bridge operation and management, the […]
The Kolkata Municipal Corporation in West Bengal has inked an agreement with ADB for augmentation of the water supply system and modernisation of the drainage system in the city. ADB will release a sum of […]
IRB Infrastructure Developers Limited’s subsidiary – AE Tollway Private Limited – has achieved financial closure of the Agra-Etawah bypass section widening project. IRB has tied up Rs 16.5 billion as project finance. The total cost […]
ONGC Videsh Limited (OVL) has taken a bridge loan of $1.2 billion from a group of foreign banks, at a highly competitive rate of about 1.3 per cent, to fund its acquisition of a 15 […]
Aurangabad Jalna Tollway Limited (AJTL), a wholly owned subsidiary of Sadbhav Infrastructure Project Limited, has completed the refinancing of its existing debt facilities with new debt taken from other lenders with revised terms and conditions. […]
GVK Power and Infrastructure Limited has sought shareholder approval to increase the maximum limit of loans and guarantees that can be given to other entities to Rs 150 billion. The company has sought approval under […]
The Asian Development Bank (ADB) and the Government of India have signed a $200 million loan agreement to upgrade 176 km of state roads in Jharkhand. The financing for the Jharkhand State Roads II Project […]
The Indian Renewable Energy Development Agency (IREDA) is planning to raise Rs 15 billion-Rs 20 billion through taxable bonds in 2015-16. The funds will be utilised for financing renewable energy projects in the country. In […]
Delhi Transco Limited (DTL) has sought a loan of Rs 8 billion from the Power Finance Corporation for completing three projects – laying cables in the Rajghat, Dwarka and Tughlakabad areas of Delhi. Reportedly, DTL […]
The Ministry of Power (MoP) is likely to present a proposal to the Cabinet Committee on Economic Affairs (CCEA) seeking extension of the timeline for issuance of bonds under the Ujwal Discom Assurance Yojana (UDAY). […]
ADB has approved a project loan of $300 million to upgrade over 400 km of major district roads (MDRs) in Uttar Pradesh, to improve maintenance and strengthen road safety on the MDRs forming part of […]
A consortium of banks led by the State Bank of Patiala is looking to sell stake in Monnet Ispat and Energy Limited. Earlier, the banks had acquired a 51 per cent stake in the company […]
The Asian Development Bank (ADB) has approved a loan of $175 million to Mytrah Energies (India) Limited (MEIL). MEIL will utilise the proceeds of the loan for the development of wind and solar power projects […]
NTPC Limited has raised Rs 10 billion through a bond issue. The issue was oversubscribed by 2.8 per cent. The company had put on offer a subscription for non-convertible debentures totalling Rs 5 billion with […]
In a bid to strengthen bilateral ties and ensure energy security, India has offered a $100 million line of credit for infrastructure development to Papua New Guinea and has agreed to jointly develop new avenues […]
According to the Ministry of Communications and Information Technology, Bharat Sanchar Nigam Limited’s (BSNL) outstanding debt stood at Rs 76.66 billion as of January 2016, while that of Mahanagar Telephone Nigam Limited (MTNL) stood at […]
International ratings agency Fitch is expecting the non-performing assets ratio of banks to improve marginally to 10.9 per cent by the end of this fiscal year from 11.1 per cent in 2014-15. According to the […]
The Rajasthan government has signed a Program Implementing Entity Agreement with the World Bank for an International Bank for Reconstruction and Development credit of $250 million for the First Programmatic Electricity Distribution Reform Development Policy […]
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