The Ministry of Power has sought a $500 million loan from the Asian Infrastructure Investment Bank (AIIB) for the development of solar power projects in the country. The interest on the loan is likely to […]
Essar Power expects to repay its entire Rs 20 billion debt over the next two years. Some of the company’s power plants are now becoming operational on account of the availability of low-cost fuel and […]
The Japanese government has extended official development assistance (ODA) of over JPY 215 billion (about Rs 142 billion) for the implementation of infrastructure projects in India. The ODA has been committed to the Transmission System […]
Sadbhav Infrastructure Project Limited’s (SIPL’s) subsidiary – Hyderabad Yadgiri Tollway Private Limited (HYTPL) – has completed refinancing of its existing rupee debt facilities with new debt taken from other lenders at revised terms and conditions. […]
SE Forge Limited (SEFL), a subsidiary of Suzlon Group, has exited the corporate debt restructuring plan. The move follows the company’s improved performance in terms of sale revenue, for the first nine months of 2015-16. […]
The Japan International Cooperation Agency has pledged overseas development assistance of about Rs 57 billion for the development of highways in the north-eastern region. The project involves widening and upgrading roads to two lanes, with […]
State-owned Housing and Urban Development Corporation plans to raise Rs 17.88 billion through the issuance of tax-free bonds. Under the offer, a retail investor can earn up to 7.69 per cent by subscribing to the […]
Canada-based pension fund Caisse de depot et placement du Quebec, along with other sovereign wealth funds (such as the State General Reserve Fund of Oman and Kuwait Investment Authority), is in advanced stages of negotiation […]
The International Finance Corporation launched its first Uridashi Masala bonds, mobilising Rs 300 million ($4.3 million) directly from Japanese household investors to promote private sector development in India. Masala bonds are rupee-denominated instruments sold to […]
YES Bank has signed an agreement with the Indian Renewable Energy Development Agency to foster renewable energy development in India. The aim is to help revive green energy financing and help forge a close partnership […]
The Japan International Cooperation Agency (JICA) has agreed to extend loans worth Rs 4 billion for implementation of the Shiradi Aizawl-Tuipang two-laning road project (National Highway [NH]-54) and Tura-Dalu two-laning road project (NH-62) in Mizoram […]
Air India has sought Rs 33 billion under the turnaround plan and also asked to receive the backlog of Rs 9.77 billion which had already been sanctioned but not disbursed as budgetary support for 2016-17. […]
The Japan International Cooperation Agency (JICA) has agreed to extend loans worth Rs 4 billion for implementation of the Shiradi Aizawl-Tuipang two-laning road project (National Highway [NH]-54) and Tura-Dalu two-laning road project (NH-62) in Mizoram […]
The National Capital Region Planning Board (NCRPB) has approved loan assistance of about Rs 30 billion to support nine transport infrastructure projects in Noida, Ghaziabad and the state of Haryana. While two projects in Uttar […]
The Piramal Group is set to launch a fund to invest in distressed assets. The fund is expected to have a corpus of Rs 60 billion. Piramal India Resurgent Funds will be the first domestic […]
SE Forge Limited (SEFL), a subsidiary of the Suzlon Group, has exited a corporate debt restructuring plan. This follows an improved performance in terms of revenues in the first nine months of 2015-16. SEFL, which […]
Hero Future Energies has through the issue of climate bonds. The proceeds from the bonds would be utilised for setting up 2.5 GW of wind energy capacity in coming years. The bonds were validated by […]
Canada-based pension fund Caisse de depot et placement du Quebec, and sovereign wealth funds such as the State General Reserve Fund of Oman and Kuwait Investment Authority are in advanced stages of negotiation to form […]
Sterlite Power Grid Ventures Limited has issued non-convertible debentures aggregating Rs 9.25 billion for its subsidiary, East North Interconnection Company Limited (ENICL). ENICL is developing a 450 km transmission network to connect the eastern and […]
Essel Infraprojects Limited has raised Rs 6 billion through non-convertible debentures (NCDs) at a semi-annual coupon rate of 9.05 per cent per annum for a project entailing four-laning of the Lucknow-Rae Bareli section. The project […]
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