Loans

Bharat Petroleum Corporation Limited (BPCL) has signed a loan agreement for Rs 318.02 billion for projects planned in Bina, Madhya Pradesh. The proceeds will be utilised to finance the development and operation of a petrochemical […]

Housing and Urban Development Corporation Limited (HUDCO) has sanctioned a Rs 270 billion loan for the Bengaluru Development Authority (BDA) to expedite the Bangalore Business Corridor project. The project is slated to commence within two […]

Power Grid Corporation of India Limited (PGCIL) has signed a green loan agreement with Sumitomo Mitsui Banking Corporation (SMBC) for a $200 million facility, with an additional greenshoe option of $150 million. The funds will […]

ACME Solar Holdings Limited’s subsidiary, ACME Renewtech Private Limited, has secured a term loan of Rs 19.88 billion from Power Finance Corporation Limited (PFC) to fund the development and construction of a 300 MW solar-wind […]

Avaada Group has completed Rs 85 billion in financing and refinancing for nine projects across its business divisions. The financing encompasses utility-scale solar projects in independent power producer (IPP) mode, agrivoltaic projects under the PM-KUSUM […]

GMR Smart Electricity Distribution Private Limited (GSEDPL), a subsidiary of GMR Power and Urban Infra Limited, has secured a Rs 21.28 billion financing from the Indian Renewable Energy Development Agency Limited (IREDA) for the smart […]

Reliance Power’s subsidiary, Rosa Power Supply Company Limited, has entered into a definitive agreement with Power Finance Corporation (PFC) for a rupee term loan of Rs 37.60 billion. The loan may be availed in one […]

The Government of India (GoI) and the Asian Development Bank (ADB) have signed a loan agreement of $500 million (approximately Rs 42.5 billion), which will be provided to India Infrastructure Finance Company Limited (IIFCL) for […]

The Government of India (GoI) and KfW Germany have signed a loan agreement of Rs 30.45 billion for phase 2 of the Bangalore Metro Rail Project. With this deal, the metro project marks a 100 […]

The Asian Development Bank (ADB) has signed a loan worth Rs 16.8 billion to Uttarakhand to upgrade water supply, sanitation, mobility, and other urban services. The project aims to build climate and environmental risk-resilient infrastructure. […]

European Investment Bank (EIB) has sanctioned Rs 27.31 billion (300 million Euros) under the Bengaluru Suburban rail project (Bengaluru rail commuter system). The project involves development of 148.17 km long suburban network in Bengaluru city […]

The Asian Development Bank (ADB) has sanctioned a $434.25 million loan to support renewable energy development and strengthen energy security in Assam. Reportedly, the Assam solar project will establish a 500 MW grid-connected solar photovoltaic […]

Avaada Energy has successfully secured approximately Rs 5.97 billion in refinancing from NIIF Infrastructure Finance Limited (NIIF IFL). The proceeds from the raise will be utilised for its commercial and industrial solar projects in Karnataka […]

The International Finance Corporation (IFC) has partnered with Axis Bank to provide a $500 million loan to them, aiming to scale green financing in India and develop the blue finance market. The funds will be […]

The Mumbai Metropolitan Region Development Authority has secured a loan of Rs 316.74 billion from Power Finance Corporation Limited (PFC). The proceeds of the loan will be allocated to nine critical projects, marking a financial […]

REC Limited has disbursed loans totalling Rs 473.03 billion in the second quarter (Q2) of 2024-25, a 13.71 per cent increase from Rs 415.98 billion in Q2 2023-24. Renewable energy loans aggregated to Rs 59.46 […]

REC Limited has signed an MoU with the Rajasthan government to provide a Rs 50 billion loan facility annually until 2030, aggregating to Rs 3 trillion. The MoU has been modified, increasing the commitment to […]

Power Finance Corporation (PFC) has raised a foreign currency term loan aggregating to $1.27 billion through a facility agreement with multiple banks based in IFSC GIFT City, Gandhinagar, including State Bank of India (SBI) being […]

HUDCO may extend loan assistance of Rs 750 billion to Rs one trillion under Pradhan Mantri Awas Yojna-Urban 2.0 (PMAY-U 2.0). HUDCO has been designated as one of the central nodal agencies for channelising interest […]