Loans

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 […]

Sunsure Energy has secured a long-term loan of Rs 2.26 billion from Tata Capital. The funding has been raised to strengthen their 75 MW solar projects and will be divided among their five special purpose […]

UltraTech Cement has secured a sustainability-linked loan (SLL) of $500 million from six lenders including Sumitomo Mitsui Banking Corporation (SMBC), State Bank of India (SBI), BNP Paribas, Development Bank of Singapore (DBS), Mitsubishi UFJ Financial […]

UltraTech Cement has secured a sustainability-linked loan (SLL) of $500 million from six lenders including Sumitomo Mitsui Banking Corporation (SMBC), State Bank of India (SBI), BNP Paribas, Development Bank of Singapore (DBS), Mitsubishi UFJ Financial […]

To support the development, construction, operations and maintenance of a 400 MW solar PV plant in Gujarat, India, Engie will receive Rs 14.6 billion in the form of a project finance senior debt facility in […]

The Japan Bank for International Cooperation (JBIC) has signed a loan agreement of up to JPY 25.5 billion with Power Finance Corporation (PFC). JBIC will contribute JPY13.5 billion, with the rest co-funded by Sumitomo Mitsui […]

The Asian Development Bank (ADB) has sanctioned loans worth $240.5 million for financing rooftop solar systems in India. The funding will be allocated to State Bank of India (SBI) and National Bank for Agriculture and […]

Tata Power Limited is planning to secure up to $1 billion in local currency to finance clean energy projects, potentially marking the largest such loan in India this year. Reportedly, discussions are underway with major […]

Jakson Green has secured a Rs 600 million sustainable trade facility from HSBC India. This funding will cover the company’s working capital needs for its renewable energy business, both within India and abroad. In addition, […]

Bank loans sanctioned to the infrastructure and construction sectors have grown by 30 per cent in the past five years. According to the Reserve Bank of India (RBI), the total loans for both the sectors […]