Loans

Cleantech Solar has announced the financial closure of a long-term senior secured loan amounting to Rs 8.55 billion from Aseem Infrastructure Finance Limited for the advancement of its open access commercial and industrial (C&I) portfolio […]

Power Finance Corporation Limited (PFC) has signed an agreement with the Chenab Valley Power Project Private Limited (CVPPPL) for a term loan of Rs 18.69 billion. As per the agreement, the loan will be used […]

Punjab National Bank (PNB) and India Infrastructure Finance Company Limited (IIFCL) have signed an agreement to offer long-term financial assistance to viable infrastructure projects. With this, both the institutions will collaborate to fund the infrastructure […]

Avaada Energy, the renewable energy division of Avaada Group, has secured approximately Rs 3.15 billion in financing from Aseem Infrastructure Finance Limited. The funding will support Avaada Energy’s solar photovoltaic power project, which is being […]

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 […]

BluPine Energy has secured Rs 4.18 billion loan from HDFC Bank for its 120 MW solar project in Sadla, Gujarat. The plant is expected to generate about 323,000 MWh of solar energy annually after completion. […]

Tata Power Solar Systems Limited has collaborated with Indian Bank to provide residential customers installing rooftop solar (RTS) systems with a collateral-free loan. Through the partnership, financing options for photovoltaic systems up to 3 kW […]

The National Bank for Financing Infrastructure and Development (NaBFID) is eyeing fresh sanctions of Rs 1 trillion for new projects and refinancing through structured instruments in 2024-25. Besides lending activity, as part of the development […]

In 2023-24, REC Limited has achieved a significant milestone by sanctioning loans amounting to Rs 3.59 trillion, marking a remarkable 33.66 per cent increase from the previous year’s Rs 2.68 trillion. Notably, a substantial portion […]

The board of Indian Renewable Energy Development Agency (IREDA) has sanctioned a borrowing plan amounting to Rs 242 billion for the fiscal year 2024-25. The borrowing endeavour incorporates diverse methods of acquiring funds, highlighting IREDA’s […]

Vodafone Idea Limited (Vi) has received approval from its shareholders to raise Rs 200 billion through equity and equity-linked instruments. With shareholders’ approval in place, the company expects to complete the equity fund raise in […]

Schneider Electric Infrastructure is seeking shareholders’ approval to raise its total borrowing limit to Rs 9 billion from the current Rs 5.50 billion via postal ballots. The approval is being sought with an objective to […]

Schneider Electric Infrastructure is seeking shareholders’ approval to raise its total borrowing limit to Rs 9 billion from the current Rs 5.50 billion via postal ballots. The approval is being sought with an objective to […]

The Japan International Cooperation Agency (JICA) has signed a loan agreement amounting to approximately Rs 28.09 billion (JPY 49.85 billion) for the construction of the second phase of the Chennai Peripheral Ring Road Project. The […]

Sterlite Power has announced the refinancing of the Lakadia-Vadodara Transmission project loan within 12 months of the project becoming fully operational in January 2023. The new financing from HDFC Bank Limited, India Infrastructure Finance Company […]

National Asset Reconstruction Company of India Limited (NARCL) is aiming to raise Rs 27 billion in debt to expedite the purchase of stressed loans. The company is in talks with private and government-owned banks to […]

Power Finance Corporation Limited (PFC) has signed an MoU with the Goa government to support the state’s climate ambitions through a blended finance facility being set up in partnership with the World Bank. Under the […]

Yotta Data Services and its subsidiary NMDC Data Centre have raised over Rs 13.57 billion through a long-term loan from the State Bank of India (SBI). The entire loan facility includes debt worth Rs 13 […]

Hindustan Gateway Container Terminal Kandla Private Limited, a special purpose vehicle (SPV) formed by Hindustan Infralog Private Limited, which is in turn a joint venture (JV) of DP World Limited and National Investment and Infrastructure […]

The Japan International Cooperation Agency (JICA) signed the official development assistance (ODA) loan agreement with the central government to provide funds for three road projects in three states of India on February 20, 2024. Funds […]