Loans

The Japan International Cooperation Agency (JICA) has signed a loan agreement amounting to approximately Rs 28.09 billion (JPY49.85 billion Yen) for the construction of the second phase of the Chennai Peripheral Ring Road Project. The […]

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

The Asian Development Bank has allocated financial assistance amounting to Rs 13.74 billion for the Imphal Ring Road Project in Manipur. The foundation stone for this project, worth Rs 17.66 billion which commenced in 2015-16 […]

SBI is in advanced negotiations to downsell half of its approximately Rs 110 billion loan exposure to the Adani Group’s Ganga Expressway project. After a year of disbursing loans to this significant tolled road initiative, […]

Cleantech Solar has procured a long-term senior secured loan facility of Rs 6.25 billion from Tata Capital Limited. The funds obtained will bolster Cleantech Solar’s open access portfolio in India. A part of the drawdown […]

The New Development Bank has signed a loan agreement worth Rs 41.44 billion ($500 million) for the Gujarat Rural Road Programme. The project is being implemented under the Mukhya Mantri Gram Sadak Yojana in Gujarat. […]

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

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

Adani Green Energy Limited has raised Rs 23.38 billion through a private placement of warrants to Ardour Investment Holding Limited. A total of 63,143,677 warrants, valued at Rs 1,480.75 each were issued. Upon conversion and […]

REC Limited has been appointed as the central agency for the Pradhan Mantri Suryodaya Yojana (PMSY) initiative aimed at deploying rooftop solar systems in the residential sector, and is set to provide loans amounting to […]

Adani Green Energy Limited (AGEL) has raised Rs 23.38 billion through a private placement of warrants to Ardour Investment Holding. A total of 63,143,677 warrants, valued at Rs 1,480.75 each were issued. Upon conversion and […]

Indian Renewable Energy Development Agency (IREDA) and Indian Overseas Bank have signed MoU to collaborate on co-lending and loan syndication for a wide range of renewable energy projects throughout the country. The MoU covers a […]

AdaniConneX is in talks with a group of global lenders to raise as much as $400 million via an offshore loan, which may be the company’s second such transaction since June 2023. As per reports, […]

H.G. Varanasi-Kolkata PKG-10 Highway Private Limited and H.G. Varanasi-Kolkata PKG-13 Private Limited, the special purpose vehicles (SPVs) incorporated by H.G. Infra Engineering Limited, achieved financial closure for the Varanasi-Ranchi-Kolkata Six Lane Highway Project (Packages X […]

Vedanta Resources is close to finalising a $1.25 billion loan jointly provided by Standard Chartered Bank and Cerberus Capital Manage­ment. The move could help it avert a default on bonds due in January 2024. Standard […]

GMR Visakhapatnam International Airport Limited has secured funds worth Rs 32.15 billion for the development of the Bhogapuram green­field international airport project (Vizianagaram). India Infrastructure Finance Company Limited is the leading lender among the five […]

The Indian Renewable Energy Development Agency (IREDA) has launched its retail segment, aiming to enhance its focus on lending to consumers under the Pradhan Mantri Kisan Urja Suraksha Evam Utthaan Mahabhiyan (PM-KUSUM) scheme, rooftop solar […]

The Asian Development Bank (ADB) has given its approval for a $250 million policy-based loan aimed at enhancing the financial sustainability of India’s power sector and promoting the transition towards renewable energy. This policy-based loan […]

Waaree Energies Limited has submitted draft papers to the Securities and Exchange Board of India for an initial public offering (IPO) aimed at raising Rs 30 billion ($361 million). The IPO will consist of a […]

GMR Airports has raised a debt facility worth Rs 8 billion from the Standard Chartered Bank, Varde Partners, and Aditya Birla Special Situation Fund for two years and eleven months. With this fundraise, GMR Airports, […]