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Loans

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Loans

Schneider Electric Infrastructure seeks shareholders’ nod to raise borrowing limit to Rs 9 billion

March 27, 2024

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 […]

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Loans

Schneider Electric Infrastructure seeks shareholders’ nod to raise borrowing limit to Rs 9 billion

March 27, 2024

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 […]

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Loans

JICA extends Rs 28.09 billion loan for Chennai Peripheral Ring Road project

March 26, 2024

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 […]

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Loans

Sterlite Power concludes refinancing of LVTPL green energy corridor project in Gujarat

March 20, 2024

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 […]

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Loans

NARCL seeks Rs 27 billion funds to grow bad loan business

March 20, 2024

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 […]

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Loans

PFC and Goa government partners for blended finance facility for climate action

March 20, 2024

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 […]

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Loans

Yotta Data Services raises Rs 13.57 billion in debt from SBI

March 20, 2024

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 […]

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Loans

Hindustan Gateway achieves financial closure for mega container terminal project at Tuna-Tekra in Gujarat

March 6, 2024

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 […]

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Loans

JICA signs agreement to provide funds for three road projects in three states

February 27, 2024

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 […]

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Loans

JICA extends Rs 28.09 billion loan for Chennai Peripheral Ring Road project

February 23, 2024

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 […]

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Loans

NARCL seeks Rs 27 billion funds to grow bad loan business

February 15, 2024

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 […]

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Loans

ADB commits Rs 13.74 billion for Imphal Ring Road Project

February 11, 2024

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 […]

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Loans

SBI initiates downselling of Rs 110 billion loan in Adani’s Ganga Expressway Project

February 11, 2024

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, […]

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Loans

Cleantech Solar secures Rs 6.25 billion loan from Tata Capital

February 11, 2024

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 […]

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Loans

NDB signs loan agreement for financing Gujarat Rural Road Program

February 11, 2024

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. […]

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Loans

NARCL seeks Rs 27 billion funds to grow bad loan business

February 11, 2024

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 […]

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Loans

Yotta Data Services raises Rs 13.57 billion in debt from SBI

February 11, 2024

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 […]

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Loans

Adani Green Energy raises Rs 23.38 billion through warrant issue

February 11, 2024

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 […]

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Loans

REC to lend Rs 1.2 trillion under PMSY

February 2, 2024

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 […]

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Loans

Adani Green Energy raises Rs 23.38 billion through warrant issue

February 1, 2024

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 […]

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