Loans

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, […]

SJVN Limited has secured Rs 100 billion construction finance facility to fund its upcoming renewable energy projects from a group of leading domestic and international lenders. SJVN Green Energy Limited (SGEL) collaborated with SBI Capital […]

In accordance with the government’s Revamped Distribution Sector Scheme (RDSS), REC Limited and KfW have inked a $215 million financing agreement to improve the distribution infrastructure of distribution companies (discoms). This signifies REC’s sixth credit […]

Adani Green Energy Limited (AGEL) has revealed additional funding of $1.36 billion to enhance its construction financing framework to $3 billion. This financial boost has been supported by a group of international banks. The green […]

The Rural Electrification Corporation Limited (REC) has approved a proposal to increase the borrowing to Rs 1.5 trillion from Rs 1.2 trillion for 2023-24. The board of directors have approved the revision under the market […]

Bharti Airtel is reportedly exploring a fundraise of around $1 billion (approximately Rs 83.3 billion) to prepay a significant portion of its remaining dues relating to the spectrum bought in 2015. This fundraise could also […]

World Bank has signed a $200 million project with the Government of India and the Government of Himachal Pradesh to facilitate power sector reforms and increase the share of renewable energy in Himachal Pradesh’s electricity […]

The Adani Group is set to sign an agreement to refinance $3.5 billion of loans taken for the acquisition of ACC Limited and Ambuja Cement. Aro­und 18 global banks have agreed to join the consortium […]

Development Finance Corporation (DFC) will lend $553 million (Rs 45.90 billion) to Colombo West International Terminal, a consortium of India’s largest port operator Adani Ports and SEZ, Sri Lanka’s enterprise John Keells Holdings and the […]

In an effort to strengthen India’s railway communication and information technology infrastructure, REC Limited will provide Rs 300 billion in funding to RailTel Corporation of India. The MoU, signed on November 9, 2023, aims to […]

Macquarie and KKR are currently in negotiations with Indian lenders to collectively secure Rs 85 billion (about $1 billion) in fresh loans for their road ventures in India. Macquarie seeks Rs 61 billion in loans […]

The renewable energy arm of the Adani Group, Adani Green is currently in talks with foreign lenders to borrow around $1.8 billion for capacity building in solar and wind projects. The lenders include Barclays Plc, […]