Reliance Industries Limited is in talks with lenders for a foreign currency loan of up to $2 billion to fuel the ongoing expansion of its oil-to-telecom business. Additionally, it plans to use India’s dedicated external […]
The International Finance Corporation (IFC) could provide as much as $500 million (around Rs 41 billion) to companies engaged in the roll-out of smart meters in India. According to IFC, the Smart Meter National Programme […]
As per the latest affidavit filed before the National Company Law Appellate Tribunal, as of March 2023, IL&FS has successfully repaid a total debt of Rs 288.48 billion. The firm has resolved debts via monetisation […]
The National Bank for Financing Infrastructure and Development (NaBFID) may sanction close to Rs 1 trillion ($12.23 billion) in loans in 2023-24. The infrastructure lender has sanctioned in-principle loans worth Rs 450 billion so far, […]
Genus Power Infrastructures Limited, a metering solutions provider and manufacturer, has signed a commitment letter with United States International Development Finance Corporation (DFC) to obtain a loan up to $49.5 million to scale up the […]
The government-backed National Bank for Financing Infrastructure and Development (NaBFID) may sanction close to Rs 1 trillion ($12.23 billion) in loans in 2023-24. The infrastructure lender has sanctioned in-principle loans worth Rs 450 billion so […]
The Adani Group aims to raise approximately $800 million for its new green energy projects. The conglomerate is currently engaged in discussions with renowned global banks including Sumitomo Mitsui Banking Corporation, DBS Bank Limited, Mitsubishi […]
Vena Energy has reached financial closure of the Gudadur Hybrid Project, a 176 MW solar-wind hybrid renewable energy project in Karnataka. The project consists of 48 MW of solar capacity and 128 MW of wind […]
Reliance Industries Limited (RIL) and its unit Reliance Jio Infocomm have raised $2 billion add-on foreign currency loan at the most competitive rates. The move comes days after signing a $3 billion financing agreement in […]
The Adani Group has completed full prepayment of margin-linked share-backed financing worth $2.15 billion as part of its debt prepayment plan, before its deadline of March 31, 2023. The company also prepaid a $500 million […]
JSW Energy Limited is looking to refinance Rs 60 billion of renewable energy loans that it assumed when it acquired assets from Mytrah Energy (India) Private Limited for an enterprise value of Rs 119.34 billion […]
SJVN Limited has secured Rs 9.15 billion green finance from Japan Bank for International Cooperation (JBIC) to fund its 90 MW Omkareshwar floating solar power project in Madhya Pradesh and the 100 MW Raghanesda solar […]
The World Bank has approved a $363 million loan to Karnataka to provide clean drinking water supply to two million rural households in the state through piped water connections. The Karnataka Sustainable Rural Water Supply […]
Power Finance Corporation Limited (PFC) has sanctioned a loan of Rs 6.33 billion to Gensol Engineering Limited (GEL) for the purchase of 5,000 passenger electric vehicles (EVs) and 1,000 cargo EVs. The passenger EVs will […]
The Japan International Cooperation Agency (JICA) has provided funds worth Rs 17.28 billion (JPY 30,755 million) under Tranche III of official development assistance for the Mumbai Trans-Harbour Link Project. About 92 per cent of project […]
The Tata Group-owned Air India will borrow Rs 180 billion through one-year loans from the State Bank of India (SBI) and Bank of Baroda (BoB) to refinance existing debt over the short term, while also planning to tap longer tenure loans […]
The Asian Development Bank (ADB) and Nhava Sheva Freeport Terminal Private Limited have signed a loan agreement worth Rs 10.66 billion ($131 million) for upgradation, operations, maintenance and transfer (UOMT) of the Jawaharlal Nehru Port Container Terminal (JNCPT). The financing package consists of $61.4 million […]
REC Limited will provide financial assistance to Bangalore Metro Rail Corporation Limited (BMRCL) worth Rs 30.45 billion for the establishment and development of metro lines under the Phase-II project of Bangalore Metro. The Phase-II project […]
Reliance Jio is reportedly in talks with global banks to raise around $1 billion-$1.5 billion through an offshore syndicated loan to buy 5G network gear from Ericsson. The telco intends to leverage these funds to […]
The Asian Development Bank (ADB) has approved $200 million additional financing for the Rajasthan secondary towns development sector project. The project includes work to improve the water supply and sanitation systems in Rajasthan. Under this […]
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