Sadbhav Infrastructure Projects Limited is in the process of refinancing the debt of nine of its eleven road projects, which will result in savings of over Rs 1.27 billion annually. Two subsidiaries of the company […]
The Ind Bharath Group has filed an insolvency petition against Tamil Nadu Generation and Distribution Corporation Limited (TANGEDCO) to recover dues of over Rs 7 billion from the state utility under the Insolvency and Bankruptcy […]
The National Company Law Tribunal (NCLT) has appointed an interim insolvency professional for SmartCity (Kochi) Infrastructure, after admitting a payment defaultclaim by a creditor against the JV between the Kerala government and Dubai’s Tecom Investments. […]
Supreme Infrastructure has received the nod to restructure its Rs 24.1 billion debt raised from an SBI-led consortium under the Scheme for Sustainable Structuring of Stressed Assets (S4A). Meanwhile, the Reserve Bank of India’s oversight […]
Aiming at a major push for infrastructure, Indian Railways will raise Rs 350 billion with World Bank assistance to create a separate fund for investment in the rail sector. The proposed Railways of India Development […]
Moradabad Bareilly Expressway Limited (MBEL), the SPV incorporated by IL&FS Transportation Networks Limited (ITNL), has refinanced its debt availed for the implementation of the Moradabad-Bareilly four-laning highway project (NH-24). Earlier, of the total cost, Rs […]
Infrastructure Leasing & Financial Services Limited has formed a joint investment platform with American private equity fund house Lone Star for stressed infrastructure projects in India. The platform will have a capital pool of $550 […]
The consortium of lenders of GMR Chhattisgarh Energy Limited has converted the company’s debt to equity under the strategic debt restructuring scheme. Of the company’s total outstanding debt (including accrued interest) of Rs 88 billion, […]
Airtel Payments Bank has rolled out commercial services across the country. The bank, a joint venture between Bharti Airtel (80.1 per cent) and Kotak Mahindra Bank (19.9 per cent), is offering an interest rate of […]
The central government has approved the expansion of the mandate of the Delhi Mumbai Industrial Corridor Project Implementation Trust Fund (DMIC-PITF) and re-designated it the National Industrial Corridor Development and Implementation Trust (NICDIT) for the […]
Ashoka Buildcon Limited (ABL) has achieved financial closure for two road projects in Karnataka, as stated in a letter received from Karnataka Road Development Corporation Limited (KRDCL). The first project entails the augmentation of the […]
Welspun Enterprises Limited has achieved financial closure for Package I of the Delhi-Meerut expressway project. This is the first hybrid annuity-based project to have closed financially. Package I entails a total cost of Rs 8.41 […]
The National Investment and Infrastructure Fund (NIIF) has become operational and will commence funding activities soon. The dedicated fund is indicative of the government’s attempt to make more funds available for the infrastructure sector. Funding […]
The Ministry of Urban Development (MoUD) has announced that the process of credit rating of urban local bodies (ULBs) has begun in 85 cities of which 12 have completed the process. All the cities will […]
The Ministry of Railways (MoR) is in advanced stages of finalising a proposal to create a $5 billion fund, the Railways of India Development Fund (RIDF), to finance its various infrastructure projects. Once the proposal […]
Telcom companies are likely to spend Rs 1 trillion on buying spectrum across various bands in the next auction likely to be held in September 2016. The top three carriers – Bharti Airtel, Vodafone India […]
The National Payments Corporation of India has launched an online payments solution – the unified payments interface (UPI) – that will combine multiple bank accounts into a single mobile application of a participating bank. Further, […]
RBI has granted a payments bank licence to the JV between Airtel M Commerce Services Limited (a subsidiary of Bharti Airtel) and Kotak Mahindra Bank. In August 2015, RBI had given in-principle approval to 11 […]
AAI is expected to record an all-time high revenue of Rs 100 billion in 2015-16, a 7.7 per cent increase from Rs 92.85 billion in 2014-15. This growth can be attributed to a surge in […]
The London Stock Exchange-listed Cairn Energy, which holds a 9.82 per cent stake in Cairn India, has called for an annual general meeting of shareholders on May 12, 2016, to approve the proposal to dispose […]
COPYRIGHT © 2016- 2022 | INDIAN INFRASTRUCTURE