ADB has approved a loan package of $583 million for developing Reliance Power Limited’s liquefied natural gas (LNG) terminal along with a 750 MW power project in Bangladesh. The package includes loans and partial risk […]
An ordinance amending the Insolvency and Bankruptcy Code [IBC], 2016, has been passed to help prevent defaulters from bidding for their assets during resolution proceedings and regaining control. The ordinance aims to put safeguards in […]
The Greater Hyderabad Municipal Corporation (GHMC) plans to raise Rs 10 billion through the issuance of bonds for funding the Strategic Road Development Plan (SRDP). The Telangana government has approved GHMC’s proposal to raise funds […]
NHAI has borrowed Rs 50 billion from the Employees’ Provident Fund Organisation by selling long-tenor bonds to finance the government’s Bharatmala programme. NHAI has sold corporate bonds with a coupon rate of 7.64 per cent […]
The Rural Electrification Corporation (REC) and Patratu Vidyut Utpadan Nigam Limited, a subsidiary of NTPC Limited, have signed a loan agreement worth Rs 140 billion for setting up Phase I of the 2,400 MW Patratu […]
India and the World Bank have signed a $98 million loan pact and a $2 million grant agreement for the Shared Infrastructure for Solar Parks Project. While $75 million has been extended by the International […]
ADB has approved a multi-tranche financing facility worth $500 million for the Second Rural Connectivity Investment Programme to improve rural roads in the states of Assam, Chhattisgarh, Madhya Pradesh, Odisha and West Bengal. Under the […]
ADIA, the sovereign wealth fund of the Gulf emirate, has agreed to invest $1 billion (Rs 64.7 billion) in the National Investment and Infrastructure Fund’s (NIIF) Master Fund. ADIA will become the first institutional investor […]
Hero Future Energies (HFE) is in discussions with Bhilwara Energy Limited (BEL) to acquire the latter’s wind energy assets. HFE will acquire 83.5 MW of wind projects from BEL’s total portfolio of 103.5 MW – […]
Gayatri Projects Limited has decided to spin off its seven toll road assets into a separate company which will be called Gayatri Highways. The new entity will be listed on the stock exchanges before the […]
A consortium led by US fund Global Infrastructure Partners (GIP) has agreed to buy Singapore-headquartered renewable energy company Equis Energy for a record $5 billion, including debt. Becoming the largest deal in the clean energy […]
The American Tower Corporation (ATC) plans to buy approximately 20,000 stand-alone towers of Vodafone India and Idea Cellular in an all-cash deal valued at just over $1 billion. Vodafone India and Idea Cellular have decided […]
Adani Transmission Limited (ATL) has acquired the operational transmission assets of Reliance Infrastructure Limited’s (RInfra) Western Region System Strengthening Schemes for Rs 10 billion. RInfra will utilise the proceeds from the asset sale for debt […]
RCOM has completed the Sistema Shyam TeleServices (SSTL) merger transaction, upon attaining approvals from all relevant regulators and courts. RCOM’s board of directors took on record the demerger of SSTL’s telecom business in India, run […]
Brookfield Infrastructure has called off its deal worth $200 million with RCOM since the deal was dependent on RCOM’s merger with Aircel, which was called off in October . According to Brookfield, the merger will […]
Five investors have reportedly put in non-binding bids to buy a stake of about 35 per cent in Jaiprakash Power Ventures Limited (JPVL). Initially, JPVL had received expressions of interest from 11 players; however, now […]
Reliance Communications (RCOM) has presented a fresh plan to recast its Rs 450 billion debt. The plan includes converting Rs 70 billion of debt into equity by banks and handing over the majority stake to […]
Reportedly, Bharat Road Network Limited (BRNL) has acquired the remaining 51 per cent stake in Guruvayoor Infrastructure Private Limited (GIPL), a concession company that operates and maintains the 259.76 km Thrissur-Angamali section of National Highway-47 […]
The Union cabinet has approved the sale of its entire 73.47 per cent stake in the Dredging Corporation of India (DCI). The deal is expected to fetch Rs 14 billion-Rs 15 billion to the exchequer. […]
The Ministry of Petroleum and Natural Gas (MoPNG) has approached the cabinet to allow private companies to take a 60 per cent stake in 15 oil and gas producing fields of national oil companies Oil […]
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