Qatar-based investor Three Pillars Pte Limited has offloaded its 5 per cent stake in Bharti Airtel for about Rs 96 billion. The shares were bought by HDFC Life, ICICI Pru Life Insurance, SBI Life, ICICI […]
Cube Highways and Infrastructure Private Limited, a road platform formed by I Squared Capital and the World Bank’s International Finance Corporation, has signed definitive agreements for a minority stake sale to sovereign wealth fund Abu […]
SPML Infra Limited has implemented the Scheme for Sustainable Structuring of Stressed Assets for converting Rs 5.46 billion of its Rs 11.17 billion debt into optionally convertible debentures (OCDs). The OCDs have a tenor of […]
GMR Hyderabad International Airport Limited (GHIAL) is planning to raise $350 million (about Rs 22.76 billion) in the international bond market. This is the third consecutive US dollar bond offering by the GMR Group. GHIAL […]
Tata Teleservices (Maharashtra) Limited’s (TTML) board of directors has cleared a proposal for raising up to Rs 200 billion either through an issue of preference shares to promoters or via debentures. The move comes close […]
The Greenko Group has raised Rs 30 billion from 10-year rupee-denominated bonds through 10 special purpose vehicles. The bonds offer a semi-annual interest rate of 8.75 per cent and will be used to develop a […]
Power Grid Corporation of India Limited is planning to raise Rs 30 billion through masala bonds by end-March 2018. The company has already approached the Reserve bank of India to seek approval for the same. […]
The National Highways Authority of India (NHAI) plans to raise Rs 100 billion by selling 10-year bonds at a coupon rate of 7.5 per cent. The Ministry of Road Transport and Highways has further proposed […]
The State Bank of India (SBI) has extended loans of over Rs 23 billion to seven companies for financing 575 MW of grid-connected solar rooftop projects. These companies are JSW Energy, Tata Renewable Energy, the […]
Energy Efficiency Services Limited (EESL) has entered into a partnership with the Global Environmental Facility (GEF) to receive funding of $454 million for the Creating and Sustaining Markets for Energy Efficiency project. The funding, which […]
KfW, the German development bank, will provide a Rs 11.5 billion loan to the Uttarakhand government to implement projects under the Namami Gange programme. The loan will be utilised to set up a network of […]
The Ministry of Shipping (MoS) has sanctioned funds worth Rs 250 million as grants-in-aid to the Jawaharlal Nehru Port Trust and Rs 500 million to the Karnataka government for the Karwar port for developing various […]
The centre has approved Rs 14 billion for eight cities in the Northeast under the Smart Cities Mission, covering 464 projects including water and sewerage projects. Of these, 24 projects costing Rs 3 billion, identified […]
The central government has unveiled a plan for support of Rs 2.11 trillion for public sector banks in order to spur genuine infrastructure lending for upcoming mega projects. Bad loans and stressed assets in the […]
The Power Finance Corporation (PFC) has extended loans totalling Rs 13.29 billion to Uttaranchal Jal Vidyut Nigam Limited (UJVNL) and Power Transmission Corporation of Uttarakhand Limited (PTCUL). Of the total amount, Rs 3.09 billion has […]
The central government has agreed to sanction Rs 20 billion for the construction of a 418 km national highway connecting East Godavari district and Vizianagaram. The national highway will begin from Rajamahendravaram in East Godavari […]
Jaiprakash Associates’ board has approved the transfer of certain assets and liabilities, including debt of over Rs 118.34 billion, to its subsidiary, Jaypee Infrastructure Development Limited, as a part of its efforts to cut the […]
Road developers KMC Infrastructure Limited and BSCPL Infrastructure Limited have sold two toll road projects to Canadian alternative asset manager Brookfield Asset Management in a Rs 19 billion (close to $300 million) deal. The transaction […]
The Union cabinet has approved a proposal to hive off Bharat Sanchar Nigam Limited’s (BSNL) mobile tower assets into a new unit, which will be wholly owned by the operator. Currently, BSNL owns 66,000 of […]
Adani Power Limited’s shareholders have approved the proposal to hive off its flagship 4,620 MW Mundra power station to its subsidiary, Adani Power (Mundra) Limited. The resolution was passed by the equity shareholders of the […]
COPYRIGHT © 2016- 2025 | INDIAN INFRASTRUCTURE