The National Highways Authority of India (NHAI) has garnered a sum of Rs 5.02 billion through the issuance of debt securities on the BSE’s electronic book mechanism platform. The issue was oversubscribed by over 10 […]
YES Bank has raised Rs 3.3 billion through green infrastructure bonds on a private placement basis. The bonds are to be listed on the Bombay Stock Exchange (BSE) and will have a seven-year tenure, offering […]
JSW Energy Limited’s board has accorded approval for raising funds up to Rs 7.5 billion through the private placement of redeemable NCDs. The proceeds from the issue will be utilised for general corporate purposes, business […]
Idea Cellular is planning to raise up to Rs 10 billion by selling unsecured non-convertible debentures (NCDs). The company will sell five-year corporate bonds offering an interest rate of 7.77 per cent. The proceeds of […]
The Maharashtra State Road Development Corporation (MSRDC) has unveiled plans to raise funds worth Rs 267 billion for the Mumbai-Nagpur Communication Expressway project. While the Asian Development Bank (ADB) is expected to provide Rs 137.5 […]
GMR Infrastructure Limited has sought debt restructuring for its 1,370 MW thermal power plant (TPP) at Raikheda in Chhattisgarh from a consortium of 17 lenders. These include Axis Bank, the Power Finance Corporation, Bank of […]
Jet Airways is planning to raise $100 million (approximately Rs 6.8 billion) in dollar-denominated debt by March 2017 to refinance its rupee-based loans. With this move, the airline aims to halve its borrowing rate to […]
The Mumbai Metropolitan Region Development Authority (MMRDA) has proposed splitting the loan for the Mumbai Trans Harbour Link (MTHL) project into two parts. The Japan International Cooperation Agency (JICA)has given in-principle approval for funding Rs […]
The Ministry of Urban Development has released an additional Rs 2.5 billion for the Lucknow metro project. Earlier in 2016, the ministry had released Rs 3 billion towards the project, taking the total assistance so […]
The Ministry of Road Transport and Highways has sanctioned Rs 80 billion for the development of national highways in Telangana. Some of these roads are Surya Pet-Khammam, Manheryal-Chandrapur, Sangareddy-Nanded, Jagityal-Karimnagar-Warangal and Kodad-Khammam.The state government has […]
The centre has sanctioned Rs 32.24 billion for several urban infrastructure projects, including water supply and sewage management, in Rajasthan. The funds have been sanctioned under the Atal Mission for Rejuvenation and Urban Transformation scheme. […]
The National Capital Region Planning Board (NCRPB) has disbursed the first installment of Rs 4.06 billion for the under-construction Noida-Greater Noida metro project. A loan of Rs 5.8 billion will be given by NCRPB in […]
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 […]
Tata Power Renewable Energy Limited (TPREL), a wholly owned subsidiary of Tata Power Company Limited, has completed the acquisition of Welspun Renewables Energy Private Limited (WREPL) at an enterprise value of Rs 92.49 billion. With […]
Reliance Communications (RCOM) has signed a definitive agreement to merge its wireless operations with Aircel’s wireless business. RCOM and Maxis Communications Berhad (the Malaysia-based parent company of Aircel) will each hold a 50 per cent […]
Adani Ports and Special Economic Zone Limited (APSEZL), through its subsidiary Abbot Point Operations (APO), has entered into an agreement to acquire the ownership of Australian company Abbot Point Bulkcoal Pty Limited (APB). APB operates […]
RInfra has signed a binding agreement with Adani Transmission Limited (ATL) for the sale of its power transmission assets to the latter. The company will utilise the proceeds for reducing its debt burden. SBI Capital […]
ONGC Videsh Limited (OVL) and its wholly owned subsidiary ONGC Videsh Vankorneft Private Limited, jointly signed definitive agreements with Rosneft for acquiring an additional 11 per cent share in JSC Vankorneft, the owner of the […]
COPYRIGHT © 2016- 2025 | INDIAN INFRASTRUCTURE