The Jawaharlal Nehru Port Trust (JNPT) is planning to raise a dollar-denominated loan of Rs 26 billion from either DBS Bank Limited or the State Bank of India (SBI) for funding a road widening project […]
The European Investment Bank (EIB) will extend a loan of Euro 450 million ($512 million) to India to finance the construction of Lucknow’s first 23 km long metro rail line and purchase a fleet of […]
The Oil and Natural Gas Corporation (ONGC) will fully fund its $1.27 billion stake purchase in Rosneft’s Vankor field in Russia through overseas borrowing. The Russian government recently approved ONGC’s agreement to buy a 15 […]
L&T Infra Finance Company Limited plans to raise up to Rs 2 billion through the issuance of non-convertible bonds on a private placement basis. The company intends to issue secured, redeemable, non-convertible debentures (NCDs) with […]
The Ministry of Power has sought a $500 million loan from the Asian Infrastructure Investment Bank (AIIB) for the development of solar power projects in the country. The interest on the loan is likely to […]
Essar Power expects to repay its entire Rs 20 billion debt over the next two years. Some of the company’s power plants are now becoming operational on account of the availability of low-cost fuel and […]
The Japanese government has extended official development assistance (ODA) of over JPY 215 billion (about Rs 142 billion) for the implementation of infrastructure projects in India. The ODA has been committed to the Transmission System […]
Sadbhav Infrastructure Project Limited’s (SIPL’s) subsidiary – Hyderabad Yadgiri Tollway Private Limited (HYTPL) – has completed refinancing of its existing rupee debt facilities with new debt taken from other lenders at revised terms and conditions. […]
The Maharashtra government has finalised a financial reconstruction plan for three power utilities — Maharashtra State Power Generation Company Limited, Maharashtra State Electricity Transmission Company Limited, and Maharashtra State Electricity Distribution Company Limited. Under this, […]
The Reserve Bank of India (RBI) decreased its repo interest rate by 25 basis points to 6.50 per cent, bringing it to a five-year low. The repo rate is the rate at which the central […]
Tata Power Renewable Energy Limited (TPREL), a subsidiary of Tata Power, has signed a share purchase agreement with Indo Rama Renewables Limited (IRRL) to acquire the latter’s 30 MW wind farm at Sangli, Maharashtra. The […]
IDFC Private Equity (IDFC PE) is offloading an undisclosed portion of its stake in Star AgriWarehousing & Collateral Management (SACM) to the Singapore government’s investment company Temasek Holdings for a consideration of Rs 750 million, […]
Indian Bank has taken over the 52.46 per cent equity stake owned by Marg Limited in Karaikal Port Private Limited (KPPL). KPPL is a special purpose vehicle (SPV) incorporated for the implementation and operation of Karaikal port. […]
GoAir is planning a Rs 10 billion IPO in 2016-17, after it has clarity on the delivery of its new Airbus aircraft. The airline had earlier planned an IPO in 2015-16. However, uncertainty over the […]
The Ministry of Power has issued a directive to financial institutions under its control (the Rural Electrification Corporation and Power Finance Corporation) to buy a stake in NHPC Limited. This is to bring the government […]
The Abu Dhabi Investment Authority, a sovereign wealth fund, has expressed interest in taking up 50 highway projects on a toll-operate-transfer basis in India. Under this model, roads that have already been built by the […]
Bengaluru-based mobile development toolkit start-up Hansel.io has raised an undisclosed amount from venture capital fund Endiya Partners. The transaction was facilitated by Tracxn Syndicate, a data analytics firm that connects start-ups with potential investors. The […]
SE Forge Limited (SEFL), a subsidiary of Suzlon Group, has exited the corporate debt restructuring plan. The move follows the company’s improved performance in terms of sale revenue, for the first nine months of 2015-16. […]
The Japan International Cooperation Agency has pledged overseas development assistance of about Rs 57 billion for the development of highways in the north-eastern region. The project involves widening and upgrading roads to two lanes, with […]
State-owned Housing and Urban Development Corporation plans to raise Rs 17.88 billion through the issuance of tax-free bonds. Under the offer, a retail investor can earn up to 7.69 per cent by subscribing to the […]
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