The central government has announced a Rs 13.38 billion project to construct a 28-km access-controlled highway in Tamil Nadu. Designed to enhance traffic flow, the highway will include a four-lane main carriageway with paved shoulders, […]
The central government has allocated an additional 5 GW capacity to Rajasthan under the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) (Component A) scheme. The Ministry of New and Renewable Energy notification outlines […]
The Ministry of Power (MoP) has issued new guidelines for the installation and operation of battery swapping and charging stations, offering a significant boost to India’s electric vehicle (EV) ecosystem. These guidelines, titled “Guidelines for […]
The Central Electricity Regulatory Commission (CERC) has notified the CERC (Deviation Settlement Mechanism and Related Matters) (First Amendment) Regulations, 2024. It has revised the provisions of the principal regulations to address implementation challenges and streamline […]
Bank of India (BOI) has raised Rs 100 billion through the issuance of infrastructure bonds. The issue comprised a base size of Rs 50 billion, with a greenshoe option of an additional Rs 50 billion. […]
NDR InvIT Trust, an infrastructure investment trust (InvIT), has acquired grade-A industrial and warehousing assets in Surat, Hyderabad, Bengaluru, and Pune for Rs 7.06 billion. The assets span over 2.1 million square feet of operational […]
Bolt.Earth has raised $5 million in a Series A+ funding round led by Version One Ventures, with participation from existing investors USV and Prime Venture Partners. The company plans to utilise the funds to scale […]
Avaada Group has completed Rs 85 billion in financing and refinancing for nine projects across its business divisions. The financing encompasses utility-scale solar projects in independent power producer (IPP) mode, agrivoltaic projects under the PM-KUSUM […]
Waaree Energies Limited has signed a share purchase agreement to acquire a 100 per cent stake in Enel Green Power India Pvt Ltd (EGP India) from Enel Green Power Development S.R.L for Rs 7.92 billion. […]
Bank of Baroda (BoB) has raised Rs 50 billion through infrastructure bonds. The bonds have a maturity period of 10 years and carry a coupon rate of 7.23 per cent. The issue comprised a base […]
Power Finance Corporation (PFC) has entered into a loan agreement worth Rs 65 billion (JPY 120 billion) with the Japan Bank for International Cooperation (JBIC). JBIC will provide Rs 40.04 billion (JPY 72 billion) of […]
Bharti Airtel and Vodafone Idea Limited (Vi) have exited their Wi-Fi joint venture, Firefly Networks, by selling their respective stakes to iBUS Network and Infrastructure Private Limited for Rs 90 million. iBUS Network is backed […]
GMR Group has raised Rs 63 billion from the Abu Dhabi Investment Authority (ADIA) through optionally convertible debentures (OCDs). The company secured the debt funding from ADIA in October 2024. The funds will be used […]
GMR Smart Electricity Distribution Private Limited (GSEDPL), a subsidiary of GMR Power and Urban Infra Limited, has secured a Rs 21.28 billion financing from the Indian Renewable Energy Development Agency Limited (IREDA) for the smart […]
UltraTech Cement has acquired an 8.69 per cent stake in Star Cement, a Meghalaya-based cement manufacturer, for Rs 8.51 billion. UltraTech Cement and Ambuja Cement are on an acquisition spree as the competition between the […]
Capital Infra Trust, formerly National Infrastructure Trust, is set to launch its IPO to raise Rs 15.78 billion. The price band for the issue is Rs 99-100 per unit, scheduled for 7 January 2025. The […]
NDR InvIT has raised Rs 7.45 billion from the National Bank for Financing Infrastructure and Development (NaBFID) by issuing 15-year long-term bonds. The proceeds from the funds raised will be used to develop industrial parks […]
Reliance Power’s subsidiary, Rosa Power Supply Company Limited, has entered into a definitive agreement with Power Finance Corporation (PFC) for a rupee term loan of Rs 37.60 billion. The loan may be availed in one […]
Adani Defence Systems and Technologies (ADSTL) signed a share purchase agreement (SPA) for acquiring an 85.8 per cent stake in Air Works India (Engineering) Private Limited for Rs 4 billion. Air Works is one of […]
The Government of India (GoI) and the Asian Development Bank (ADB) have signed a loan agreement of $500 million (approximately Rs 42.5 billion), which will be provided to India Infrastructure Finance Company Limited (IIFCL) for […]
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