Fourth Partner Energy has received a loan of Rs 5 million from Grameen Impact India, a non-banking finance corporation registered under RBI, towards its Power@1 programme for 18 months. The company will use the funds […]
JICA signed an agreement with the central government to provide an ODA loan of Rs 85.53 billion for Phase I of the Dedicated Freight Corridor Project’s Western Corridor on March 27, 2020. The loan has […]
The Japan International Cooperation Agency (JICA) and the Government of India have signed official development assistance (ODA) loan agreements for Tranche II for the Mumbai Trans Harbour Link (MTHL) project and the North-East Road Network […]
The World Bank has approved a $500 million project to build safe and green national highway corridors in the states of Rajasthan, Himachal Pradesh, Uttar Pradesh and Andhra Pradesh. The project will also enhance […]
The centre has decided to offer tax benefits to global pension funds on their investments in the infrastructure sector as it seeks to attract investments in the road, port and airport sectors. The decision, which […]
The Reserve Bank of India (RBI) has slashed interest rates by 75 basis points in an emergency move to revive economic growth hit by the coronavirus pandemic and the nationwide lockdown. The central bank cut […]
The centre has unveiled Rs 102 trillion worth of infrastructure projects that will be implemented in the next five years as part of the government’s spending push in the infrastructure sector. The government has announced […]
As part of the monetisation of Sadbhav Infrastructure Project Limited’s nine operational road projects to L&T-run IndInfravit Trust, the InvIT has allotted 188.9 million units at a price of Rs 1.17 per unit to certain […]
The Kerala Infrastructure Investment Fund Board (KIIFB) has released funds worth Rs 3.2 billion as the first instalment to the National Highways Authority of India (NHAI) for acquisition of land for the Kasaragod-Thiruvananthapuram highway project. […]
The Uttar Pradesh government has sanctioned funds worth Rs 2 billion and Rs 14.6 billion for the Bundelkhand six-lane expressway project and the Purvanchal expressway project, respectively, in its second supplementary budget announced on December […]
The State Bank of India (SBI) has sanctioned a Rs 25 billion term loan to the Greater Hyderabad Municipal Corporation (GHMC), under the Strategic Road Development Plan (SRDP). The loan is payable over 15 years […]
The Asian Development Bank (ADB) and the central government have signed a $490 million loan for the public-private partnership (PPP) project to upgrade about 1,600 km of state highways and major district roads from single […]
Reportedly, GIC has accorded a Rs 7 billion-Rs 7.5 billion interim loan to IRB Infrastructure Developers Limited, a few months after it made a commitment that it would infuse Rs 44 billion in an infrastructure […]
The International Finance Corporation (IFC), the financial arm of the World Bank, will lend $36 million for a 250 MW solar project by Mahindra Renewables Private Limited (MRPL) in Rajasthan. Mahindra Susten won the bid […]
Bharti Airtel has begun its $3 billion fundraising exercise by launching qualified institutional placement (QIP) and foreign currency convertible bond (FCCB) issues worth $2 billion and $1 billion respectively. Airtel’s board has fixed the floor […]
NHAI is planning to raise about Rs 400 billion through monetisation of its highway assets through an InvIT. Besides, the authority has identified a number of completed road projects valued at about Rs 600 billion […]
The Department of Investment and Public Asset Management (DIPAM) is likely to appoint legal advisers for Telecommunications Consultants India Limited (TCIL) and WAPCOS soon, to steer their initial public offering (IPO) process. As per industry […]
Airtel Africa is planning to raise about $37.5 million (27.92 billion Malawian kwacha [MK]) through Airtel Malawi’s IPO. The company, which is a subsidiary of India-based Bharti Airtel, has set the price of the IPO […]
JSW Energy Limited has entered into an agreement with Jaiprakash Power Ventures Limited (JPVL) to restructure the principal outstanding amount of Rs 7.52 billion owed by the latter. Under key terms of the agreement, an […]
Fairfax India Holdings Corporation is trimming its stake in Bangalore International Airport Limited (BIAL), as the investment vehicle monetises a bet it first made less than four years ago. Fairfax India will reduce its stake […]
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