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HomeKey FinancingsSanctions/ Grants

Sanctions/ Grants

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Sanctions/ Grants

NHAI allocate funds for renovation of Delhi-Gurugram Expressway in Delhi, Haryana

May 19, 2025

The National Highways Authority of India (NHAI) has allocated funds worth Rs 2.45 billion for implementation of Delhi-Gurugram Expressway Renovation Project. The tender for the same is expected to be invited soon. The project involves […]

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Sanctions/ Grants

REC signs MoU worth Rs 210 billion with Madhya Pradesh government to support power sector

March 10, 2025

REC Limited has signed a memorandum of understanding (MoU) with the Madhya Pradesh government to provide Rs 210 billion in financial support over the next five years for power sector infrastructure development. The MoU was […]

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Sanctions/ Grants

Centre allocates funds for three rail projects in Jharkhand

March 7, 2025

The central government has allocated funds worth Rs 11.47 billion for three rail projects in Jharkhand. The first is the redevelopment of Ranchi railway station, which has been allocated Rs 4.44 billion. The second is […]

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Sanctions/ Grants

Ministry of Coal announces selected applicants under category-II of financial incentive scheme

March 7, 2025

The Ministry of Coal has announced the selected applicants under Category II of the financial incentive scheme with a financial outlay of Rs 85 billion. The scheme is open to both private companies and government […]

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Sanctions/ Grants

Central government approves Rs 163 billion NCMM

March 7, 2025

The central government has approved the National Critical Mineral Mission with an expenditure of Rs 163 billion to focus on mineral exploration, mining, beneficiation, processing and recovery from end-of-life products. PSUs and private companies are […]

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Sanctions/ Grants

Centre to allocate Rs 4.88 billion for power projects in Telangana

March 7, 2025

Reportedly, the central government has allocated an investment of Rs 4.88 billion under the Power System Development Fund for nine new schemes in Telangana to strengthen the state’s power grid and ensure reliable electricity supply. […]

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Sanctions/ Grants

Greater Chennai Corporation sanctions funds for development of stormwater drainage in uncovered areas

March 7, 2025

The Greater Chennai Corporation (GCC) has sanctioned funds worth Rs 2 billion for the development of stormwater drainage (SWD) in uncovered areas of Chennai, Tamil Nadu. The work is likely to commence in February 2025. […]

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Sanctions/ Grants

NHAI to invest over Rs 150 billion in Uttar Pradesh Highway Projects

March 7, 2025

The National Highways Authority of India (NHAI) plans to invest over Rs 150 billion in new highway projects across Uttar Pradesh to enhance cargo and passenger movement. Several districts, including Kanpur, Bareilly, Barabanki, Bahraich, Agra, […]

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Sanctions/ Grants

Centre allocates Rs 13.38 billion for Chennai-Bengaluru-Vellore Highway Project

February 3, 2025

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, […]

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Sanctions/ Grants

IREDA sanctions Rs 30 billion for Odisha’s renewable energy projects

December 30, 2024

The Indian Renewable Energy Development Agency (IREDA) has sanctioned renewable energy projects worth Rs 30 billion to support Odisha’s ambitious plan to achieve 10 GW renewable energy capacity by 2030. These projects span diverse areas, […]

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Sanctions/ Grants

Cabinet approves Rs 44.06 billion road construction works in border areas of Rajasthan and Punjab

October 7, 2024

The union cabinet has approved the construction of 2,280 km of roads in the border areas of Rajasthan and Punjab, with an investment of Rs 44.06 billion. This initiative focuses on enhancing infrastructure in border […]

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Sanctions/ Grants

Pune Ring Road Project sees major cost escalation to Rs 427.11 billion

October 7, 2024

The Maharashtra cabinet has approved a substantial cost escalation of Rs 203.75 billion for the Pune ring road project, raising the total project cost to Rs 427.11 billion. This increase comes three years after the […]

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Sanctions/ Grants

The Union Cabinet approves Rs 632.46 billion Chennai Metro Phase-II

October 7, 2024

The union cabinet has approved Rs 632.46 billion for the Chennai Metro Phase II project, which will span over 119 km. The project will encompass 128 stations, and the expected year of completion is 2027. […]

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Sanctions/ Grants

Centre allocates Rs 65.85 billion for development of seven national highway projects in Andhra Pradesh

September 23, 2024

The Central government has approved Rs 65.85 billion for the development of seven national highway projects spanning 384 km in Andhra Pradesh. These projects cover key routes, including Kodumuru-Pericherla, Sangameshwaram-Nallakaluva, Nandyal-Kurnool, Vempally-Chagalamarri, Gorantla-Hindupur, Muddanuru-B Kothapalli, […]

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Sanctions/ Grants

Uttar Pradesh government sanctions funds worth Rs 1.85 billion for Ganga water supply at Khosa

July 9, 2024

The Uttar Pradesh government has sanctioned funds worth Rs 1.85 million for the Ganga water supply at Khosa in Ghaziabad, Uttar Pradesh. The scope of work includes the supply of 50 million litres per day […]

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Sanctions/ Grants

MoR sanctions funds for the Harbour line till Borivalli under MUTP-Phase 3A

July 9, 2024

The Ministry of Railways (MoR) has sanctioned Rs 8.76 billion for the extension of the Harbour line till Borivalli under the Mumbai Urban Transport Project (MUTP) – Phase 3A. The project involves the expansion of […]

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Sanctions/ Grants

World Bank sanctions $1.5 billion to advance low carbon energy

July 8, 2024

The World Bank has sanctioned $1.5 billion in funding to support India’s initiatives in advancing low-carbon energy development. As part of the second programmatic development policy operation for low-carbon energy, this initiative seeks to promote […]

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Sanctions/ Grants

NHAI sanctions funds for implementation of Raniganj Four Lane Bypass Project

February 11, 2024

The National Highways Authority of India (NHAI) has sanctioned funds worth Rs 4,100 million for the implementation of the Raniganj Four Lane Bypass Project (Sahibganj Mor-Mangolpur Mor stretch) (NH-14, NH-19). The project involves the construction […]

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Sanctions/ Grants

Odisha government allocates funds for Trishulia -Bhubaneswar Airport Metro Rail Project

February 11, 2024

The Odisha government has allocated funds worth Rs 10 billion for the Trishulia-Bhubaneswar Airport Metro Rail Project under state budget 2024-25. The project involves the construction of a 26 km-long elevated metro rail corridor from […]

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Sanctions/ Grants

MoRTH sanctions funds implementation of Dive ghat-Hadapsar Road Project in Maharashtra

January 25, 2024

The Ministry of Road Transport and Highways (MoRTH) has sanctioned funds worth Rs 7,923.9 million for the implementation of the Dive Ghat-Hadapsar Four Laning Road Project (Mohol-Alandi stretch Package VI) (NH-965). The project involves the […]

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