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 […]
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 […]
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 […]
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 […]
The central government has allocated funds worth Rs 700 million to the Kanpur Development Authority for a sewerage project in Kanpur, Uttar Pradesh. The scope of work includes the construction of a 20 million litres […]
Air India has borrowed $120 million from Japanese lender SMBC for the purchase of a wide-body aircraft from Airbus. Reportedly, the airline’s purchase of an A350-900 aircraft delivered in October 2023 has been partly financed […]
Wholly owned subsidiaries of PNC Infratech Limited – Varanasi Kolkata Highway Package 2 Private Limited, Varanasi Kolkata Highway Package 3 Private Limited and Varanasi Kolkata Highway Package 6 Private Limited – have achieved financial closure […]
State Bank of India (SBI) will sign a $165 million line of credit (LoC) with the World Bank. This funding aims to support grid-connected rooftop solar photovoltaic projects in the residential and institutional sectors. In […]
GMR Airports has raised a debt facility worth Rs 8 billion from Standard Chartered Bank, Varde Partners and the Aditya Birla Special Situation Fund for two years and eleven months. With this fundraise, GMR Airports, […]
BluPine Energy has achieved financial closure for its 120 MW solar project. Located in Gujarat, the project was secured through the Gujarat Urja Vikas Nigam Limited 16 tender. The project has received a total investment […]
Grant-in-aid worth Rs 4.4 billion and a loan worth Rs 7.26 billion have been allocated to the Delhi Jal Board under the revised budget estimate for 2023-24. The funds allocated as grants include Rs 0.65 […]
The Delhi government has released funds worth Rs 1 billion for the Delhi-Shahjahanpur-Neemrana-Behror (SNB) regional rapid transit system (RRTS) corridor and Rs 0.5 billion for the Delhi-Panipat RRTS corridor. Besides, it is likely to provide […]
The Kerala government has sanctioned funds worth Rs 3,785.7 million for the development of the Kochi Metro Rail Project Phase II. The project involves the development of an 11.17 km long metro rail network from […]
The Government of Tamil Nadu has sanctioned funds worth Rs 820 million for the development of an underground drainage (UGD) pipeline in the Othakadai area of Tamil Nadu. The scope of work includes a survey […]
The centre has approved a budget of Rs 6.25 billion for the construction of the Tato-Monigong road in Shi-Yomi district, Arunachal Pradesh. The 53.04 km road aims to establish all-weather connectivity to the India-China border, […]
The Government of Tamil Nadu has sought funds from the Union Government for implementation of the Chennai Metro Rail Project Phase-II. As per the request, the state and the Centre are likely to fund in […]
The Centre has approved a budget of Rs 6.25 billion for the construction of the Tato-Monigong Road in the Shi-Yomi district of Arunachal Pradesh. Stretching over 53.04 km, this strategically vital road aims to establish […]
The Centre has sanctioned funds worth Rs 1 billion for development of the Tura Bulk Water Supply Scheme (WSS) in Meghalaya. The project has been approved under the North East Special Infrastructure Development Scheme. Tenders […]
The government of Assam has sanctioned funds worth Rs 55 billion for the Kaziranga National Park Four Lane Elevated Road tunnel project (NH-715). The detailed project report for the project has been submitted by PWD, […]
The centre has sanctioned funds worth Rs 1 billion for the development of the Tura Bulk Water Supply Scheme in Meghalaya. The project has been approved under the North East Special Infrastructure Development Scheme. Tenders […]
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