Sanctions/ Grants

Funds of over Rs 2 billion have been allocated for Jammu under the Atal Mission for Rejuvenation and Urban Transformation (AMRUT). Several other major towns of the state will also be covered under AMRUT so […]

The Kerala Infrastructure Investment Fund Board has sanctioned Rs 1.09 billion for the Anayadi-Koodalroad project. The scope of the project involves the construction of a 35.1 km road between Anayadi and Koodal in Kerala.

The Ministry of Road Transport and Highways has sanctioned Rs 7 billion to the Gujarat government for the development of a 44 km stretch of the Sarkhej-Gandhinagar highway along with the six-laning of a 19 […]

The Uttar Pradesh government has allocated a total of Rs 45 billion for the implementation of three central missions in the state. Of this, Rs 15 billion has been allocated towards the implementation of the […]

The Union cabinet has approved the release of the centre’s equity of Rs 10 billion for the 29.7 km Aqua line connecting Noida and Greater Noida, which has been targeted for completion by the end […]

The Maharashtra State Road Development Corporation (MSRDC) plans to raise subordinate debt for the Mumbai-Nagpur Communication Expressway Project. It plans to raise Rs 10 billion each from the Maharashtra Industrial Development Corporation, the Maharashtra Housing […]

The central government has sanctioned Rs 17.93 billion for the construction of eight national highways, spanning 1,249 km, across the Anantapur, Guntur, West Godavari, East Godavari, Visakhapatnam and Vizianagaram districts of Andhra Pradesh. These are […]

In order to boost connectivity in the Kumaon region, the central government has sanctioned Rs 15.57 billion for the Tanakpur-Pithoragarh national highway. The project involves the construction of a 148 km road stretch on National […]

The central government has sanctioned a sum of Rs 43 billion for the construction of ring roads in Jammu & Kashmir. The project is likely to begin in three months. Meanwhile, the expenditure on the […]

The Maharashtra government has sanctioned a Rs 16.22 billion plan for developing infrastructure in 28 Tier II cities. Under the Atal Mission for Rejuvenation and Urban Transformation and Nagar Utthan schemes, projects for water supply, […]

The Ministry of Road Transport and Highways (MoRTH) has approved Rs 36.15 billion for the development of 14 roads (with a total length of 570 km) in Telangana. The state government has also sanctioned Rs […]

The Greater Visakhapatnam Municipal Corporation (GVMC) in Andhra Pradesh has sanctioned Rs 250 million for water supply works under its summer action plan. The civic agency will undertake works to ensure that all borewells and […]

The Power Finance Corporation (PFC) has sanctioned a loan of Rs 91.28 billion to provide financial assistance to power utilities in Tamil Nadu. The company has approved a term loan of Rs 54.74 billion for […]

The Indian Renewable Energy Development Agency plans to sanction credit worth Rs 130 billion during fiscal year 2017-18 for clean energy project developers in the country. The move is in line with the ambitious government […]

The central government has sanctioned Rs 43 billion for two ring road projects in Jammu & Kashmir. While an amount of Rs 21 billion has been sanctioned for the Srinagar Two-/Four-Lane Semi-Ring Road Project, Rs […]

The Power Finance Corporation has sanctioned a loan of Rs 27.03 billion for developing the first-ever supercritical power project in the state of West Bengal. The 660 MW Sagardighi Unit 5 is the first supercritical […]

The Hyderabad Metropolitan Water Supply and Sewerage Board (HMWSSB) in Telangana has sanctioned Rs 58.1 million for 439 water supply project works. The funds have been sanctioned under the civic agency’s action plan to mitigate […]

The Ministry of Urban Development (MoUD) has approved Rs 42.12 billion for projects being implemented in seven states under the Atal Mission for Rejuvenation and Urban Transformation. The funds have been approved for the next […]

The European Investment Bank and the Asian Infrastructure Investment Bank have sanctioned Rs 36 billion for Phase II of the Bengaluru metro project. The estimated total cost of the 72.1 km project is Rs 264.05 […]

The World Bank has sanctioned funds to the tune of Rs 13.76 billion for a transmission project in Tripura. The project will be implemented in five phases and involves increasing voltage levels of existing substations […]