Loans

Air India has sought Rs 33 billion under the turnaround plan and also asked to receive the backlog of Rs 9.77 billion which had already been sanctioned but not disbursed as budgetary support for 2016-17. […]

The Japan International Cooperation Agency (JICA) has agreed to extend loans worth Rs 4 billion for implementation of the Shiradi Aizawl-Tuipang two-laning road project (National Highway [NH]-54) and Tura-Dalu two-laning road project (NH-62) in Mizoram […]

The National Capital Region Planning Board (NCRPB) has approved loan assistance of about Rs 30 billion to support nine transport infrastructure projects in Noida, Ghaziabad and the state of Haryana. While two projects in Uttar […]

The Piramal Group is set to launch a fund to invest in distressed assets. The fund is expected to have a corpus of Rs 60 billion. Piramal India Resurgent Funds will be the first domestic […]

SE Forge Limited (SEFL), a subsidiary of the Suzlon Group, has exited a corporate debt restructuring plan. This follows an improved performance in terms of revenues in the first nine months of 2015-16. SEFL, which […]

Hero Future Energies has through the issue of climate bonds. The proceeds from the bonds would be utilised for setting up 2.5 GW of wind energy capacity in coming years. The bonds were validated by […]

Canada-based pension fund Caisse de depot et placement du Quebec, and sovereign wealth funds such as the State General Reserve Fund of Oman and Kuwait Investment Authority are in advanced stages of negotiation to form […]

Sterlite Power Grid Ventures Limited has issued non-convertible debentures aggregating Rs 9.25 billion for its subsidiary, East North Interconnection Company Limited (ENICL). ENICL is developing a 450 km transmission network to connect the eastern and […]

Essel Infraprojects Limited has raised Rs 6 billion through non-convertible debentures (NCDs) at a semi-annual coupon rate of 9.05 per cent per annum for a project entailing four-laning of the Lucknow-Rae Bareli section. The project […]

Nagpur Seoni Expressway Limited (NSEL), a wholly owned subsidiary of Sadbhav Infrastructure Project Limited, has refinanced its existing external commercial borrowing debt facilities by the issuance of AAA (SO) NCDs to investors with revised terms […]

The Indian Renewable Energy Development Agency (IREDA) started selling up to Rs 17.16 billion worth of tax-free bonds from January 8, 2016. These bonds offer a generous yield at the highest interest rate seen so […]

Torrent Power Limited has received shareholders’ approval to raise debt with an option for lenders to convert it into equity upon certain conditions. As per the resolution passed by the shareholders, this would apply to […]

Tata Power Company Limited has refinanced outstanding rupee loans to the tune of Rs 38.64 billion for its 4,000 MW Mundra ultra mega power project (UMPP) in Gujarat. This is likely to yield savings of […]