According to the Ministry of Communications and Information Technology, Bharat Sanchar Nigam Limited’s (BSNL) outstanding debt stood at Rs 76.66 billion as of January 2016, while that of Mahanagar Telephone Nigam Limited (MTNL) stood at […]
International ratings agency Fitch is expecting the non-performing assets ratio of banks to improve marginally to 10.9 per cent by the end of this fiscal year from 11.1 per cent in 2014-15. According to the […]
The Rajasthan government has signed a Program Implementing Entity Agreement with the World Bank for an International Bank for Reconstruction and Development credit of $250 million for the First Programmatic Electricity Distribution Reform Development Policy […]
Allcargo Logistics Limited is planning raise up to Rs 3 billion on a private placement basis. The company will seek shareholder approval to raise the amount by issuing secured redeemable NCDs. The resource raising committee […]
Adani Ports and Special Economic Zone Limited (APSEZL) has raised Rs 5 billion through the issue of debentures on a private placement basis. The company has raised Rs 5 billion through the allotment of 5,000 […]
The Jawaharlal Nehru Port Trust (JNPT) is planning to raise a dollar-denominated loan of Rs 26 billion from either DBS Bank Limited or the State Bank of India (SBI) for funding a road widening project […]
The European Investment Bank (EIB) will extend a loan of Euro 450 million ($512 million) to India to finance the construction of Lucknow’s first 23 km long metro rail line and purchase a fleet of […]
The Oil and Natural Gas Corporation (ONGC) will fully fund its $1.27 billion stake purchase in Rosneft’s Vankor field in Russia through overseas borrowing. The Russian government recently approved ONGC’s agreement to buy a 15 […]
L&T Infra Finance Company Limited plans to raise up to Rs 2 billion through the issuance of non-convertible bonds on a private placement basis. The company intends to issue secured, redeemable, non-convertible debentures (NCDs) with […]
The Ministry of Power has sought a $500 million loan from the Asian Infrastructure Investment Bank (AIIB) for the development of solar power projects in the country. The interest on the loan is likely to […]
Essar Power expects to repay its entire Rs 20 billion debt over the next two years. Some of the company’s power plants are now becoming operational on account of the availability of low-cost fuel and […]
The Japanese government has extended official development assistance (ODA) of over JPY 215 billion (about Rs 142 billion) for the implementation of infrastructure projects in India. The ODA has been committed to the Transmission System […]
The Railway Budget 2016-17 focused on process improvements and did not announce any new populist measures. […]
Sadbhav Infrastructure Project Limited’s (SIPL’s) subsidiary – Hyderabad Yadgiri Tollway Private Limited (HYTPL) – has completed refinancing of its existing rupee debt facilities with new debt taken from other lenders at revised terms and conditions. […]
The Maharashtra government has finalised a financial reconstruction plan for three power utilities — Maharashtra State Power Generation Company Limited, Maharashtra State Electricity Transmission Company Limited, and Maharashtra State Electricity Distribution Company Limited. Under this, […]
The Reserve Bank of India (RBI) decreased its repo interest rate by 25 basis points to 6.50 per cent, bringing it to a five-year low. The repo rate is the rate at which the central […]
The Jaipur Municipal Corporation (JMC) in Rajasthan and the Mysuru City Corporation (MCC) in Karnataka have signed tripartite agreements with various private companies for effective solid waste management in the respective cities. The agreements have […]
The Commissioner of Rail Safety has granted safety clearance to the East-West Corridor of the Bengaluru Metro Rail Project Phase I in Karnataka. The clearance has been granted subject to the fulfillment of certain conditions, […]
The Department of Economic Affairs, Ministry of Finance and German development bank KfW have signed a loan agreement worth Rs 37.5 billion (Euro 500 million) for the Nagpur Metro Rail Project in Maharashtra. The project […]
In the past few years, growing urbanisation in Tier I cities in India has encouraged greater uptake of public transportation projects such as bus rapid transit systems (BRTSs). Hubli-Dharwad is on its way to setting up an efficient BRTS within the next two years. […]
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