The New Development Bank (NDB) proposes to raise $300 million-$500 million through masala bonds and increase its exposure to infrastructure projects in India to $600 million-$700 million during 2017-18. The bank is planning the issue […]
The Inland Waterways Authority of India (IWAI) has raised funds amounting to Rs 3.4 billion through its maiden bond issue from the market. The fully serviced Government of India bonds were privately placed with banks […]
Madhya Pradesh, Tamil Nadu and Telangana plan to issue UDAY bonds to raise Rs 181.08 billion. The bonds will be issued by the states on a private placement basis. While Tamil Nadu will offer bonds […]
Bharti Airtel has received shareholder approval to raise up to Rs 100 billion in debt. The amount will be raised via the issue of unsecured/secured redeemable non-convertible debentures/bonds by way of private placement. The shareholders […]
The Kandla Port Trust (KPT) plans to raise Rs 10 billion through external commercial borrowings to fund its capacity augmentation projects. KPT has already appointed SBI Capital Markets as the consultant for the same. Reportedly, […]
Reliance Infrastructure Limited (RInfra) has reportedly received the National Highways Authority of India’s (NHAI) consent for its planned Rs 30 billion infrastructure investment fund (InvIT). The company plans to come out with the issue around […]
The Japan International Cooperation Agency has extended an official development assistance (ODA) loan worth Rs 110 billion for various infrastructure projects in the country. These include the Chennai Metro Rail Phase I Extension Project (ODA […]
The European Investment Bank has approved a Euro 200 million (Rs 14 billion) long-term loan for the State Bank of India (SBI) to finance solar projects across the country. The interest on the loan will […]
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 Government of India and ADB have signed a Rs 22.9 billion ($350 million) loan agreement for the Madhya Pradesh District Roads II Sector Project. In addition to this loan, an amount of Rs 9.81 […]
The Asian Development Bank (ADB) has approved a $175 million loan for Power Grid Corporation of India Limited. As part of the assistance, ADB will also provide a $50 million co-financing loan from the Clean […]
Commercial operations have commenced on Phase II of the Gurgaon Metro Rail Project. Works on the project were completed in December 2016 and it was recently granted safety clearance by the Commissioner of Rail Safety. […]
The New Delhi Municipal Corporation (NDMC) has inaugurated a waste-to-energy plant under the Narela Bawana municipal solid waste management project. The plant has the capacity to treat 2,000 tonnes of waste per day, using two […]
The Bangalore Water Supply and Sewerage Board (BWSSB) in Karnataka is planning to supply treated sewage to industries in the Kolar and Chikkaballapur districts. The civic agency will convey about 8,000 million cubic feet of […]
Rajasthan-based Jaipur Smart Mission Limited (JSML) has prepared a project plan for the provision of 24×7 water supply to the walled city area in Jaipur. The Rs 520 million project is being executed under the […]
The National Mission for Clean Ganga (NMCG) has approved 20 water supply and sewerage projects. These projects have been approved for implementation in the states of Uttarakhand, Uttar Pradesh, Bihar, Jharkhand and Delhi. A total […]
The Nigdi-Dapodi corridor (Corridor 1) of the Pimpri Chinchwad Bus Rapid Transit (BRT) project is likely to be commissioned by end-April 2017. The corridor was earlier expected to be operational by March 2017, but is […]
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