Jorabat Shillong Expressway Limited, a joint venture (JV) between IL&FS Transportation Network Limited and Ramky Infrastructure, has refinanced senior and subordinated debt by issuing NCDs worth Rs 8.83 billion. The JV is undertaking the four-laning […]
The National Highways Authority of India (NHAI) plans to launch its first retail bond issue in February 2018. It aims to raise around Rs 50 billion by tapping the retirement savings of senior citizens. The […]
ReNew Power Ventures Private Limited has raised Rs 22.35 billion via non-convertible debentures (NCDs) for the repayment of its existing loans. The issuance has been undertaken in two parts – credit enhanced NCDs worth Rs […]
The Asian Infrastructure Investment Bank (AIIB) has approved a $335 million loan for the Bangalore Metro Rail Project, Reach 6 (R6), AIIB’s first metro project. The 100 per cent electric metro project is also AIIB’s […]
ADB has approved a loan worth Rs 22.26 billion for Phase III of the Karnataka State Highways Improvement Project. The loan will be used for the upgradation of 419 km of state highways from two […]
The Odisha government has signed a loan agreement worth Rs 4.4 billion with Germany’s KfW Development Bank to undertake various urban infrastructure projects in the state. The funds will be utilised for the execution of […]
The European Investment Bank (EIB) and private sector lender YES Bank have floated a $400 million (Rs 25.62 billion) co-financing programme for the construction of solar power plants and wind farms across India. YES Bank […]
The Asian Development Bank (ADB) has agreed to sanction Rs 33 billion for the Chennai-Kanyakumari Industrial Corridor Project. The project, which forms a part of the East-Coast Economic Corridor, involves strengthening 15 existing major road […]
The International Finance Corporation (IFC) will invest $440 million (Rs 28 billion) in the 750 MW Rewa ultra mega solar park in Madhya Pradesh. The investment will be provided in the form of debt to […]
The central government has allocated additional funds of Rs 299.4 million under the Atal Mission for Rejuvenation and Urban Transformation for the rejuvenation of the Cauvery river in Karnataka. Of the funds allocated, about Rs […]
The central government has approved Rs 18 billion for widening of the 56 km Talegaon-Chakan-Shikrapur-Navara-Chaufula Chowk road in Maharashtra. The detailed project report for the project had been prepared by the National Highways Authority of […]
The Uttar Pradesh government has sanctioned Rs 1.53 billion for the Purvanchal Expressway in its supplementary budget. The project involves the construction of an access-controlled greenfield expressway connecting Lucknow to Ballia, passing through Barabanki, Sultanpur, […]
“MIGA expects to invest around $2 billion in India in the coming years” Set up about 30 years ago, the primary objective of the Multilateral Investment Guarantee Agency (MIGA) is to promote foreign direct investment […]
The Telecom Regulatory Authority of India (TRAI) recently released its recommendations on net neutrality, bringing its long-drawn consultation on the subject to a close. The principle of non-discriminatory treatment of content is at the core […]
The Jawaharlal Nehru Port Trust (JNPT), the country’s major container port, is swiftly moving towards becoming one of the top 10 container ports in the world. JNPT, which handles 55 per cent of the total […]
The Indian construction equipment market was sized at about Rs 448 billion in 2016 in terms of revenue from equipment sales. The industry saw production and sales of about 59,582 units and 62,065 units, respectively, […]
The DMICDC Logistics Data Services (DLDS), a joint venture between the Government of India (represented by the National Industrial Corridor Development and Implementation Trust) and the NEC Corporation (a Japanese IT company), has announced the […]
India’s economic growth is positively correlated with the growth of its steel industry. Steel continues to have a strong hold over traditional sectors such as construction, housing, roads and railways. The steel sector accounts for […]
Indian cities finally made some headway in the introduction of electric buses in 2017. The government made some policy changes and a few cities launched pilot projects. However, when compared with the initiatives in China, […]
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