Mining is the backbone for multiple manufacturing sectors and it is also the source of various metals, limestone and coal and other minerals. India is fortunate in that it has an abundance of many key […]
March Issue 2018
Adani Transmission Limited (ATL) has achieved financial closure for the purchase of Reliance Infrastructure’s power generation and distribution business in Mumbai. Financial closure for the Rs 132.5 billion purchase was achieved through a consortium of […]
The mining sector forms the backbone of the country’s industrial, manufacturing and infrastructure sectors. India produces as many as 95 minerals, which comprise 4 fuel, 10 metallic, 23 non-metallic, 3 atomic and 55 minor minerals […]
The Indian city gas distribution (CGD) segment has seen a consistent growth in volumes over the past two years. CGD volumes increased from 17.4 million metric standard cubic metres per day (mmscmd) in the fourth […]
BSES Rajdhani Power Limited (BRPL) has received a $1 million grant from the US Trade and Development Agency to develop and deploy India’s first Behavioural Energy Efficiency programme in south and west Delhi. The programme […]
The Uttar Pradesh government has allocated Rs 113.43 billion for the construction of roads and Rs 18.17 billion for the construction of bridges under the State Budget 2018-19. Further, Rs 6.5 billion has been allocated […]
The Power Finance Corporation (PFC) has signed MoUs with Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited, Uttar Pradesh Power Transmission Corporation Limited and Uttar Pradesh Power Corporation Limited for providing financial assistance aggregating Rs 502 […]
The Asian Development Bank (ADB) has signed a loan agreement worth Rs 5,436.94 million ($84 million) with the central government for the Bihar Urban Development Investment Program (BUDIP) II. BUDIP II was approved by ADB […]
The Asian Infrastructure Investment Bank (AIIB) has approved $1.5 billion worth of loans to India for infrastructure-related projects in 2018. The funds will be used for investment in energy, road and urban development projects, and […]
The Japan International Cooperation Agency has committed an official development assistance loan of Rs 25.87 billion for the third phase of the Bengaluru Water Supply and Sewerage Project in Karnataka. The scope of the project […]
The New Development Bank (NDB) has signed a $100 million loan agreement with the Rajasthan government for financing the Rajasthan Water Sector Restructuring Project. This is the first tranche of funds being given by NDB […]
Bharti Airtel has decided to raise about Rs 30 billion through the issue of listed, unsecured, rated, redeemable, non-convertible debentures through private placement. According to the company, the funds will be utilised to finance the […]
The National Highways Authority of India (NHAI) is planning to issue taxable bonds to raise funds worth Rs 30 billion for financing road projects under the Bharatmala Pariyojana. The proposal for the same has been submitted […]
According to reports, Bharat Petro Resources Limited (BPRL) plans to raise about $200 million through a comfort letter from Standard Chartered Bank and DBS Bank to fund the acquisition of a 3 per cent share […]
Infrastructure developer HG Infra Engineering Limited’s initial public offering (IPO) was subscribed by almost five times on the final day, with support from institutions and retail investors and last-minute bids by wealthy investors. The IPO […]
Singapore’s infrastructure conglomerate Sembcorp Industries Limited will list its Indian energy unit, Sembcorp Energy India Limited, and look to mop up an additional S$500 million ($378 million) from the sale of certain assets as a […]
Reliance Power has sought the approval of its shareholders to raise up to Rs 20 billion by issuing securities or shares through qualified institutional placement. The funds raised will be utilised for reducing the debt […]
IDFC Alternatives’ first infrastructure fund has exited its investment in a unit of logistics company JM Baxi Group by selling its holding to promoters. IDFC Alternatives’ India Infrastructure Fund had invested about Rs 2.2 billion […]
The national oil companies (NOCs) of Oman, Kuwait and Abu Dhabi have shown interest in buying a stake of up to 24 per cent in Madhya Pradesh’s Bina refinery. The refinery has a capacity of […]
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