Government owned and operated railway infrastructure engineering and construction company Ircon International Limited has filed its draft prospectus with SEBI to float an IPO. The government, which is acting as the promoter through the Ministry […]
Rail Vikas Nigam Limited has filed a draft proposal with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO). The government has proposed the sale of a little over 208.52 […]
Jindal Steel and Power Limited (JSPL) successfully closed its Rs 12 billion qualified institutional placement (QIP) recently. The company had proposed the allotment of up to 51,502,145 equity shares at an issue price of Rs […]
Bharti Airtel has received approval from its board to raise up to Rs 165 billion for refinancing debt and paying for spectrum liabilities. The company’s board approved the issuance of non-convertible debentures (NCDs) of up […]
The Ministry of Road Transport and Highways (MoRTH) plans to raise Rs 1 trillion through off-budgetary sources in 2018-19 to fund Bharatmala. The amount will be raised through NHAI bonds, institutional financing from LIC, the […]
Reliance Jio Infocomm Limited (RJIL) has raised $500 million through a syndicated Samurai loan from three Japanese banks – the Bank of Tokyo Mitsubishi UFJ, Sumitomo Mitsui Banking Corporation and Mizuho Bank. The floating rate […]
The Asian Infrastructure Investment Bank (AIIB) has approved a $140 million loan for improving rural connectivity in Madhya Pradesh. The project, which is being co-financed by the World Bank, aims to improve durability and accessibility […]
The Jammu & Kashmir government has sanctioned Rs 426.11 billion for three road projects in the state. These projects are the Zojila Pass tunnel project, the Srinagar ring road/bypass project and the Jammu stand-alone ring […]
The central government has signed an ODA loan agreement worth approximately Rs 25 billion (JPY 38.67 billion) with JICA for Phase II of the North-East Road Connectivity Project. The loan is being provided at concessional […]
The Japan International Cooperation Agency (JICA) has signed a loan agreement worth Rs 18.13 billion with the Indian government for the Perur water desalination plant project. The official development assistance (ODA) is being provided at […]
The Odisha government has sanctioned Rs 42.65 billion for road projects in the state. The scope of work involves the improvement of 1,175 km of roads, 40 bridges and five rail overbridges. The sanctioned amount […]
The trial run of the 77 mld Jadcherla water treatment plant (WTP) under the Mission Bhagiratha Water Grid Project (Telangana Drinking Water Grid Project) has been launched in Telangana. So far, about 95 per cent […]
The National Highways Authority of India (NHAI) plans to raise Rs 85 billion from the Life Insurance Corporation [LIC] of India and Rs 100 billion from the National Small Savings Fund (NSSF) to finance the […]
Atria Power Corporation Limited, a Bengaluru-based renewable power producer, is planning to sell dollar bonds worth $500 million. The company has hired investment banks, including Barclays Plc, JPMorgan Chase and Company, and Swiss investment bank […]
The European Investment Bank (EIB) has signed a long-term agreement for Euro 150 million with the Indian Renewable Energy Development Agency (IREDA) to finance clean energy projects in the country. This is the second line […]
Trafigura and BP will lend $1 billion to Essar Oil as the latter seeks to diversify its financing base. The loan will be repaid with cargoes of refined products. Essar has been in talks with […]
The Overseas Private Investment Corporation has committed a loan of $12.5 million for a project to deliver affordable clean drinking water to low- and middle-income groups in India. The loan will be made available to […]
Rajasthan’s Public Health Engineering Department (PHED) has withdrawn its decision to hike water tariffs by 10 per cent. No rise was proposed for consumers using water supplied from PHED sources up to 8,000 litres per […]
The government has inaugurated five water projects under the Atal Mission for Rejuvenation and Urban Transformation (AMRUT) in Bihar. These are the laying of 172.5 km of sewerage network in Saidpur zone in Patna (Rs […]
The Hyderabad Metropolitan Water Supply and Sewerage Board (HMWSSB) has introduced the Waterconnect app to facilitate online applications for new water connections and bill payments. Besides, the duration for issuance of a new connection has […]
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