The central government has inaugurated the Agra Water Supply Project (Gangajal Project) in Uttar Pradesh. The project aims to supply 140 cusecs of water per day to Agra from the Palra headworks in Bulandshahr’s Upper […]
The Securities and Exchange Board of India (SEBI) has come out with new norms that entail filing of fresh offer documents in those cases where there has been a change in the issue size by […]
The Ministry of Road Transport and Highways (MoRTH) has released Rs 1.93 billion for two sections of the India-Myanmar-Thailand trilateral highway. For the 120.74 km Kalewa-Yagyi road section, it has released Rs 1.88 billion of […]
The central government has sanctioned Rs 68.04 billion for road and bridge projects in Bihar. These include the four-lane bridge parallel to the Vikramshila Setu connecting Naugachia with Bhagalpur, and upgradation of seven roads spanning […]
The Jammu & Kashmir government has allocated funds worth Rs 20 billion for water supply and sewage treatment infrastructure in the state budget 2019-20. Of the total funds, an allocation of Rs 5 billion has […]
The Uttar Pradesh government has sanctioned funds worth Rs 3.53 billion for the Agra sewerage project. The bidding process for the project is expected to commence soon. The project involves laying of a 251 km […]
The Haryana government has approved funds worth Rs 900 million for Phase II of the Ambala Sewage Project. The project involves laying 131 km of sewage pipelines in Ambala Sadar zone, including colonies in Babiyal, […]
Energy Efficiency Services Limited (EESL) has raised its first long-term rupee loan for Rs 5 billion. The loan, issued by Punjab National Bank (PNB), will be utilised for funding capital expenditure of EESL’s flagship programmes […]
The Uttarakhand government has signed a loan agreement worth Rs 12 billion (Euro 150 million) with German development bank KfW for developing a sewer line network in the twin cities of Haridwar and Rishikesh. The […]
The board of directors of the Asian Infrastructure Investment Bank has approved a loan worth Rs 28.52 billion ($400 million) for the Andhra Pradesh Urban Water Supply and Septage Management Improvement Project. The Andhra Pradesh […]
The National Bank for Agriculture and Rural Development has signed an agreement worth Rs 7,130 million with the Green Climate Fund to support private sector initiatives for the creation of rooftop solar power projects across […]
According to reports, the GVK Group is in talks with JM Financial Limited to refinance up to Rs 14 billion debt of GVK Airport Holdings Private Limited through a structured credit transaction. The debt was […]
Tata Cleantech Capital Limited, a part of the Tata Group, has raised Rs 1,800 million through the issue of green bonds from the Netherlands development finance company FMO. The funds will be utilised to grow […]
The India Grid Trust (IndiGrid) will launch its Rs 30 billion qualified institutional placement (QIP) soon. The fundraising will help the infrastructure investment trust acquire new assets in the power transmission space. The process is […]
The Cabinet Committee on Economic Affairs (CCEA) has accorded in-principle approval for the sale of the central government’s 52.63 per cent stake in the Rural Electrification Corporation (REC) to the Power Finance Corporation (PFC) along […]
Shell Gas, a subsidiary of Royal Dutch Shell plc, has completed the acquisition of a 26 per cent equity stake of Total Gaz Electricite Holdings France (Total) in the Hazira Port LNG Terminal Expansion Project. […]
The share purchase agreement (SPA) signed by Malaysia Airport Holdings Berhad (MAHB) to sell its entire 11 per cent equity stake in GMR Hyderabad International Airport Limited (GHIAL) to GMR Airport Holding Limited has been […]
The Competition Commission of India (CCI) has approved Renascent Power Ventures’ acquisition of a 75 per cent stake in Prayagraj Power Generation Company Limited (PPGCL). It has approved the acquisition of certain equity shares and […]
The board of Infrastructure Leasing and Financial Services Limited (IL&FS) has initiated the process of exploring the divestment of the IL&FS Group’s equity stake in road assets/businesses. These include seven operating annuity-based road projects aggregating […]
Bharti Airtel’s board has decided to sell 32 per cent of its stake in Bharti Infratel (subject to shareholder approval) to Nettle Infrastructure Investments Limited. After the completion of this transfer, the shareholding structure of […]
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