Loans

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 […]

The Government of India has signed a loan agreement with the Japan International Cooperation Agency for procuring Rs 16.4 billion (JPY 25.48 billion) for the North-East Road Network Connectivity Improvement Project (Phase III). The tender […]

The Asian Development Bank (ADB) is planning to scale up a satellite-based smart meters project being implemented in Uttar Pradesh by Energy Efficiency Services Limited (EESL). As part of ADB’s $200 million loan to EESL […]

The government has prepared a new revival plan for Air India which involves transferring the airline’s working capital debt of about Rs 290 billion to a special purpose vehicle, Air India Assets Holding Limited. At […]

Air India has raised Rs 10 billion from the National Small Savings Fund and is also expected to receive Rs 5 billion through short-term borrowings soon. Though the loan has been availed at a lower […]

The Airports Authority of India (AAI) has received approval from the government, after a delay of almost six months, to borrow Rs 94.3 billion over a period of four years from 2018-19 to 2021-22. AAI […]

Two wholly owned subsidiaries of Dilip Buildcon Limited – DBL Rewa Sidhi Highways Private Limited and DBL Chandikhole Highways Private Limited – have received sanction letters from banks for financing their road projects in Madhya […]

The National Highways Authority of India (NHAI) has achieved financial closure for the first bundle of toll, operate and transfer (TOT) projects. An upfront payment of Rs 96.81 billion was made by the Macquarie Group […]

NHAI is expected to borrow at least Rs 250 billion as a loan from public sector banks including the State Bank of India (SBI). The authority recently received a loan of Rs 250 billion from […]

Five state agencies will provide a cumulative loan of Rs 50 billion to the Maharashtra State Road Development Corporation (MSRDC) for the construction of the Mumbai-Nagpur Expressway. These are the Maharashtra Industrial Development Corporation, the […]

The Asian Development Bank (ADB) has approved a loan worth Rs 17.35 billion ($245 million) for the West Bengal Drinking Water Sector Improvement Project. The project aims to provide safe, sustainable and inclusive drinking water […]

The World Bank has granted in-principle approval for a financial assistance package of Rs 9.29 billion for a water supply and sewage project in Shimla. The assistance will be provided as a development policy loan. […]

The central government, the World Bank and Energy Efficiency Services Limited (EESL) have signed a $220 million loan agreement and a $80 million guarantee pact to push the country’s energy efficiency programme. The programme, which […]

Jet Airways has received liquidity support of $300 million in the form of advance lease incentives and borrowings from domestic banks to overcome a financial crisis. The airline had reported a second consecutive quarterly loss […]

ADB has given in-principle approval for a Rs 55.98 billion loan at a nominal interest rate to Punjab for various urban development projects such as the revival of sewage treatment plants under the Smart Cities […]

The World Bank has approved a $250 million development policy loan for the improvement of the electricity distribution sector under the Power for All scheme in Rajasthan. The state government will receive the loan under […]

Sadbhav Jodhpur Ring Road Private Limited, a wholly owned subsidiary of Sadbhav Infrastructure Project Limited, has achieved financial closure for four laning of the 74.62 km Dangiywas-Jajiwal section from km 96.59 of NH-112 to km […]

GVK Power and Infrastructure Limited has achieved financial closure for Phase I of the Navi Mumbai International Airport project. A loan amounting to Rs 103 billion has been secured by GVK from a consortium of […]

The Uttar Pradesh government has approved the proposal to secure a Rs 120 billion loan from Punjab National Bank (PNB) for the construction of the Purvanchal Expressway. In the first phase, a loan of Rs […]

Reliance Jio Infocomm Limited (RJIL) has signed a $1 billion long-term loan facility with the Korea Trade Insurance Corporation, K-SURE. The facility will be used to finance goods and services procured mainly from Samsung Electronics […]