Loans

The Andhra Pradesh cabinet has approved a proposal for raising a loan of Rs 13.85 billion by the Machilipatnam Urban Development Authority for the development of Machilipatnam port. Besides port development, The loan will be […]

The National Bank for Agriculture and Rural Development (NABARD) has sanctioned a Rural Infrastructure Development Fund (RIDF) loan assistance of Rs 2.66 billion for the upgradation of rural roads and bridges in Punjab. These funds […]

Azure Power Global Limited has received debt funding of $135 million (Rs 9 billion) from the International Finance Corporation (IFC) and three European lenders, for the expansion of its solar rooftop unit. IFC will provide […]

The World Bank has approved a Rs 60 billion central scheme, Atal Bhujal Yojana (ABHY), in a bid to improve groundwater management in priority areas across the country. It aims to achieve the same through […]

The central government has signed a $500 million loan agreement with the World Bank to provide additional financing for the Pradhan Mantri Gram Sadak Yojana (PMGSY) rural roads project. The loan has a three-year grace […]

The World Bank has withdrawn funding for the Rs 3.18 billion Kakinada-Rajamahendravaram road project in Andhra Pradesh on account of non-execution of work in the past five years. A four-lane, 16 km road had been […]

The central government, the Madhya Pradesh government and the World Bank have signed a loan agreement worth $210 million for the Madhya Pradesh Rural Connectivity Project. The project involves the improvement of access to rural […]

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 Asian Development Bank (ADB) has agreed in principle to provide financial assistance for the creation of sewage treatment facilities in Uttarakhand. ADB is expected to sanction Rs 17 billion for building infrastructure, sewage plants, […]

ADB plans to provide a combined assistance of Rs 5.3 billion for three water projects in Tiruppur, Tamil Nadu. Two projects – the Tiruppur Fourth Water Supply Scheme Project and the Water Supply Distribution Improvement […]

The Mumbai Railway Vikas Corporation (MRVC) is considering seeking a loan of Rs 200 billion to fund major suburban railway projects. The projects form a part of the Mumbai Urban Transport Project (MUTP)-III A, 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 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 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 […]

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 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 […]