Loans

KfW, the German development bank, will provide a Rs 11.5 billion loan to the Uttarakhand government to implement projects under the Namami Gange programme. The loan will be utilised to set up a network of […]

The Power Finance Corporation (PFC) has extended loans totalling Rs 13.29 billion to Uttaranchal Jal Vidyut Nigam Limited (UJVNL) and Power Transmission Corporation of Uttarakhand Limited (PTCUL). Of the total amount, Rs 3.09 billion has […]

The Japan International Cooperation Agency (JICA) has signed an official development assistance loan agreement worth $76 million (Rs 4.94 billion) with the Indian government for the upgradation of the environment management plan at the Alang-Sosiya […]

Air India has tied up with public sector lender Punjab National Bank and private lender IndusInd to secure loans to the tune of Rs 32.5 billion for meeting working capital requirements. The airline expects the […]

PFC has sanctioned a loan of Rs 40.09 billion to Telangana State Power Generation Corporation Limited for setting up the 4,000 MW (5×800 MW) coal-based Yadadri thermal power plant in Nalgonda district of the state. […]

Indian Renewable Energy Development Agency Limited has signed an agreement with Reliance Commercial Finance Limited (RCFL) to extend a Rs 3 billion loan to the latter. The loan will be used to lend to renewable […]

South Korea has extended a loan of Rs 350 billion to the Maharashtra government for the implementation of the Rs 460 billion Nagpur-Mumbai Super Communication Expressway project. Meanwhile, several South Korean companies have shown interest […]

The Asian Infrastructure Investment Bank (AIIB) is planning to pump in $1.5 billion (Rs 95.99 billion) in six new projects in India. The $1.5 billion proposed investment by AIIB, is for the Mumbai Metro Line […]

TheInternational Finance Corporation (IFC) is likely to provide debt financing worth $150 million to ACME Jaipur Solar Power Private Limited, for the construction of a 250 MW solar plant in Madhya Pradesh. Around $50 million […]

The centre has signed a loan agreement worth $275 million with ADB for the Madhya Pradesh Urban Services Improvement Project. The project aims at providing sustainable water supply to 64 towns, and creating integrated stormwater […]

The World Bank and the Asian Infrastructure Investment Bank (AIIB) have together agreed to extend a $380 million loan to Andhra Pradesh towards helping the southern state supply reliable, quality and affordable power to its […]

The central government has signed a credit facility agreement with France’s development financial institution Agence Française de Développement for financing a water supply project in Puducherry. The Rs 4.8 billion (Euro 65 million) agreement, focuses […]

The Asian Development Bank (ADB) has signed a loan agreement worth Rs 14.24 billion ($220 million) with the central government for the Rajasthan State Highway Investment Programme (RSHIP). The loan amount is the first tranche […]

The central government has signed a credit facility agreement with France’s development financial institution Agence Française de Développement for financing a water supply project in Puducherry. The Rs 4.8 billion (Euro 65 million) agreement, focuses […]

GMR Goa International Airport Limited, a subsidiary of GMR Airports, has signed the common loan agreement/debt facility agreement with Axis Bank Limited to fund the development of the Mopa International Airport project. The bank will […]

Piramal Finance Limited (PFL), a subsidiary of Piramal Enterprises Limited, has extended Rs 7 billon to ACME Solar Holdings Limited. The deal was made through PFL’s Corporate Finance Group under a flexi line of credit […]

The Department of Investment and Public Asset Management is expected to seek cabinet approval soon for the Oil and Natural Gas Corporation (ONGC) to buy the central government’s entire stake (51.11 per cent) in Hindustan […]

GVK Power and Infrastructure Limited has sold its remaining 10 per cent stake in Bengaluru airport to Fairfax India Holdings for a consideration of Rs 12.9 billion. The move is in line with GVK’s strategy […]

The Rural Electrification Corporation (REC) will provide financial assistance of Rs 600.63 billion and Rs 256.6 billion to Tamil Nadu Generation and Distribution Corporation Limited and Tamil Nadu Transmission Corporation Limited respectively. The financial assistance […]

Idea Cellular has secured a loan worth $215 million from Export Development Canada (EDC). The loan is under a pre-existing $500 million uncommitted financing arrangement for Idea’s parent company, the Aditya Birla Group (ABG). Under […]