Loans

The Asian Development Bank (ADB) has approved a multi-tranche financing facility of Rs 32.42 billion for Tranches 1 and 2 under the Rajasthan State Highway Investment Program (RSHIP). The RSHIP will upgrade about 2,000 km […]

The central government, the World Bank and the Bihar government have signed a loan agreement worth Rs 15.19 billion ($235 million) for the Bihar Rural Roads Projects. The project will support the construction of around […]

The World Bank has approved a loan of $240 million for the implementation of the Power for All scheme in Andhra Pradesh. The loan from the International Bank for Reconstruction and Development has a maturity […]

The Power Finance Corporation has provided a three-year loan of Rs 36 billion to the four state distribution companies of Uttar Pradesh for laying infrastructure for new connections. This loan amount is the largest ever […]

The Government of India and the Japan International Cooperation Agency have signed an ODA loan agreement worth Rs 40 billion for Phase I of the North-East Road Network Connectivity Improvement Project. Phase I of the […]

The Housing and Urban Development Corporation, under the Ministry of Housing and Urban Poverty Alleviation, has approved a loan worth Rs 8 billion for the Mumbai-Nagpur Communication Expressway Project. The loan has been approved for […]

The World Bank’s board approved a loan of Rs 24.23 billion ($375 million) for capacity augmentation of National Waterway-1 on April 12, 2017. The loan will be provided by the International Bank for Reconstruction and […]

China-sponsored Asian Infrastructure Investment Bank (AIIB) has approved a $160 million loan for a power project in Andhra Pradesh, the first credit from the bank for an Indian project. The AIIB, in which India is […]

PFC has signed a loan agreement with Maharashtra State Electricity Distribution Company Limited (MSEDCL). The loan will provide financial assistance of Rs 30 billion to the distribution company. It will help MSEDCL clear its outstanding […]

The Japan International Cooperation Agency has extended an official development assistance (ODA) loan worth Rs 110 billion for various infrastructure projects in the country. These include the Chennai Metro Rail Phase I Extension Project (ODA […]

The European Investment Bank has approved a Euro 200 million (Rs 14 billion) long-term loan for the State Bank of India (SBI) to finance solar projects across the country. The interest on the loan will […]

The Government of India and ADB have signed a Rs 22.9 billion ($350 million) loan agreement for the Madhya Pradesh District Roads II Sector Project. In addition to this loan, an amount of Rs 9.81 […]

The Asian Development Bank (ADB) has approved a $175 million loan for Power Grid Corporation of India Limited. As part of the assistance, ADB will also provide a $50 million co-financing loan from the Clean […]

The central government has signed a $500 million loan agreement with ADB to improve large-scale power transmission in the country. The loan will facilitate the financing of 800 kV high voltage direct current converter stations […]

ADB has signed a $375 million pact with India for loans and grants to develop the 800 km Visakhapatnam-Chennai Industrial Corridor, which is the first phase of the 2,500 km East Coast Economic Corridor. The […]

The National Industrial Corridor Development and Implementation Trust has approved the inclusion of the Gurgaon-Manesar-Bawal metro rail in the Delhi Mumbai Industrial Corridor (DMIC) project. The metro project involves the development of a 108 km […]

REC has signed two agreements with power utilities in Karnataka for extending financial assistance of Rs 390 billion till March 2022. As per the agreement, Bangalore Electricity Supply Company Limited can avail of Rs 120 […]

The National Highways Authority of India (NHAI) has raised Rs 85 billion from the Life Insurance Corporation of India (LIC) for 30 years at an interest rate of 7.22 per cent per annum. The funds […]

The Rural Electrification Corporation (REC) has signed a loan agreement with Tamil Nadu’s power generation and transmission utilities for financial assistance worth Rs 68.9 billion. The agreements were signed with Tangenco and Tantransco for the […]

Reliance Industries Limited (RIL) is planning to raise $2.25 billion in a bid to replace its existing high-cost borrowings and to expand the services of its telecom unit, Reliance Jio Infocomm Limited (RJIL). RIL is […]