Loans

Tikona Digital has received funding of $171 million from the Overseas Private Investment Corporation (OPIC), a US-based government development finance agency. The funding, which is a commercial loan, has reportedly put to rest talks regarding […]

ReNew Power Ventures Private Limited has secured a long-term loan of $390 million from the Asian Development Bank (ADB). The funding will be undertaken by ADB and the Leading Asia’s Private Sector Infrastructure Fund, administered […]

The Maharashtra State Road Development Corporation (MSRDC) has unveiled plans to raise funds worth Rs 267 billion for the Mumbai-Nagpur Communication Expressway project. While the Asian Development Bank (ADB) is expected to provide Rs 137.5 […]

GMR Infrastructure Limited has sought debt restructuring for its 1,370 MW thermal power plant (TPP) at Raikheda in Chhattisgarh from a consortium of 17 lenders. These include Axis Bank, the Power Finance Corporation, Bank of […]

Jet Airways is planning to raise $100 million (approximately Rs 6.8 billion) in dollar-denominated debt by March 2017 to refinance its rupee-based loans. With this move, the airline aims to halve its borrowing rate to […]

The Mumbai Metropolitan Region Development Authority (MMRDA) has proposed splitting the loan for the Mumbai Trans Harbour Link (MTHL) project into two parts. The Japan International Cooperation Agency (JICA)has given in-principle approval for funding Rs […]

The Ministry of Urban Development has released an additional Rs 2.5 billion for the Lucknow metro project. Earlier in 2016, the ministry had released Rs 3 billion towards the project, taking the total assistance so […]

ADB has approved a $631 million loan for the construction of an industrial corridor between Visakhapatnam and Chennai, part of India’s first coastal industrial corridor running from Kolkata in West Bengal to Tuticorin in Tamil […]

The Greater Visakhapatnam Municipal Corporation (GVMC) in Andhra Pradesh has availed of a $245 million loan from the Asian Development Bank (ADB) under the Visakhapatnam-Chennai Industrial Corridor Development Programme. The sanctioned amount will be utilised […]

The Jawaharlal Nehru Port Trust (JNPT) has signed an agreement with the State Bank of India (SBI) and the Development Bank of Singapore (DBS) for raising external commercial borrowing (ECB) worth $400 million. Of the […]

The Telangana Drinking Water Supply Project (Mission Bhagiratha) has received approval for raising a loan worth Rs 67.5 billion from a consortium of eight Indian banks. Led by Andhra Bank,  the consortium comprises Dena Bank, […]

The Ghaziabad Development Authority (GDA) has received an installment of Rs 2.1 billion from the National Capital Region Planning Board (NCRPB) for its Hindon elevated road project. In January 2016, the NCRPB had announced that […]

ICICI Bank has sold outstanding Essar Steel loans worth around Rs 16 billion to Edelweiss ARC. ICICI Bank’s total exposure in Essar Steel was over Rs 30 billion. The bank is now left with working […]

The Asian Development Bank (ADB) has approved a $500 million loan to construct a bridge across the Ganga river. Along with ADB’s loan and $900,000 in technical assistance to improve bridge operation and management, the […]

The Kolkata Municipal Corporation in West Bengal has inked an agreement with ADB for augmentation of the water supply system and modernisation of the drainage system in the city. ADB will release a sum of  […]

IRB Infrastructure Developers Limited’s subsidiary – AE Tollway Private Limited – has achieved financial closure of the Agra-Etawah bypass section widening project. IRB has tied up Rs 16.5 billion as project finance. The total cost […]

ONGC Videsh Limited (OVL) has taken a bridge loan of $1.2 billion from a group of foreign banks, at a highly competitive rate of about 1.3 per cent, to fund its acquisition of a 15 […]

Aurangabad Jalna Tollway Limited (AJTL), a wholly owned subsidiary of Sadbhav Infrastructure Project Limited, has completed the refinancing of its existing debt facilities with new debt taken from other lenders with revised terms and conditions. […]

GVK Power and Infrastructure Limited has sought shareholder approval to increase the maximum limit of loans and guarantees that can be given to other entities to Rs 150 billion. The company has sought approval under […]

The Asian Development Bank (ADB) and the Government of India have signed a $200 million loan agreement to upgrade 176 km of state roads in Jharkhand. The financing for the Jharkhand State Roads II Project […]