Loans

The Indian Renewable Energy Development Agency (IREDA) is planning to raise Rs 15 billion-Rs 20 billion through taxable bonds in 2015-16. The funds will be utilised for financing renewable energy projects in the country. In […]

Delhi Transco Limited (DTL) has sought a loan of Rs 8 billion from the Power Finance Corporation for completing three projects – laying cables in the Rajghat, Dwarka and Tughlakabad areas of Delhi. Reportedly, DTL […]

The Ministry of Power (MoP) is likely to present a proposal to the Cabinet Committee on Economic Affairs (CCEA) seeking extension of the timeline for issuance of bonds under the Ujwal Discom Assurance Yojana (UDAY). […]

ADB has approved a project loan of $300 million to upgrade over 400 km of major district roads (MDRs) in Uttar Pradesh, to improve maintenance and strengthen road safety on the MDRs forming part of […]

A consortium of banks led by the State Bank of Patiala is looking to sell stake in Monnet Ispat and Energy Limited. Earlier, the banks had acquired a 51 per cent stake in the company […]

The Asian Development Bank (ADB) has approved a loan of $175 million to Mytrah Energies (India) Limited (MEIL). MEIL will utilise the proceeds of the loan for the development of wind and solar power projects […]

NTPC Limited has raised Rs 10 billion through a bond issue. The issue was oversubscribed by 2.8 per cent. The company had put on offer a subscription for non-convertible debentures totalling Rs 5 billion with […]

In a bid to strengthen bilateral ties and ensure energy security, India has offered a $100 million line of credit for infrastructure development to Papua New Guinea and has agreed to jointly develop new avenues […]

According to the Ministry of Communications and Information Technology, Bharat Sanchar Nigam Limited’s (BSNL) outstanding debt stood at Rs 76.66 billion as of January 2016, while that of Mahanagar Telephone Nigam Limited (MTNL) stood at […]

International ratings agency Fitch is expecting the non-performing assets ratio of banks to improve marginally to 10.9 per cent by the end of this fiscal year from 11.1 per cent in 2014-15. According to the […]

The Rajasthan government has signed a Program Implementing Entity Agreement with the World Bank for an International Bank for Reconstruction and Development credit of $250 million for the First Programmatic Electricity Distribution Reform Development Policy […]

Allcargo Logistics Limited is planning raise up to Rs 3 billion on a private placement basis. The company will seek shareholder approval to raise the amount by issuing secured redeemable NCDs. The resource raising committee […]

Adani Ports and Special Economic Zone Limited (APSEZL) has raised Rs 5 billion through the issue of debentures on a private placement basis. The company has raised Rs 5 billion through the allotment of 5,000 […]

The Jawaharlal Nehru Port Trust (JNPT) is planning to raise a dollar-denominated loan of Rs 26 billion from either DBS Bank Limited or the State Bank of India (SBI) for funding a road widening project […]

The European Investment Bank (EIB) will extend a loan of Euro 450 million ($512 million) to India to finance the construction of Lucknow’s first 23 km long metro rail line and purchase a fleet of […]

The Oil and Natural Gas Corporation (ONGC) will fully fund its $1.27 billion stake purchase in Rosneft’s Vankor field in Russia through overseas borrowing. The Russian government recently approved ONGC’s agreement to buy a 15 […]

L&T Infra Finance Company Limited plans to raise up to Rs 2 billion through the issuance of non-convertible bonds on a private placement basis. The company intends to issue secured, redeemable, non-convertible debentures (NCDs) with […]

The Ministry of Power has sought a $500 million loan from the Asian Infrastructure Investment Bank (AIIB) for the development of solar power projects in the country. The interest on the loan is likely to […]

Essar Power expects to repay its entire Rs 20 billion debt over the next two years. Some of the company’s power plants are now becoming operational on account of the availability of low-cost fuel and […]

The Japanese government has extended official development assistance (ODA) of over JPY 215 billion (about Rs 142 billion) for the implementation of infrastructure projects in India. The ODA has been committed to the Transmission System […]