Sanctions/ Grants

In order to boost connectivity in the Kumaon region, the central government has sanctioned Rs 15.57 billion for the Tanakpur-Pithoragarh national highway. The project involves the construction of a 148 km road stretch on National […]

The central government has sanctioned a sum of Rs 43 billion for the construction of ring roads in Jammu & Kashmir. The project is likely to begin in three months. Meanwhile, the expenditure on the […]

The Maharashtra government has sanctioned a Rs 16.22 billion plan for developing infrastructure in 28 Tier II cities. Under the Atal Mission for Rejuvenation and Urban Transformation and Nagar Utthan schemes, projects for water supply, […]

The Ministry of Road Transport and Highways (MoRTH) has approved Rs 36.15 billion for the development of 14 roads (with a total length of 570 km) in Telangana. The state government has also sanctioned Rs […]

The Greater Visakhapatnam Municipal Corporation (GVMC) in Andhra Pradesh has sanctioned Rs 250 million for water supply works under its summer action plan. The civic agency will undertake works to ensure that all borewells and […]

The Power Finance Corporation (PFC) has sanctioned a loan of Rs 91.28 billion to provide financial assistance to power utilities in Tamil Nadu. The company has approved a term loan of Rs 54.74 billion for […]

The Indian Renewable Energy Development Agency plans to sanction credit worth Rs 130 billion during fiscal year 2017-18 for clean energy project developers in the country. The move is in line with the ambitious government […]

The central government has sanctioned Rs 43 billion for two ring road projects in Jammu & Kashmir. While an amount of Rs 21 billion has been sanctioned for the Srinagar Two-/Four-Lane Semi-Ring Road Project, Rs […]

The Power Finance Corporation has sanctioned a loan of Rs 27.03 billion for developing the first-ever supercritical power project in the state of West Bengal. The 660 MW Sagardighi Unit 5 is the first supercritical […]

The Hyderabad Metropolitan Water Supply and Sewerage Board (HMWSSB) in Telangana has sanctioned Rs 58.1 million for 439 water supply project works. The funds have been sanctioned under the civic agency’s action plan to mitigate […]

The Ministry of Urban Development (MoUD) has approved Rs 42.12 billion for projects being implemented in seven states under the Atal Mission for Rejuvenation and Urban Transformation. The funds have been approved for the next […]

The European Investment Bank and the Asian Infrastructure Investment Bank have sanctioned Rs 36 billion for Phase II of the Bengaluru metro project. The estimated total cost of the 72.1 km project is Rs 264.05 […]

The World Bank has sanctioned funds to the tune of Rs 13.76 billion for a transmission project in Tripura. The project will be implemented in five phases and involves increasing voltage levels of existing substations […]

The Ministry of Road Transport and Highways has sanctioned Rs 80 billion for the development of national highways in Telangana. Some of these roads are Surya Pet-Khammam, Manheryal-Chandrapur, Sangareddy-Nanded, Jagityal-Karimnagar-Warangal and Kodad-Khammam.The state government has […]

The centre has sanctioned Rs 32.24 billion for several urban infrastructure projects, including water supply and sewage management, in Rajasthan. The funds have been sanctioned under the Atal Mission for Rejuvenation and Urban Transformation scheme. […]

The National Capital Region Planning Board (NCRPB) has disbursed the first installment of Rs 4.06 billion for the under-construction Noida-Greater Noida metro project. A loan of Rs 5.8 billion will be given by NCRPB in […]

The central government has given in-principle approval to a grant of Rs 5.15 billion for the development of Sagar port in West Bengal. The grant has been given to make the project financially viable. An […]

The Cabinet Committee on Economic Affairs (CCEA) approved viability gap funding (VGF)/partial capital grant of 40 per cent (Rs. 51.76 billion) of the estimated capital cost of Rs 129.4 billion to GAIL (India) Limited for […]

The Bangalore Water Supply and Sewerage Board (BWSSB) in Karnataka has sought a grant worth Rs 18.86 billion from the state government to implement water supply and underground drainage (UGD) works in the newly added […]

The National Bank for Agriculture and Rural Development (NABARD) has approved a loan of Rs 2.05 billion for a 10 MW solar plant at Haryana Power Generation Corporation Limited’s 1367.8 MW Panipat thermal power station. […]