AIIB accords $160 million for AP power project
Posted in Power Transmission

AIIB accords $160 million for AP power project

Asian Infrastructure Investment Bank has approved USD 160 million loan for a power project in the southern state of Andhra Pradesh. This is the first…

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Update on Talaja Mahuva Road project
Posted in Infrastructure

Update on Talaja Mahuva Road project

MEP Sanjose Talaja Mahuva Road (MEPTM), a subsidiary of MEP Infrastructure Developers, has entered into a concession agreement with National Highways Authority of India (NHAI)…

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World Bank sanctions $375 mn for India's first waterway
Posted in Infrastructure

World Bank sanctions $375 mn for India’s first waterway

The World Bank has sanctioned a loan of USD 375 million (approximately Rs 2,421 crore) for the ambitious inland waterways project between Haldia in West…

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4 private airports need Rs 27k crore for expansion
Posted in Infrastructure

4 private airports need Rs 27k crore for expansion

A Crisil report said four major private airports in the country will require an investment of Rs 27,000 crore in expanding the existing capacity, which…

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Madhya Pradesh to raise Rs 14,485 crore for Metro Rail
Posted in Railways

Madhya Pradesh to raise Rs 14,485 crore for Metro Rail

The State government of Madhya Pradesh is planning to raise Rs 14,485.55 crore to implement Metro Rail project in Indore and Bhopal. Speaking to reporters,…

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Freyr Energy to raise funds for fuel expansion
Posted in Renewable Energy

Freyr Energy to raise funds for fuel expansion

Hyderabad-based startup Freyr Energy is planning to raise funds to fuel its expansion and next phase of growth covering opex model projects. The Hyderabad-based start…

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Govt clears Baxter-Claris' Rs 4,020 crore deal
Posted in General

Govt clears Baxter-Claris’ Rs 4,020 crore deal

The Foreign Investment Promotion Board (FIPB) has cleared Baxter Healthcare’s deal to acquire India-based Claris Injectibles. Quoting a senior official, a report in Moneycontrol.com said…

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RBI approves $87,341,866 worth ECBs
Posted in General

RBI approves $87,341,866 worth ECBs

In February, the Reserve Bank of India has approved external commercial borrowings (ECBs) worth $87,341,866 of 14 entities, with maturity period ranging from 3.9 years…

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Chennai Metro Rail gets Rs 2,000 crore loan from JICA
Posted in Railways

Chennai Metro Rail gets Rs 2,000 crore loan from JICA

Japan International Cooperation Agency (JICA) has offered Official Development Assistance (ODA) loan of around Rs 2,000 crore for the fifth phase of Chennai Metro Rail…

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Minda raises Rs 300 crore For Capacity Expansion
Posted in Engineering

Minda raises Rs 300 crore For Capacity Expansion

Auto components manufacturer Minda Industries today has announced raising Rs 300 crore through Qualified Institutional Placement (QIP). In a filing to the Bombay Stock Exchange,…

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