The partnership will attract anchor investors, technology partners and industrial participants via joint international roadshows. Avaada Group and the Government of Haryana have signed an MoU to develop a 300‑acre zero‑CBAM green industrial campus in Hisar district. The proposed investment of ₹100 billion is expected to generate over 5,000 jobs. The campus is envisioned as a...
Category: Infrastructure Finance
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Building Certainty Before Construction
Stand beneath the soaring spans of a modern industrial hub or a high-velocity transit terminal, and the space feels inevitable. Yet anyone who has lived through a project knows construction is rarely about concrete or steel alone. It is about managing relentless collisions of capital, weather, material markets, and dozens of trade contractors competing for...
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REC, PFC Seal ₹268.5 Billion Loan Deal for 2,400 MW Meja Thermal Project
Located in Prayagraj district, the project will add 2,400 MW through three ultra‑supercritical 800 MW units. REC Ltd and PFC Ltd, India’s leading power sector financiers, have signed a ₹268.5 billion common loan agreement with Meja Urja Nigam Pvt Ltd (MUNPL) to fund the second stage of the Meja Thermal Power Project in Uttar Pradesh....
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REC Declares First Interim Dividend as Q1 Profit Jumps 23%
The company’s standalone loan book stood at ₹5.9 trillion as of June 30, the largest for any central government-owned NBFC in India. REC Ltd, the power sector financier, on Friday approved its standalone and consolidated financial results for the quarter ended June 30, 2026, declaring its first interim dividend of ₹4.25 per share for FY2026‑27....
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GIFT City Units Freed from Coastal Shipping Licence, Boosting India’s Maritime Finance Hub
This landmark maritime reform is set to drive leasing, financing, and ship‑owning through GIFT City, while opening India’s maritime assets to deeper global capital participation. In a landmark reform, the Centre has exempted units established in the International Financial Services Centre (IFSC), GIFT City, Gandhinagar, from the licensing requirement under Section 11 of the Coastal...
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REC Commits ₹150 Billion to Power and Renewable Push in Tripura
The financing pacts will support critical power projects in Tripura, contributing to the expansion and modernisation of the state’s infrastructure. Power sector financier REC Ltd has signed two MoUs with the Government of Tripura to support power and renewable energy projects worth ₹150 billion. The agreements were formalised during the Destination Tripura Business Conclave 2026...
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Adar Poonawalla Family Office Invests ₹700 Crore in Inox Clean Energy
The investment comes as the Noida‑based company has completed ten acquisitions in the past ten months, highlighting its rapid expansion strategy. Rising Sun Holdings Pvt. Ltd., the Adar Poonawalla family office, has invested ₹7 billion in Inox Clean Energy Ltd, the integrated renewable energy platform of the INOXGFL Group, at a valuation of ₹700 billion....
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PFC-REC Merger Scheme Approved by Boards, Creating ₹11 Trillion Power Financing Giant
Once completed, the merger will strengthen India’s ability to finance large-scale power and renewable energy projects through a unified, globally competitive institution. The boards of Power Finance Corp. Ltd (PFC) and REC Ltd (REC) have approved a merger scheme that will combine India’s two leading government-backed power sector financiers into a single entity with a...
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CleanMax Raises $575 Million for 1 GW Renewable Push in Rajasthan and Karnataka
The fundraise will power renewable energy projects for digital‑age industries, particularly AI, cloud computing, and data centres, sectors rapidly emerging as key demand drivers in India’s clean energy transition. Clean Max Enviro Energy Solutions Ltd, India’s largest renewable energy solutions provider for the commercial and industrial (C&I) sector, has successfully raised around $575 million to...
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Bhutan, World Bank Seal $515 Million Pact for Dorjilung Hydropower
A PPP between state‑owned Druk Green Power Corp. and India’s Tata Power, the project is expected to lift Bhutan’s GDP by 2.4 per cent, generate jobs, and spur entrepreneurship across manufacturing, tourism, and small businesses. The Government of Bhutan and the World Bank have signed financing agreements worth $515 million for the 1,125 MW Dorjilung...