IFC, a member of the World Bank Group, has invested Rs 6.67 billion ($103 million) in L&T Infrastructure Finance Company Ltd. by subscribing to the first official Green Bonds in India. This is in line with IFCÂ’s strategy to support renewable energy infrastructure in the country and also develop the capital markets.
Category: Infrastructure Finance
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IRB InfraÂ’s SPV achieves Financial Closure for Rs 2,088 cr
Udaipur Tollway Pvt. Ltd, a Special Purpose Vehicle (SPV) of India’s largest Highways Infrastructure developers, IRB Infrastructure Developers Ltd, has successfully achieved financial closure for its Udaipur – Gujarat Border 6 Laning BOT project.
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Mitigate payment-related risks to make infrastructure sustainable
I think in many sectors the policies are conducive. The most recent example is the Rewa Ultra Mega Solar Project, where IFC was the lead public-private-partnership (PPP) transaction advisor. We helped structure the bidding process to include a three-tiered payment security mechanism.
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Clean up your act
On July 1, 2017 a new tax regime, in the works since over 15 years, designed as 'One Nation, One Tax', went live! Its impact on infrastructure will resolve future litigation in this area and although will mean higher tax, will also allow input tax credit in many categories.
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ADB to aid $275 million for urban services in Madhya Pradesh
The Asian Development Bank (ADB) and the Government of India signed a $275 million loan on 19th June, 2017 for improving urban services in 64 small towns in the State of Madhya Pradesh.
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Adani Capital to invest Rs 50 Crore in PRA Realty
Adani Capital Pvt Ltd (ACPL), the NBFC arm of the Adani Group, has partnered with PRA Realty to provide capital for its project in Pune. ACPL will be investing Rs 50 crore and this investment will be utilised towards the development of a one off, rare and iconic mixed-use project in the prime, downtown location of Shivaji Nagar.
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SMC & IM Capitals Investment Manager LLP Launches Realty Fund
SMC Global and IM Capitals Ltd have formed a joint venture to launch their maiden US$ 75 million fund exclusively for Indian real estate market with a green shoe option of up to US$ 75 million. SMC Global and IM Capitals are the principal sponsors of the fund. The fund will be forming an investment committee that will comprise of investors.
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Lodha UK raises USD 375 million construction finance
Lodha UK, the London based development arm of IndiaÂ’s largest real estate developer, Lodha Developers, has raised USD 375 million (GBP 290 million) as construction funding for its Lincoln Square development in London, located adjacent to the London School of Economics (LSE) and close to Covent Garden.
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Expanded Sewerage Treatment to Start in Bengaluru with JICA Support
The newly inaugurated Sewerage Treatment Plant (STP) in Koramangala and Challaghatta (K&C) Valley STP, whose treatment capacity is 60 Million Liters per Day (MLD) is expected to treat the sewerage generated by around 5 lakhs people in Bengaluru, and improve the sanitation and environmental condition of the rapid growing city.
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Reliance Infra arm receives Rs 2,950 cr arbitrary funds
Delhi Airport Metro Express Private Limited (DAMEPL), a subsidiary of Reliance Infrastructure has been awarded compensation of Rs 2,950 crore by a three member Arbitral Tribunal, a company statement said.