As India’s newest development financing institution (DFI), the National Bank for Financing Infrastructure and Development (NaBFID) is targeting Rs.1.2 trillion in loan sanctions for this fiscal year. Samuel Joseph Jebaraj, Deputy Managing Director, tells INFRASTRUCTURE TODAY’s Manish Pant that while deepening its presence in renewables and roads, the DFI is also underwriting municipal bonds and...
Tag: Special Purpose Vehicles
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Inox Neo Energies to Acquire 640 MW Wind-Solar Hybrid Portfolio from Evergreen Group
This strategic acquisition marks a significant milestone in Inox Clean’s expansion of its renewable energy footprint through the acquisition of projects implemented via SPVs held by the Evergreen Group. Inox Clean Energy Ltd’s renewable independent power producer (IPP) subsidiary, Inox Neo Energies Ltd, has executed definitive agreements with Evergreen Power Mauritius Pvt Ltd and Evergreen...
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Why India’s Roads are racing into Global Infra Asset Plans
India’s road network is ahead of China’s & second only to the USA! India’s road network is second to the USA in the whole world. It is way ahead of China’s road network! No wonder several road asset funds are looking towards the National Highways Authority of India’s Asset Monetisation Plan. India’s road network is over...
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MISSION EXECUTION!
With 59 special purpose vehicles (SPVs) in place, India's Smart Cities Mission is now ready to take off. With more than 15 tenders coming in every month, winning cities have made sure their envisaged plans are on track, albeit at a slow speed.
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Competition Picks Up in HAM
Macro developments suggest positive trends in the road sector with pickup in execution. Recent bids under the Hybrid Annuity Model (HAM) in May-June have seen participation increasing from two-four players to seven-eight players as the risk-reward equation is favourable.
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Investing in risk assessment
Over the last two months, HDFC Bank recruited heads for four verticals, including infrastructure finance, to grow its investment banking business. Recently, several banks have been hiring up infrastructure experts, and as innocuous as the news may seem, it reflects a longer term goal to get specialised. As with most other lessons in India's infrastructure sector, the solution is reactive, not innovative. So banks have a job on their hands, and don't they know it.
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REC to launch 3 SPVs
REC Transmission Projects Company (RECTPCL)—Bid Process Coordinator (BPC) for three transmission projects—will incorporate three Special Purpose Vehicles (SPVs).