Finance

The Government of India is strongly focused on increasing investment in infrastructure development in the country. Towards this end, the National Infrastructure Pipeline (NIP) envisages an infrastructure investment of Rs 111 trillion over a five-year […]

NTPC REL signs first green term loan of Rs 5 billion with Bank of India (India) NTPC Renewable Energy Limited (NTPC REL) has signed its first green term loan ag­reement of Rs 5 billion. The […]

In line with its strategic objectives of reducing debt, focusing on its core business (steel) and reducing its carbon footprint, Jindal Steel and Power Limited (JSPL) has divested its entire 96.42 per cent stake in […]

 Sterlite Power files DRHP for Rs 12.5 billion IPO (India) Sterlite Power Transmission Limited (SPTL) has filed a draft red herring prospectus (DRHP) with the Securities Exchange Board of India to raise money from the […]

In a significant milestone, the India Grid Trust (IndiGrid) has acquired its first set of solar power assets, effectively diversifying its portfolio and also marking the first renewable energy acquisition by an infrastructure investment trust (InvIT) […]

AEML lists $2 billion global medium term note on India INX (India) Adani Electricity Mumbai Limited (AEML) has listed its $2 billion global medium term note programme on BSE-owned India International Exchange’s (INX) debt listing […]

Until now, Adani Green Energy Limited (AGEL) had been focusing on renewable energy capacity expansion through greenfield investments. With this strategy, its renewable energy portfolio grew substantially, from only 0.3 GW in 2015-16 to 14.8 […]

Powergrid approves investments worth Rs 22.02 billion (India) Power Grid Corporation of India Limited (Powergrid) has granted approval for investments worth Rs 22.02 billion for several transmission projects. These include the Transmission System Strengthening Scheme for […]

In a significant development, power transmission major Power Grid Corporation of India Limited (Powergrid) has commenced its asset monetisation drive by launching the initial public offering (IPO) of its maiden infrastructure investment trust (InvIT) – […]

Powergrid transfers 74 per cent stake in five SPVs to PowerGrid InvIT (India) The Power Grid Infrastructure Investment Trust (PGInvIT), sponsored by Power Grid Corporation of India Limited (Powergrid), debuted at Rs 104 per unit […]

Adani Transmission Limited (ATL), the country’s largest private sector power transmission company, has been consolidating its presence in the sector through both the organic and inorganic routes. During financial year 2020-21, ATL acquired two interstate […]

Powergrid InvIT public issue subscribed by 10 per cent on the first day The public issue of Powergrid Infrastructure Investment Trust, the first InvIT offering by a state-owned entity, garnered 10 per cent subscription on […]

Powergrid acquires Ramgarh New Transmission for Rs 56.1 million The Power Grid Corporation of India (Powergrid) has acquired Ramgarh New Transmission Limited (RNTL), a special purpose vehicle (SPV) set up by REC Limited, for an […]

Ahead of its plans to launch its maiden infrastructure investment trust (InvIT), Power Grid Corporation of India Limited (Powergrid), the country’s largest power transmission company, has been on an acquisition spree. It has won five […]

In a key recent fundraising deal, power sector financier Power Finance Corporation Limited (PFC) successfully tapped retail investors through a Rs 50 billion public issue of secured, redeemable non-convertible debentures (NCDs). This was PFC’s maiden […]

Powergrid files for $1.1 billion InvIT IPO (India) Power Grid Corporation of India Limited (Powergrid) has filed draft papers for an initial public offering (IPO) of its first infrastructure investment trust (InvIT) for around Rs […]

The restructuring efforts of the debt-laden IL&FS Group’s power arm, IL&FS Tamil Nadu Power Company Limited (ITPCL), moved forward last month with one of its creditors, PTC India Financial Services (PFS), approving the resolution plan […]

PFC’s maiden taxable bond issue oversubscribed Power Finance Corporation (PFC) launched a Rs 50 billion taxable non-convertible debenture (NCD) issue on January 15, 2020. The issue was subscribed nearly nine times and closed for subscription […]

The India Grid Trust (IndiGrid) recently signed an agreement to acquire a 74 per cent stake in Parbati Koldam Transmission Company Limited (PKTCL) from Reliance Infrastructure Limited at an enterprise value of Rs 9 billion. […]