BORROWING OVERSEAS FOR INFRASTRUCTURE PROJECTS IN INDIA

Infrastructure companies may soon be able to refinance part of their domestic debt through borrowings overseas. This will allow them to raise funding from a wider range of sources, and give them acces...

Bangalore will choose a private partner for its high speed rail link in September

Expediting the process for selecting the executing agency for building a direct rail link to the Bangalore International Airport, the Karnataka Government on Monday shortlisted five private consortia,...

Tender launched

IDBI Bank has underwritten the necessary loan for the project

IDBI Bank has underwritten the necessary loan for the project. The interest rate on the loan is 10.75%

IRB Infrastructure achieved financial close for the project

IRB Infrastructure achieved financial close for the project. IDFC was the lead arranger and other lenders included three state owned banks—Bank of Baroda, Canara Bank and Union Bank of India. Total...