IRFC raises $500 million through green notes issuance

January 17, 2022

Under its $7 billion global medium-term note programme, Indian Railway Finance Corporation (IRFC), the financial arm of the Indian Railways, has issued $500 million of denominated, senior and unsecured green notes. The green notes will […]

NTPC plans to procure 5 per cent equity stake in PXIL

January 5, 2022

NTPC Limited is planning to procure a 5 per cent equity stake in Power Exchange of India Limited, which facilitates several electricity trading options. This decision was made in light of the government’s objective to grow […]

Reliance secures $736 million in green loan

December 9, 2021

Reliance Industries (RIL) has secured a $736 million green loan to fund its largest foreign acquisition, REC Solar Holdings in Norway, adding to a growing list of Indian corporations that are turning to sustainable finance […]

Government sells Central Electronics for Rs 2.1 billion

November 30, 2021

Central Electronics Limited was cleared for sale by the Cabinet Committee on Economic Affairs (CCEA) for Rs 2.1 billion to Nandal Finance and Leasing. Following Air India, the government is selling its second strategic stake. In […]

Oorja raises $1 million in seed funding

October 28, 2021

Oorja Development Solutions has raised $1 million in seed funding, with Schneider Electric Energy Access Asia (SEEAA) providing equity and the Water & Energy for Food Grand Challenge (WE4F) and the DOEN Foundation providing grant […]

CESL begins empanelment for EV financing

October 22, 2021

Convergence Energy Services Limited (CESL), a wholly-owned subsidiary of the Energy Efficiency Services Limited, has invited expressions of interest (EoI) to empanel financial institutions which can finance electric vehicles (EVs). CESL will appoint authorised and […]

Vitol invest $50 million in India’s Sun Mobility

October 21, 2021

India’s Sun Mobility has raised $50 million from one of the largest global traders of energy, Vitol. Vitol is also a significant investor in zero-emission technologies. The strategic investment by Vitol is expected to enable […]

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