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UP discoms - including Madhyanchal, Dakshinanchal, Purvanchal and Paschimanchal - representing different regions, had floated tenders for the supply of more than 25 million smart meters
Critics inside and outside the government complain that NIIF - which handles about $4.3 billion in assets - lacks vision, decisiveness and the ability to win over investors
Only NIIF has so far stayed the course as a viable infrastructure financing institution, using sovereign support
Finance Minister Nirmala Sitharaman on Thursday asked the National Investment and Infrastructure Fund (NIIF) to leverage India's attractive investment fundamentals to expand its operations.
SP Jammu Udhampur is the developer for the Jammu-Udhampur highway project under a concession from the National Highways Authority of India on a build-operate-transfer (annuity) basis
This is the single largest investment by NIIF's master fund and takes the vehicle's total investment in DP World's India arms to $500 million, as per an official statement
Ayana Renewable Power Pvt Ltd (Ayana) is scaling up its presence in Karnataka by setting up renewable energy projects totaling 2 gigawatts (GWs) with an investment of Rs 12,000 crore. At present, it has an operational portfolio of 340 megawatt-alternate current (MWAC) in the state, Ayana said in a statement on Wednesday. "The company has signed an expression of interest with the government of Karnataka to develop wind and solar power projects totaling 2 (GW) capacity with an investment of around Rs 120 billion (Rs 12,000 crore). At present, Ayana has an operational portfolio of 340 megawatt-alternate current (MWAC) in the state," it said. With the addition of 2 GW of green capacities, the company aims to to provide clean energy for nearly 2 million households. Karnataka, under its Renewable Energy Policy 2022-27, aims to develop 10 GW of additional renewable energy projects and Ayana is keen to help achieve the target, Shivanand Nimbargi, MD & CEO, Ayana, said. "Karnataka is a big
The amount raised would be partly used to fund the company's acquisition of Columbia Asia Hospitals' India business
These funds collectively manage assets worth Rs 38 trillion, see scope in India despite Covid
August-end loan deadline brought GVK to negotiating table
The lawsuit, filed on Monday, comes at a time when the Union government is seeking foreign direct investment in India, promising ease of doing business to overseas investors.
The deal includes a commitment of $150 million in NIIF's Master Fund and co-investment rights of up to $450 million in future opportunities to invest alongside the Master Fund
The National investment and Infrastructure Fund quoted Rs 4,230 crore while Mumbai-based IRB quoted Rs 3,510 crore
One-time restructuring of real estate loans and a large fund to buy toxic assets and equity in banks and NBFCs can bring back the animal spirits in the economy
The new joint venture, named IntelliSmart Infrastructure will implement, finance and operate the smart meter roll-out program of power distribution companies
NIIF is being operationalised by establishing three Alternative Investment Funds
The first investment agreement between NIIF and wholly-owned subsidiary of ADIA was for $1 bn