Equity infusion worth Rs 6,000 crore into NIIF on cards

26 Nov 2020 Editorial Team

The union cabinet is expected to accept a proposal of infusing a sum worth Rs 6,000 crore into the National Investment and Infrastructure Fund (NIIF) in the near future. The move is projected to help the body raise capital worth Rs 1.10 lakh crores for financing various infrastructure projects by the year 2025.

According to media reports, the infusion of funds would be carried out directly into the infrastructure finance companies and the infrastructure debt funds floated by the quasi-sovereign wealth fund. To that end, a debt platform consisting of an NBFC Infra Finance Company and an NBFC Infra Debt Fund has been set up by the NIIF Strategic Opportunities Fund.

Along with a deal pipeline worth Rs 10,000 crore, the debt platform has a loan book worth Rs 8,000 crore. The Strategic Opportunities Fund comprises an investment strategy that is more diversified and which includes debt platforms and green-field projects.

This proposal of infusing Rs 6,000 crores in the form of equity into the NIIF is a part of the Aatmanirbhar 3.0 package that was announced earlier in the month. The rest of the equity is expected to be raised from private investors.

Infrastructure Energy

08 Oct 2025

Panel to Monitor Rs 59.40 Bn Jharia Coalfield Fire Master Plan

A committee will be formed to oversee the implementation of the Rs 59.40-billion revised master plan addressing the Jharia coalfield fire in Jharkhand and the rehabilitation of affected families.Coal Secretary Vikram Dev Dutt has written to the Jharkhand government, stating that the monitoring committee, co-chaired by the Secretary (Coal) and the Chief Secretary, Jharkhand, will meet regularly to track the progress of the revised Jharia Master Plan (JMP).News source: PTI ..

Vedanta to Invest Rs 132.26 Bn to Boost Aluminium Capacity to 3.1 MTPA

Vedanta, led by Anil Agarwal, plans to invest Rs 132.26 billion to increase its aluminium production capacity from 2.4 MTPA to 3.1 MTPA by FY28, sources said. The expansion is a key part of Vedanta’s growth strategy, positioning aluminium at the centre of the company’s roadmap.The aluminium capacity is expected to reach 2.75 MTPA by FY26 before scaling to 3.1 MTPA by FY28. BALCO, in which Vedanta holds a majority stake, is also set to join the one million tonne production club.Aluminium, the world’s second-most consumed metal after steel, is critical for electric mobility, renewable ener..

Two Mega Airports Set to Open in India in October

India is set to witness the inauguration of two major airports this month: Navi Mumbai International Airport (NMIA) in the Mumbai Metropolitan Region and Noida International Airport (NIA) in the Delhi NCR. Prime Minister Narendra Modi will inaugurate NMIA on 8 October 2025, while the Union Civil Aviation Minister, Kinjarapu Ram Mohan Naidu, confirmed that NIA will be inaugurated on 30 October 2025.Both airports aim to meet the rising demand for air travel and ease congestion at existing airports in the country’s largest cities. The DGCA has already granted an aerodrome license to NMIA, allow..