PNB & IIFCL sign pact for infra projects financing
ECONOMY & POLICY

PNB & IIFCL sign pact for infra projects financing

Punjab National Bank (PNB) and India Infrastructure Finance Company Ltd (IIFCL) have entered into a strategic agreement to provide substantial financial support to infrastructure ventures. The collaboration aims to facilitate consortium lending for such projects.

At a signing ceremony, attended by Atul Kumar Goel, MD & CEO of PNB, and Padmanabhan Raja Jaishankar, MD of IIFCL, a Memorandum of Understanding (MoU) was formalised. This MoU signifies a significant step towards extending long-term financial assistance to viable infrastructure projects.

Both entities will join forces to fund these projects through consortium or multiple lending arrangements, contingent upon thorough due diligence and on a case-by-case basis.

The agreement underscores a commitment to exploring new avenues for infrastructure project financing in the country, with both sides expressing their full dedication to this collaborative effort.

(Source: ET)

Punjab National Bank (PNB) and India Infrastructure Finance Company Ltd (IIFCL) have entered into a strategic agreement to provide substantial financial support to infrastructure ventures. The collaboration aims to facilitate consortium lending for such projects. At a signing ceremony, attended by Atul Kumar Goel, MD & CEO of PNB, and Padmanabhan Raja Jaishankar, MD of IIFCL, a Memorandum of Understanding (MoU) was formalised. This MoU signifies a significant step towards extending long-term financial assistance to viable infrastructure projects. Both entities will join forces to fund these projects through consortium or multiple lending arrangements, contingent upon thorough due diligence and on a case-by-case basis. The agreement underscores a commitment to exploring new avenues for infrastructure project financing in the country, with both sides expressing their full dedication to this collaborative effort. (Source: ET)

Next Story
Infrastructure Energy

Gujarat Adopts Tariff for Solar Projects

Gujarat has taken a significant step in its renewable energy journey by adopting tariffs for solar projects, reflecting its commitment to sustainable energy sources. This move aligns with global efforts to transition towards cleaner and greener power generation. Gujarat's decision to adopt tariffs for solar projects underscores its proactive approach to harnessing solar energy's potential. This initiative is part of the state's broader strategy to promote renewable energy and reduce reliance on traditional fossil fuels. The adoption of tariffs for solar projects in Gujarat signifies a pivotal ..

Next Story
Infrastructure Transport

Bihar's Railway Goes Solar, 10 MW Projects

Bihar's railway sector is undergoing a significant transformation with the implementation of 10 MW solar projects. These projects mark a pivotal shift towards sustainable energy practices within the state's railway infrastructure. The primary objective behind these initiatives is to reduce the carbon footprint of railway operations while simultaneously enhancing operational efficiency. The adoption of solar energy in Bihar's railway network reflects a broader commitment to environmental sustainability. By harnessing solar power, the railway aims to minimize its reliance on conventional energy ..

Next Story
Infrastructure Energy

GPCL Issues Consultancy for Storage Project

In a strategic move towards bolstering its energy storage capabilities, Gujarat Power Corporation Limited (GPCL) has issued a consultancy tender for a storage project. This initiative reflects GPCL's proactive approach in adopting advanced technologies to address the evolving needs of the power sector. The consultancy tender marks a crucial step towards integrating efficient energy storage solutions, ensuring a more resilient and sustainable power infrastructure. The storage project, facilitated through the consultancy tender by GPCL, signifies a shift towards innovative solutions for storing ..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000

Join us Telegram