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1.Proposed projects under JNNSM to add over 500 MW

The total capacity of all the proposed solar power projects, under the Jawaharlal Nehru National Solar Mission (JNNSM), that have confirmed financial closure exceeds 500 MW.


2.Ramky achieves financial closure for Hospet road project

For the Rs 1,103-crore Hospet-Chitradurga tollway road project in Karnataka, Ramky Infrastructure has achieved financial closure. The company closed finances through debt syndication of Rs 830 crore to execute the road project.


3.Four projects get NHAI's extension for funding

The National Highways Authority of India (NHAI) has given a breather to four companies which are on the verge of losing their contracts. Several projects of NHAI have been facing failure to achieve financial closure.


4.L&T achieves financial closure for its Maha road projects

For two of its road projects in Maharashtra, L&T Infrastructure Development Projects (L&T IDPL), a subsidiary of Larsen & Toubro Ltd, and one of the pioneers in infrastructure development in India, has achieved financial closure on November 30.


5.NHAI gives more time to secure funding for highway project

Owing to delay in securing statutory clearances, the National Highway Authority of India (NHAI) allowed the concessionaire of the Kota-Jhalawar highway project in Rajasthan to take more time for financial closure. The lenders of the highway project asked for all the clearance to be on the safer side. The approvals from seve


6.Road contractors may be given more time to get funds

In a bid to prevent the exodus of private road contractors from highway projects, the Union government plans to extend the time required for road contractors to achieve financial closure. This is in case there is a delay in getting the required government clearances.


7.Gammon gets uderwriting of financial closure for 5 road projects

Gammon Infrastructure has secured underwriting for the financial closure of five highways projects in Bihar, Andhra Pradesh, Madhya Pradesh, Orissa and Haryana, which is likely to help the developer tie up funds easily and enable faster pace of progress.


8.Gammon gets financial closure for 5 road projects

Gammon Infrastructure Projects has received financial closures for five road projects spread across different states. The company received a total grant of over Rs 1,000 crore for these projects, according to Parag Parikh, ED and CFO, Gammon Infra. The five road projects include Yamunanagar-Panchkula in Haryana, Patna-Buxar in Bihar, Sidhi-Singrauli in Madhya Pradesh, Birmitrapur Barkote in Orissa and Vijayawada Gundugolanu in Andhra Pradesh.


9.MBL Infra's arm secures loan for highway project

Suratgarh Bikaner Toll Road Company, which is a subsidiary of MBL Infrastructures, achieved financial closure for two laning of Bikaner-Suratgarh section in national highway (NH)-15 in Rajasthan. The company would execute the project on design, build, finance, operate and transfer (DBFOT) basis. A consortium of five public sector banks agreed to provide debt for the project. MBL Infrastructure has both engineering, procurement and construction and build-oper


10.Govt okays financial closure for Jaipur Ring Road project

The Rajasthan government has given approval to financial closure for the long pending ring road project in Jaipur and is expected to begin soon. Once the letter is issued by the Jaipur Development Authority (JDA), the contract company Sanjos Supreme will have to complete work in 21 months. The Jaipur Development Authority (JDA) after examining the financial closure critically provided by the company submitted it to the State government for approval.