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India weighs hybrid annuity model for East-West freight corridor
The East-West Dedicated Freight Corridor may use a Hybrid Annuity Model for development. This financing framework was discussed at a conference organized by DFCCIL. The proposed corridor will connect Surat in Gujarat to Dankuni in West Bengal. Many infrastructure investors and financial institutions attended the important deliberations. This reflects strong investor confidence and broad stakeholder interest in the project.
Meta partners with Reliance to launch first AI-enabled data center in India
Meta has partnered with Reliance Industries to lease its first AI-enabled data centre in Jamnagar, Gujarat.
Avaada secures $950 million from global, domestic Banks
Avaada Group has achieved a major milestone. The company announced financial closure for its firm and dispatchable renewable energy project in Bikaner. This marks India's largest fundraise in the segment. Avaada also secured debt financing for two 300 MW solar power projects in Rajasthan and Gujarat.
Avaada Group secures $950 million financing from consortium of global and domestic banks
Avaada Group has achieved financial closure for its Firm and Dispatchable Renewable Energy (FDRE) project in Bikaner, Rajasthan, calling it India’s largest financing transaction in the FDRE segment. The company has also secured debt financing for two 300 MW solar projects in Rajasthan and Gujarat, taking total debt sanctions across the three projects to nearly $950 million.
Akasa Air sets up entity for aircraft financing, leasing in GIFT City
Akasa Air has set up a new entity at GIFT City in Gujarat. This move aims to boost its aircraft financing and leasing operations. The new company, Akasa Air Leasing IFSC Private Limited, will help the airline secure better financing. It will also allow for more flexibility and cost efficiency.
Reliance Industries stocks gain over 2% after Meta partnership for AI data centre in Gujarat
Under the agreement, Reliance will build a 168-megawatt data centre in Jamnagar, Gujarat, which Meta will lease for its artificial intelligence and computing requirements