May 05, 2023 ADB, TATA Power sign deal to enhance Delhi’s power distribution The Asian Development Bank (ADB) and Tata Power Delhi Distribution (TPDDL) have entered into an agreement to enhance Delhi’s power distribution. ADB will subscribe to non-convertible debentures for Rs 1.5 billion for grid enhancements, and a $2 million grant to partially finance the purchase and integration of a pilot battery energy storage system (BESS).
Mar 20, 2023 ADB offers $25 billion green funding to India Masatsugu Asakawa, President, Asian Development Bank (ADB), conveyed to Prime Minister Narendra Modi that the multilateral bank was ready to provide $20–$25 billion over five years to aid India’s aspirations for green growth. The green growth agenda would drive ADB’s India programme to help the country fulfil its global climate action commitments
Mar 20, 2023 ADB sanction Rs 1,311.20 crore tourism projects The Asian Development Bank (ADB) has agreed in principle to provide Rs 1,311.20 crore under phase-1 of the proposed infrastructure development investment programme.
Feb 06, 2023 ADB approved $300 loan for state highways and roads The Asian Development Bank approved a $300 million loan to upgrade more than 300 km of state highways and major district roads in Assam, including six road sections in the state’s western, central, and southern regions. The project will expand state highways and major district roads from single lane to two lanes and introduce new climate- and disaster-resilient structures.
Feb 05, 2023 ADB approved $1.2 bn loan for infrastructure projects The Indian government and the Asian Development Bank (ADB) signed loan agreements totalling $1.22 billion for developing infrastructure in various Indian states. The agreements would cover projects for improving the power sector and highways in the north-eastern states.
Jan 05, 2023 ADB approves $ 780 million loan to expand Chennai metro network With an aim to build new lines and improve the connectivity of metro rail services in Chennai with the city’s existing bus and feeder services, the Asian Development Bank approved a $ 780 million multi-tranche financing facility (MFF).
Sep 20, 2022 ADP approved $96.3 million loan for HP water supply project The Asian Development Bank (ADB) and the Indian government signed a $ 96.3 million loan agreement to provide safe drinking water and to improve water supply and sanitation in Himachal Pradesh
Aug 05, 2022 Shapoorji to invest Rs 700 crore in land acquisition Joyville Shapoorji Housing will invest Rs 700 crore in land acquisition even as its promoters explore options for the next round of funds.
Jan 20, 2022 ADB approves US$140 million to set up university The Asian Development Bank (ADB) has signed a loan agreement with Assam Skill Development Mission for establishment of a university at Mangaldoi. The estimated cost of the project is $140 million. The state government has allotted 250 bighas of land for the purpose.