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).

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

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.

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.

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.

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).

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

Joyville Shapoorji Housing will invest Rs 700 crore in land acquisition even as its promoters explore options for the next round of funds.

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.