India: Project Finance/PPP & PFI

Infrastructure development is a cornerstone of economic growth and a key policy priority for a developing country like India.

The RBI has issued the Reserve Bank of India (Project Finance) Directions, 2025 (‘Project Finance Directions') dated June 19, 2025, to take effect from October 1, 2025 (‘Effective Date').

The July 2025 edition of Fox & Mandal's newsletter examines SEBI's revised disclosure requirements for related party transactions; RBI's framework for sustainable project finance; pledged shares as part of the resolution estate; bar on loan pre-payment charges; draft Registration Bill, 2025; scheme for green hydrogen certification; and other changes in India's corporate, capital markets, real estate, projects, insolvency, and banking sectors.

Project Finance Comparative Guide for the jurisdiction of India, check out our comparative guides section to compare across multiple countries

The Ministry of Finance, Department of Revenue, has issued the Prevention of Money-Laundering (Maintenance of Records) Second Amendment Rules, 2023 ("Second Amendment Rules")...

An infrastructure project that is designed and built after factoring in the possible climate change disruptions is considered a climate-resilient Infrastructure.

Back in December 2015, the Government of India amended the Atomic Energy Act, 1962, enabling the Nuclear Power Corporation of India Limited to form joint ventures with public sector undertakings.

The RBI ECB Circular provides for the three routes for raising borrowings from recognised non – resident entities.

Under the NBFC Refinancing Circular, such refinancing by NBFCs shall not be restructuring of the project loans provided that such loans have not been restructured in the past...