https://newsmantra.in Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra Mon, 15 Jun 2026 10:28:48 +0000 en-US hourly 1 https://wordpress.org/?v=7.0.1 https://newsmantra.in/wp-content/uploads/2019/05/cropped-newmantra-logo-32x32.png https://newsmantra.in 32 32 https://newsmantra.in/iifcl-secures-maiden-smart-metering-project-loan-with-ifc/ Mon, 15 Jun 2026 10:28:48 +0000 https://newsmantra.in/?p=81610 NEW DELHI. India Infrastructure Finance Company Limited (IIFCL) has achieved another significant milestone by signing loan documents for a ₹916 crore Term Loan, representing IIFCL’s share, in a consortium with the International Finance Corporation (IFC). This transaction marks IIFCL’s maiden financing in the Smart Metering sector and represents a first-of-its-kind venture for the institution, reflecting its deep commitment to supporting next-generation infrastructure and technology-driven public utility projects. The funding is dedicated to a critical smart metering project in Rajasthan promoted by Gemstar, a platform backed by GIC, Singapore, and Genus Power Infrastructures Ltd. This project is poised to contribute significantly to modernizing power distribution infrastructure, improving operational efficiency, enhancing consumer services, and supporting India’s broader vision of digital transformation and energy sustainability. Ultimately, this milestone reinforces IIFCL’s role as a leading infrastructure financier that partners with premier global institutions to catalyze investments in critical sectors and drive sustainable infrastructure development across the country.

]]> https://newsmantra.in/pfc-vendor-meet-rdss-make-in-india-distribution-innovation/ Fri, 15 May 2026 06:55:58 +0000 https://newsmantra.in/?p=80664 NEW DELHI. Power Finance Corporation (PFC) successfully hosted a Vendor Meet at the India International Centre (IIC) on May 13, 2026, to drive the “Make in India” initiative and foster innovation within the power distribution sector. Organized under the Revamped Distribution Sector Scheme (RDSS), the event brought together a diverse group of stakeholders, including industry leaders, original equipment manufacturers (OEMs), advanced system integrators, and representatives from various power distribution companies (Discoms). The gathering focused on collaborative strategies to modernize India’s power infrastructure through local manufacturing and cutting-edge technology, ensuring a more efficient and self-reliant energy future for the nation.

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