Project Finance is a detailed textbook designed for management students specializing in Finance. It aims to provide an in-depth discussion on the various elements and risks involved in project finance applicable to Indian markets and banks. The book will take the students step by step through the structuring, appraisal, documentation, risk management, follow up and arrangement of project finance bank loans. Project Finance is a well-established technique for raising funds for large standalone projects that require huge initial investments but have long pay offs. It is all about sourcing funds to a long term infrastructure project, or any other project. Some part of the finance comes from equity of big corporates houses, some from the government but majorly from debt financing. All such investments are associated with risk and hence all banks and financial institutions have project finance wing which analyses the cost and revenue drivers, market trends, interest rates, etc. and prepares the project finance report. They analyse all large infrastructure projects like roads, expressways, freeways and highways, ports, oil, gas projects, railway and airport projects, renewable energy projects, etc. are project financed and hence it is of huge importance as it contributes majorly to a country?s economy and economic growth. Hence project finance is of great importance. It is really surprising to know that project finance actually predates corporate finance and was first implemented in 1299 AD when the English Crown financed the exploration and development of Devon silver mines.