India, Sept. 14 -- Big infrastructure deals rarely move fast in India. Land, funding, approvals, everything takes time. But sometimes a single agreement can change how quickly things move. This is one of those moments. A state government has just tied up with a major international lender, and the ripple effects could touch quite a few companies on the stock market.

Madhya Pradesh's $1 Billion Push Explained The Asian Development Bank has signed its very first advisory agreement in India, and it's with the Madhya Pradesh government. This isn't a loan. ADB will act more like a consultant, helping the state design and structure three renewable energy projects so that private companies find them attractive enough to invest in.

One of the ...