India’s largest private power transmission player, Adani Transmission Limited (ATL) is on an expansion drive. In a landmark deal, ATL acquired Reliance Infrastructure’s Mumbai power business in December last year. In a recent interview, Anil […]
Surjit Singh Madan is currently serving as head, rail systems at Amravati Metro Rail Corporation [AMRC] Limited. He has expertise in developing rolling stock and associated rail systems for transportation projects in India and abroad. […]
ABB India Limited has signed an MoU with the Indian Institute of Technology (IIT), Roorkee, for technical cooperation to construct an operational smart electricity distribution network and management system (SDNMS) on its campus. It will […]
The Indian pump market was valued at about Rs 111.78 billion in 2016-17. Submersible and centrifugal pumps accounted for 95 per cent of the pumps sold in the country. The market for pumps is expected […]
The Securities and Exchange Board of India (SEBI) has eased disclosure norms for initial public offerings (IPOs) and tightened the definition of “promoter group” to prevent fraudulent transactions. As per the new guidelines, IPO issuers […]
The Tamil Nadu government has sanctioned funds worth Rs 41.8 million to facilitate land acquisition for the Thirukattupalli bypass project. The project involves the construction of a 3.2 km bypass road from the Thogur-Ayyampettai road […]
ADB has given in-principle approval for a Rs 55.98 billion loan at a nominal interest rate to Punjab for various urban development projects such as the revival of sewage treatment plants under the Smart Cities […]
The World Bank has approved a $250 million development policy loan for the improvement of the electricity distribution sector under the Power for All scheme in Rajasthan. The state government will receive the loan under […]
Sadbhav Jodhpur Ring Road Private Limited, a wholly owned subsidiary of Sadbhav Infrastructure Project Limited, has achieved financial closure for four laning of the 74.62 km Dangiywas-Jajiwal section from km 96.59 of NH-112 to km […]
GVK Power and Infrastructure Limited has achieved financial closure for Phase I of the Navi Mumbai International Airport project. A loan amounting to Rs 103 billion has been secured by GVK from a consortium of […]
The Uttar Pradesh government has approved the proposal to secure a Rs 120 billion loan from Punjab National Bank (PNB) for the construction of the Purvanchal Expressway. In the first phase, a loan of Rs […]
Reliance Jio Infocomm Limited (RJIL) has signed a $1 billion long-term loan facility with the Korea Trade Insurance Corporation, K-SURE. The facility will be used to finance goods and services procured mainly from Samsung Electronics […]
The Andhra Pradesh cabinet has approved a proposal for raising a loan of Rs 13.85 billion by the Machilipatnam Urban Development Authority for the development of Machilipatnam port. Besides port development, The loan will be […]
The Indore Municipal Corporation has issued Rs 1.7 billion worth of bonds to finance various development works in the city under AMRUT. The public issues of these bonds were listed on the National Stock Exchange. […]
The Surat Municipal Corporation (SMC) in Gujarat plans to raise funds to the tune of Rs 2 billion through bonds for the 24×7 water supply scheme. SMC plans to issue bonds within the next five […]
The Life Insurance Corporation of India has bought the first issuance of the National Highways Authority of India’s 30-year bonds in 2018-19. It has bought bonds worth Rs 20 billion. These bonds offer an 8.55 […]
Adani Green Energy, the renewable power arm of Adani Enterprises, is planning to raise $500 million-$750 million by selling dollar bonds, to refinance its debt and expand its business. Reportedly, Adani’s bonds could be of […]
Avana Logistek Limited, a Mumbai-based logistics company, has filed a draft red herring prospectus with SEBI for an IPO. The IPO will comprise a fresh issue of shares for up to Rs 3 billion ($44 […]
Two rail public sector undertakings – the Indian Railway Finance Corporation (IRFC) and IRCON International Limited – are likely to launch IPOs in the next two months. The entities will raise Rs 15 billion in […]
Sagarmala Development Company Limited (SDCL) has decided to infuse Rs 1.25 billion in SPV Krishnapatnam Railway Company Limited (KRCL), formed to provide rail connectivity between Krishnapatnam port and Obulavaripalle in Andhra Pradesh. The total cost […]
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