Petroliam Nasional Berhad, Masdar Clean Energy and Sembcorp are in talks with Hero Future Energies to acquire an equity stake of up to 30 per cent in the latter. Hero Future Energies is planning to […]
KEC International Limited has signed a share purchase agreement with Adani Transmission Limited (ATL) for selling its entire stake in KEC Bikaner Sikar Transmission Private Limited (KBSTPL) at an enterprise value of Rs 2.27 billion. […]
The Petroleum and Natural Gas Regulatory Board has reportedly approved the sale of the East-West Gas Pipeline to Brookfield Asset Management, Inc. East West Pipeline Limited, previously known as Reliance Gas Transportation Infrastructure Limited, built […]
Cube Highways, backed by global private equity fund I Squared Capital and the Abu Dhabi Investment Authority, is likely to buy seven toll road projects with an enterprise value of Rs 200 billion from the […]
The National Investment and Infrastructure Fund (NIIF) has announced the acquisition of IDFC Infrastructure Finance Limited (IDFC-IFL), a non-banking finance company registered with the Reserve Bank of India (RBI) as an infrastructure debt fund. This […]
The Jawaharlal Nehru Port Trust (JNPT) is planning to acquire the Rewas, Vijaydurg and Dighi greenfield ports in order to expand port capacity and pursue port-led industrialisation. The port trust has already submitted bids for […]
Sekura Energy Limited, which is backed by the Edelweiss Infrastructure Yield Plus fund, has agreed to acquire a stake in two operating power transmission assets of Essel Infraprojects Limited, namely, Darbhanga-Motihari Transmission Limited and NRSS […]
Edelweiss asset reconstruction company (ARC) has partnered with US-based alternative investment manager Oaktree Capital and other US investors to buy about 90 per cent of GTL Infrastructure’s loans, from a consortium of lenders, in a […]
The government is planning to roll out the Cape Town Convention Act which will help reduce risks related to asset-based financing and leasing transactions in the civil aviation sector. The main objective of the convention […]
The Ministry of Civil Aviation has cleared the international air connectivity scheme for Guwahati under which Guwahati airport will be connected to seven countries – Singapore, Bangladesh, Bhutan, Nepal, Myanmar, Malaysia and Vietnam. As per […]
ITD Cementation India Limited has won a contract worth Rs 3.58 billion for the construction of a new integrated terminal building, reconstruction of the old terminal building and other modification works at Pune (Lohegaon) airport. […]
The Ministry of Home Affairs has given security clearance for the construction of the Mopa International Airport in North Goa. The airport will be constructed by the special purpose vehicle (SPV) – GMR Goa International […]
The government has prepared a new revival plan for Air India which involves transferring the airline’s working capital debt of about Rs 290 billion to an SPV known as Air India Assets Holding Limited. At […]
The central government has cancelled the routes that were awarded to two airlines – Air Odisha and Air Deccan – under Phase I of the Regional Connectivity Scheme as both the airlines were unable to […]
CDB Aviation has signed a long-term lease agreement with SpiceJet for leasing three of its Boeing 737 Max 8 aircraft. This will help SpiceJet expand operations to international destinations and standardise its fleet. These efficient […]
The government is considering a gas allocation mechanism for electricity generating units by pooling deep sea gas sourced by the Oil and Natural Gas Corporation (ONGC) with imported liquefied natural gas (LNG). It is also […]
The Directorate General of Hydrocarbons (DGH) has begun ranking India’s oil and gas fields. This is being done to bring in competition in the domestic market and help boost domestic output which has been stagnant […]
Bharat Petroleum Corporation Limited (BPCL) plans to shut its 120,000 barrels per day (bpd) crude unit and some secondary units at its Kochi refinery for three weeks starting December 1, 2018. This shutdown is for […]
The Petroleum and Natural Gas Regulatory Board (PNGRB) has invited electronic bids from interested parties for the development of city gas distribution (CGD) networks in the 50 geographical areas (GAs) it is offering under the […]
The US has agreed to grant India a waiver from Iran sanctions. This will allow Indian oil companies to continue to import about 1.25 million tonnes (mt) of oil per month from Iran till March […]
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