Actis LLP has dropped its plan of acquiring Essel Infraprojects Limited’s (EIL) solar power projects. Earlier, in May 2018, Actis was in talks to buy 685 MW capacity of EIL’s installed and under-construction solar power […]
Vodafone Idea Limited (VIL) is in talks to sell its stake in Indus Towers and monetise its optic fibre assets for Rs 200 billion. The funds will be used by the operator to reduce its […]
GMR Infrastructure Limited has formed a subcommittee of its board to look into the possibility of spinning off its airport business. The new panel will evaluate options of demerging the airports business as the company […]
PTC Financial Services (PFS) is setting up India’s first infrastructure development debt fund, solely for renewable energy projects, in partnership with UK Climate Investments LLP (UKCI) and the Department for International Development (DFID), UK. The […]
The Jet Airways’ board approved a resolution plan for the cash-strapped airline on February 14, 2019, to meet a funding gap of Rs 85 billion through a mix of equity infusion, converting debt into equity, […]
The Adani Group has emerged as the highest bidder to operate six airports in the country on a public-private partnership (PPP) basis. The company has offered per passenger fees of Rs 177, Rs 174, Rs […]
GMR Airports Limited has emerged as the highest bidder for the development, operation and management of the Bhogapuram greenfield international airport on a PPP basis. The company offered the highest fee of Rs 303 per […]
The central government inaugurated the new civilian terminal developed at the Hindon airbase in Ghaziabad on March 8, 2019. The airbase, jointly owned by the Indian Air Force and AAI, has been developed by AAI […]
The central government laid the foundation stone for the Jewar greenfield international airport in Greater Noida on March 9, 2019. Earlier, on March 1, 2019, the Noida Authority had announced a budgetary allocation of Rs […]
The Ministry of Civil Aviation has finally given consent to Vistara Airlines’ proposal for launching international operations. The airline had planned to commence international operations in 2018 after meeting the requirement of 20 aircraft and […]
Jet Airways, which is reeling under a financial crisis, has defaulted on aircraft lease rental payments owed to MC Aviation Partners since October 2018, though the aircraft lessor is yet to issue a repossession notice […]
The Cabinet Committee on Economic Affairs (CCEA) has approved the Pradhan Mantri JI-VAN [Jaiv Indhan-Vatavaran Anukool fasal awashesh Nivaran] Yojana. The programme will provide financial support to integrated bioethanol projects using lignocellulosic biomass and other […]
The central government signed the contract for award of 23 contract areas to 14 companies under the second round of auctions of Discovered Small Fields (DSF-II) on March 7, 2019. A total of 14 companies […]
The MoPNG distributed letters of intent to 12 successful entities for 50 geographical areas (GAs) under the tenth CGD bidding round, recently awarded by the Petroleum and Natural Gas Regulatory Board. The successful bidders are […]
The Ministry of Shipping has issued guidelines for setting up floating storage and regasification units (FSRUs) for handling liquefied natural gas (LNG) cargo at major port trusts. These include adoption of the land licence model […]
The Ennore LNG terminal project was inaugurated on March 6, 2019. The project has been developed by IOCL through Indian Oil LNG Private Limited, a special purpose vehicle (SPV), incorporated for the project. It involved […]
The MoPNG has launched the dealer-owned dealer-operated model for setting up compressed natural gas (CNG) stations. The general guidelines for the schemes under which the entire earmarked dealer plots will be developed exclusively for setting […]
The cabinet was apprised of the MoPNG joining the International Energy Agency’s Technology Collaboration Programme on Bioenergy (IEA Bioenergy TCP) as its 25th member on January 25, 2019. IEA Bioenergy TCP is an international platform […]
The central government inaugurated cargo berth nos. 14 and 16 at Deendayal port on March 8, 2019. The berths will add a combined capacity of 9 mtpa (4.5 mtpa each) at the port. Developed at […]
The central government has laid the foundation stone for the development of a free trade warehousing zone (FTWZ) at the Jawaharlal Nehru Port Trust (JNPT). The FTWZ is being developed by Hindustan Infralog Private Limited, […]
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