By Rajneesh Chopra, Global Head, Business Development, VA Tech WABAG Limited Overview and challenges: Bridging the demand supply gap in Chennai Chennai city, located on the coast of Tamil Nadu, currently has a 426 square […]
About six years ago, GMR Infrastructure Limited (GIL) resorted to what it referred to as an “asset light, asset right” approach. At the time, the company, like several other infrastructure players, started the divestment of […]
It was a month of hectic policy action for the power sector. The government made two key policy announcements aimed at alleviating stress for both thermal and hydropower gencos. The cabinet approved the recommendations of […]
Engineering, procurement and construction (EPC) contractors continue to face challenges that existed even a decade ago. Issues related to land acquisition, availability of skilled labour, biased bidding documents, lengthy procedures for dispute resolution, and price […]
India’s resilient growth over the years has made it one of the fastest growing economies in the world. In the past year, in particular, the country has benefited from softening crude oil prices, benign retail […]
With the aim of reducing its costs and carbon footprint, Indian Railways (IR) has made 100 per cent electrification of its network a key priority. It plans to electrify around 38,000 route km (rkm) between […]
Approved by the union cabinet on March 1, 2019, the Faster Adoption and Manufacturing of Electric Vehicles II (FAME II) initiative is expected to give a shot in the arm to the country’s e-mobility plans. […]
The Ministry of Electronics and Information Technology has approved Wistron’s plan worth Rs 50.91 billion to manufacture high-end Apple devices in India. The move is expected to propel the government’s Make in India initiative. At […]
The CERC has allowed Power Grid Corporation of India Limited (Powergrid) to offer its electricity towers to telecom companies in order to address the issue of deficiency of telecom coverage in remote areas. Powergrid will […]
GVK Infrastructure Limited and its partners – Airports Company South Africa and Bidvest Services – have decided to resolve the issue of selling stake in Mumbai International Airport Limited. Disputes emerged after GVK opposed plans […]
Reportedly, the Piramal Group, Italian road operator Atlantis, and Canadian pension funds Canada Pension Plan Investment Board and Caisse de Depot et Placement du Quebec have entered the final bidding round for acquiring Highway Concessions […]
Suzlon Energy has completed the sale of two of its subsidiaries to CLP Wind Farms (India) Limited. Suzlon is selling the remaining stake in its subsidiaries SE Solar Limited and Gale Solarfarms Limited for a […]
Tata Power’s arm Coastal Gujarat Power Limited (CGPL) has signed a share purchase agreement with Trust Energy Resources Pte Limited, another wholly owned subsidiary of Tata Power, to sell its 100 per cent equity stake […]
Actis LLP, through its renewable energy platform in India, Sprng Energy Private Limited, has completed the acquisition of 194 MW of operating solar power projects of Shapoorji Pallonji Solar Holdings Private Limited (SPSHPL). The value […]
Unitech Limited has sold its power transmission business, Unitech Power Transmission Limited (UPTL), to Sterling and Wilson Private Limited for an undisclosed amount. Unitech Limited has entered into a share purchase agreement with Sterling and […]
Urja Bharat Pte Limited, a consortium of Indian Oil Corporation Limited and its partner Bharat Petro Resources Limited (a subsidiary of Bharat Petroleum Corporation Limited), has won an oil block in Abu Dhabi in its […]
Reliance Communications (RCOM) and Reliance Jio have mutually decided to terminate their asset-sale agreements amidst regulatory and legal hurdles. The agreements were signed on December 28, 2017 and August 11, 2018 and were aimed at […]
The Power Finance Corporation (PFC) has completed the acquisition of a majority stake in the Rural Electrification Corporation (REC). PFC has acquired 1.04 billion shares constituting a 52.63 per cent equity stake held by the […]
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