The India Grid Trust (IndiGrid) will launch its Rs 30 billion qualified institutional placement (QIP) soon. The fundraising will help the infrastructure investment trust acquire new assets in the power transmission space. The process is […]
The Cabinet Committee on Economic Affairs (CCEA) has accorded in-principle approval for the sale of the central government’s 52.63 per cent stake in the Rural Electrification Corporation (REC) to the Power Finance Corporation (PFC) along […]
Shell Gas, a subsidiary of Royal Dutch Shell plc, has completed the acquisition of a 26 per cent equity stake of Total Gaz Electricite Holdings France (Total) in the Hazira Port LNG Terminal Expansion Project. […]
The share purchase agreement (SPA) signed by Malaysia Airport Holdings Berhad (MAHB) to sell its entire 11 per cent equity stake in GMR Hyderabad International Airport Limited (GHIAL) to GMR Airport Holding Limited has been […]
The Competition Commission of India (CCI) has approved Renascent Power Ventures’ acquisition of a 75 per cent stake in Prayagraj Power Generation Company Limited (PPGCL). It has approved the acquisition of certain equity shares and […]
The board of Infrastructure Leasing and Financial Services Limited (IL&FS) has initiated the process of exploring the divestment of the IL&FS Group’s equity stake in road assets/businesses. These include seven operating annuity-based road projects aggregating […]
Bharti Airtel’s board has decided to sell 32 per cent of its stake in Bharti Infratel (subject to shareholder approval) to Nettle Infrastructure Investments Limited. After the completion of this transfer, the shareholding structure of […]
The Hindustan Construction Company (HCC) has raised Rs 4.98 billion through a rights issue of its equity shares. The issue was oversubscribed with HCC receiving applications worth Rs 5.51 billion. The company will retain Rs […]
The board of the Oil and Natural Gas Corporation (ONGC) has approved a buyback of 252.9 million shares for Rs 40.22 billion as part of the government’s plan to get cash-rich public sector units to […]
Reliance Jio Infocomm Limited (RJIL) has extended the validity of its asset sale pact with Reliance Communications (RCOM) by six months from December 28, 2018 to June 28, 2019. The transactions are to be consummated […]
US-based Global Infrastructure Partners (GIP) has reportedly commenced the process of monetising its road platform, Highway Concessions One Private Limited (HC1). HC1 comprises seven road assets, of which five are toll roads and two are […]
NHPC Limited will acquire Lanco Infratech’s 500 MW Teesta hydroelectric project (HEP) in Sikkim, which was under insolvency proceedings, tentatively for a value of Rs 9 billion after emerging as the successful bidder. The takeover […]
Hero Future Energies is likely to acquire solar power assets from Waaree Energies Limited. The value of the transaction is expected to be Rs 5 billion-Rs 5.5 billion. Currently, Waaree Energies has a 100 MW […]
RJIL has decided to create two wholly owned subsidiaries for its fibre and tower businesses. RJIL’s board has approved the demerger. This move will enable the companies to work as separate infrastructure providers, a company […]
P.K. Mohapatra, director, technical, NTPC Limited, brings to the table over 37 years of experience, ranging from concept to commissioning of power plants. In his current role, he is responsible for investment approval of projects, engineering function of new projects as well as […]
As chief executive officer of Aditya Birla Sun Life Pension Management Limited (ABSLPML) since November 2016, Sashi Krishnan is currently at the helm of affairs of the organisation. ABSLPML acts as the pension fund manager […]
APM Terminals Mumbai has achieved a record of handling more than 2 million twenty-foot equivalent units (TEUs) throughput in 2018 for the first time since the terminal was commissioned in 2006. It is the only […]
Oriental Structural Engineers Private Limited has received the Gold award for two categories in the Annual Awards for Excellence in National Highways organised by the Ministry of Road Transport and Highways (MoRTH). It received the […]
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