IndiGrid has approved a proposal to acquire Gurgaon Palwal Transmission Limited (GPTL), valued at Rs 10.8 billion, from Sterlite Power Transmission Limited. The acquisition will increase the assets under IndiGrid’s management by 10 per […]
Rapid urbanisation has led to a significant increase in water utilisation, sewage generation and the need for water infrastructure projects to reduce consumption while managing water and waste water treatment better. Ion Exchange assesses and […]
Adani Transmission Limited (ATL) has raised $90 million on a private placement basis to cater to the growing demand for power by expanding its transmission network. The $90 million US-denominated fund has been raised by […]
Fourth Partner Energy has received a loan of Rs 5 million from Grameen Impact India, a non-banking finance corporation registered under RBI, towards its Power@1 programme for 18 months. The company will use the funds […]
JICA signed an agreement with the central government to provide an ODA loan of Rs 85.53 billion for Phase I of the Dedicated Freight Corridor Project’s Western Corridor on March 27, 2020. The loan has […]
The Japan International Cooperation Agency (JICA) and the Government of India have signed official development assistance (ODA) loan agreements for Tranche II for the Mumbai Trans Harbour Link (MTHL) project and the North-East Road Network […]
The World Bank has approved a $500 million project to build safe and green national highway corridors in the states of Rajasthan, Himachal Pradesh, Uttar Pradesh and Andhra Pradesh. The project will also enhance […]
The centre has decided to offer tax benefits to global pension funds on their investments in the infrastructure sector as it seeks to attract investments in the road, port and airport sectors. The decision, which […]
The Reserve Bank of India (RBI) has slashed interest rates by 75 basis points in an emergency move to revive economic growth hit by the coronavirus pandemic and the nationwide lockdown. The central bank cut […]
JICA and the central government signed an ODA loan agreement, on March 27, 2020 for funds worth Rs 33.41 billion (Yen 53,895 million) for the Mumbai metro, Phase I, Line 3, project and the Ahmedabad-Gandhinagar […]
The Uttar Pradesh Metro Rail Corporation is planning to add six metro corridors under the Lucknow metro project. The corridors are the Secretariat-CG City South corridor, the Chaudhary Charan Singh International Airport-Atal Bihari Vajpayee Stadium […]
The urban local bodies of Haryana have cancelled the request for proposal bids for selection of a contractor for the implementation of the Ambala-Karnal integrated solid waste management project. The project involves the collection, transportation, […]
The Indian Hume Pipe Company Limited-led consortium received work orders from the Public Health Engineering Department, Rajasthan, for the implementation of two water supply projects in the state. The first contract, worth Rs 2.96 billion, […]
JICA signed an ODA loan agreement worth Rs 18.64 billion (Yen 29.08 billion) with the Government of India for the Nag river pollution abatement project on March 27, 2020. The annual interest rate for the […]
Handset manufacturer, Oppo, Vivo and Samsung have temporarily suspended production at their respective Greater Noida facilities due to the coronavirus outbreak. Further, Xiaomi, Lenovo-Motorola and Lava have also temporarily shut down their handset factories in […]
Vodafone Idea, Reliance Jio and Bharti Airtel have extended the validity of their prepaid plans, availed by low-income customers till May 3, 2020. Further, the two telcos have credited Rs 10 in the prepaid account […]
Airtel is taking various measures to accelerate network roll-outs and upgrade quality of service wherever possible amidst the COVID-19-induced lockdown. Further, Airtel has also reviewed contingency plans of all its partners, managed service providers, tower […]
Telecom operators have reached out to the government requesting it to allow a self-KYC process in order to issue new SIM cards and port phone numbers digitally. The move comes as the lockdown has not […]
NHAI has cleared bills worth about Rs 250 billion owed to contractors in March 2020. The authority has launched a drive to ensure that all pending payments are cleared. While there were issues pertaining to […]
The Telecom Regulatory Authority of India has allowed a six-week extension to telcos for filing their monthly and quarterly reports, as a part of regulatory compliance. The move comes in the wake of the national […]
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