Powergrid’s board has approved investments totalling Rs 22.02 billion for various power transmission projects. The board of directors approved investments for the Transmission System Strengthening Scheme for the evacuation of Power from Solar Energy Zones […]
Nuclear Power Corporation of India Limited (NPCIL) has planned a capex of Rs 180 billion on ongoing projects for the financial year ending March 2022. Around 30 per cent of the capex will be through internal […]
The board of Hindustan Construction Company Limited (HCC Limited) has approved a debt resolution plan in a bid to reduce the firm’s debt, worth over Rs 100 billion. The plan will be subject to necessary […]
According to a report released by the Ministry of Statistics and Programme Implementation, of 1,737 infrastructure projects, 470 reported cost overruns and 525 were delayed. The total original cost of implementation of the 1,737 projects was Rs 22.33 trillion and their anticipated completion cost is […]
The Adani Group has started initial discussions to hive off its airport business from holding firm Adani Enterprises Limited as a first step toward listing the unit. With investments in infrastructure, transportation, utilities and energy, […]
AGEL has signed share purchase agreements for 100 per cent acquisition of SB Energy Holdings Limited, which has a 4,954 MW portfolio of renewable energy projects in India. AGEL will acquire an 80 per cent stake […]
The Kotak Special Situations Fund has announced its eighth deal to acquire a 74 per cent stake in the stressed HKR Roadways Limited, owned by a consortium led by Gayatri Projects Limited. The alternative […]
Adani Renewable Energy Holding Four Limited, a wholly owned subsidiary of Adani Green Energy Limited (AGEL), has transferred Mundra Solar Energy Limited’s (MSEL) 74 per cent shareholding to Adani Tradecom LLP. This entailed the […]
The Assam government has handed over a cheque of Rs 5 billion to Oil India Limited (OIL) to enhance its share in Numaligarh Refinery Limited (NRL) to 26 per cent from 12.5 per cent. The […]
The government-owned Punjab National Bank (PNB) will acquire a stake in the soon-to-be-set-up National Asset Reconstruction Company Limited (NARCL). PNB has already identified non-performing assets (NPAs) worth Rs 80 billion to be transferred to the […]
Go Airlines is likely to launch its initial public offering (IPO) in August 2021 and expects SEBI to clear the proposal by July 31, 2021. The company has filed its draft red herring prospectus with […]
NHAI has received approval from the Securities and Exchange Board of India (SEBI) to launch its maiden InvIT to raise Rs 51 billion. NHAI plans to offer 19 projects worth Rs 350 billion under the […]
The Solar Energy Corporation of India (SECI) has floated a tender for setting up 1.2 GW of wind power projects under Tranche XI of the interstate transmission system (ISTS)-connected projects in India. The discoms of […]
Maharashtra State Electricity Distribution Company Limited has issued a tender for setting up 500 MW of distributed solar projects under component A of the Pradhan Mantri Kisan Urja Suraksha evam Utthan Mahabhiyan (PM-KUSUM) Scheme. The […]
Vector Green Energy Private Limited, a private-equity backed firm, is raising about Rs 12 billion via green bonds in the domestic market. The company will use the proceeds to pay off long-term debt and fund […]
The Asian Development Bank (ADB) and the Government of India have worked out a $2.5 million project readiness financing (PRF) loan to support project preparation and design activities for upgrading major district roads in […]
The National Highways Authority of India (NHAI) has planned infrastructure development works worth Rs 14.17 billion in Punjab for the current fiscal. The annual plan for the state will cover a 295 km network of […]
The Ministry of Finance has released the third monthly instalment of its revenue deficit grant of Rs 98.71 billion to 17 states. With the release of this instalment, a total of Rs 296.13 billion has […]
The Government of India has released Rs 16.05 billion to eight north-eastern states for the implementation of the Jal Jeevan Mission (JJM) to supply tap water to rural homes in 2021-22. This is the […]
The Reserve Bank of India (RBI) will purchase bonds worth Rs 1.2 trillion in the September quarter under its G-Sec Acquisition Programme (GSAP) 2.0 as part of its efforts to ensure ample liquidity in […]
COPYRIGHT © 2016- 2022 | INDIAN INFRASTRUCTURE