The government has netted over Rs 1.5 trillion during the recently concluded 5G spectrum auctions. The spectrum auctions concluded after seven days, driven by healthy bidding for 1800 MHz airwaves in the key Uttar Pradesh […]
Bangarupalem Gudipala Highways Private Limited, a subsidiary of Dilip Buildcon Limited, achieved financial closure for implementation of Package III of the Bengaluru-Chennai Eight Lane Expressway Project (Phase II). Package III involves four laning of a […]
The bankruptcy court has approved Prakash Asphaltings & Toll Highways (India) Limited’s resolution plan for Rajahmundry Godavari Bridge Limited. The Mumbai bench of the National Company Law Tribunal approved the revival plan after the lenders […]
Larsen & Toubro is selling eight operational road assets to Edelweiss Infrastructure Yield Plus, an infrastructure fund managed by Edelweiss Alternative Asset Advisors, for Rs 70 billion in enterprise value. The transaction is still awaiting […]
The National Investment and Infrastructure Fund has announced a $380 million (Rs 30.35 billion) investment in Navayuga Quazigund Expressway Private Limited (NQEPL) for an undisclosed stake. The NIIF made the investment in NQEPL, a build-operate-transfer […]
Construction work on the Sultanpur-Varanasi Four Laning Highway Project (NH-56) is expected to be completed by December 2022. The project involves four laning of the Sultanpur-Varanasi section of NH-56 from km 134.7 (design chainage 134.7 […]
Anusha Projects Private Limited has emerged as the lowest bidder (L1) for implementation of the Mudigubba-Puttaparthi Two Laning Road Project (NH-342). The company had quoted an amount of Rs 2,023.4 million. The project involves two […]
H.G. Infra Engineering Private Limited has received the completion certificate for Package IV of the Delhi-Vadodara Eight-Lane Expressway Project (NH-148N) [part of the Delhi-Mumbai Expressway] [Bharatmala Pariyojana]. It was declared fit for operation on June […]
The central government inaugurated the Bundelkhand Six-Lane Expressway Project (NH-35/76, NH-91) on July 16, 2022. The project, being implemented by the Uttar Pradesh Expressways Industrial Development Authority, involves the construction of a 296 km long […]
During April-June 2022, the construction of national highways slowed down to 20.43 km per day. As of July 2022-23, MoRTH has constructed 2,493 km of national highways, compared to 2,930 km in July 2021-22. During […]
Southern Railway (SR) has managed to save Rs 549.9 million by harnessing alternative sources of energy. It has saved Rs 64.5 million by generating 16.3 MUs of solar power from 2017 till July 2022. Solar […]
IR has reduced the discounts it offers for ferrying empty containers and flat wagons, thereby increasing the overall charges it levies. Under the revised rates, there will be a discount of 10 per cent. This […]
The Japan International Cooperation on July 25, 2022 Agency signed a loan agreement with the Government of India to provide an official development assistance loan of Rs 60 billion (YEN 100 billion) for the Mumbai-Ahmedabad […]
In an important development, IR has formalised charges for roll-on/ roll-off (ro-ro) services offered to transporters. Reportedly, the rates are comparable to road tariffs. The freight charges will be applicable for all Ro-Ro services offered […]
IR has conducted a test run of the 3.5 km long freight train, Super Vasuki, on August 15, 2022. It had 295 loaded wagons and was carrying more than 27,000 tonnes of coal between Korba […]
Continuing the trend of increased freight loading, IR has recorded the highest ever July monthly freight loading in 2022-23. The freight loading for July 2022 stands at 122.14 mt, 8.25 per cent higher than the […]
NTPC Limited has fully commissioned the 296 MW Fatehgarh solar project in Jaisalmer, Rajasthan; the 250 MW Kolyat, Bikaner (Shambu ki Burj-1) solar photovoltaic (PV) project in Bikaner, Rajasthan; and the 56 MW Kawas solar […]
The Tenth Annual Integrated Rating and Ranking of Power Distribution Utilities has been released. The scope of the exercise has been broadened to cover 71 utilities. A total of 12 discoms have made it to […]
The central government has rolled back an emergency order, issued on May 26, 2022, which mandated power plants to import 10 per cent of their coal requirement and blend it with domestic supply. The order […]
The MoP has issued the draft Electricity (Amendment) Rules, 2022. The ministry has suggested creating a central pool of renewable energy sources. From this pool, an intermediary company can procure power to be supplied to […]
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