KKR and the Hero Group have signed definitive agreements to invest $450 million in Hero Future Energies (HFE), the renewable energy arm of the Hero Group. This investment in HFE is from KKR’s Asia Pacific […]
Sterlite Power has announced that it will be deferring its Rs 12.5 billion IPO in view of the current volatility in the stock market. In August 2021, the company had filed a draft red herring […]
The Securities and Exchange Board of India (SEBI) has allowed companies planning a stock market listing to submit a confidential “pre-filing” document. The market regulator also mandated enhanced disclosure norms for IPO-bound new tech companies, […]
CPP Investments has announced a Rs 3.57 billion (CAD 60 million or $43 million) equity investment in the National Highways Infra Trust. Following this transaction, CPP Investments will continue to hold 25 per cent of the units in […]
The National Highways Authority of India (NHAI)-sponsored infrastructure investment trust (InvIT), the National Highways Infra Trust has filed draft papers with the market regulator for a Rs 15 billion NCD issue. This involves the public […]
Mahanagar Telephone Nigam Limited (MTNL) has received shareholders’ approval to raise up to Rs 175.71 billion through government-guaranteed debt bonds on a private placement basis. MTNL shareholders have also enhanced the power of the board, […]
GMR Airports has raised Rs 11.1 billion from JP Morgan Securities and Morgan Stanley India Primary Dealer Private Limited to make payments on bonds due on September 24, 2022. With a due payment of Rs […]
Reliance Jio is planning to raise $2.5 billion (about Rs 206 billion) through an offshore syndicated loan to buy 5G network gear from Ericsson and Nokia. To this end, Jio is in talks with the […]
Orb Energy, a vertically integrated provider of solar energy solutions in India, has received a $20 million follow-on loan from the United States International Development Finance Corporation to support its in-house financing facility for rooftop […]
Budaun Hardoi Road Private Limited, Hardoi Unnao Road Private Limited and Unnao Prayagraj Road Private Limited – wholly owned subsidiaries of Adani Enterprises – have achieved financial closure for the access-controlled six-lane greenfield Ganga Expressway […]
Integrated Industrial Township Greater Noida Limited (IITGNL) has allocated funds worth Rs 8.14 billion for the construction of a 3.5 km long rail line to connect the multimodal logistics hub and the multimodal transport hub (MMTH) with the dedicated freight corridor (DFC) line at New Dadri railway station under the Delhi-Mumbai Industrial Corridor […]
The central government sanctioned a project worth Rs 9.96 billion to construct the third railroad bridge over the Brahmaputra in Guwahati. This is yet another initiative taken by the government to increase connectivity in the Northeast and Assam, […]
The Ministry of Railways has sanctioned funds worth Rs 283.1 million for the acquisition of land in four villages of Haridwar district for the Deoband (Muzaffarnagar)-Roorkee new line project. The project involves the construction of a 30 km long new broad gauge line connecting Deoband (Muzaffarnagar) to Roorkee in […]
Brihanmumbai Municipal Corporation (BMC) is planning to conduct a survey of 227 stormwater drain (SWD) outfalls across Mumbai. With this, BMC plans to assess and prevent the flow of sewage into creeks, rivers and the […]
NITI Aayog is working on draft recommendations to promote water trading and setting up of a water regulation authority. It is expected to put out a draft for public consultations, pitching all options, including futures […]
The executive committee of the National Mission for Clean Ganga has approved 14 projects pertaining to sewerage management, industrial pollution abatement, biodiversity conservation, afforestation, riverfront development and decentralised wastewater treatment, entailing an investment of Rs […]
Based on an exercise carried out under the Jal Jeevan Mission, at an event held on October 2, 2022, Puducherry and Goa were felicitated in the “more than 60 per cent tap water coverage” category, […]
Various aspects of the oil and gas, and water sectors are advancing towards digitalisation in different ways. The pipeline networks of these sectors require advanced technological methods during construction, monitoring, inspection and testing, as well […]
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