DP World has inaugurated the Mundra-Ahmedabad inland terminal port rail connectivity project in Gujarat. The train was flagged off from Mundra in early-April 2023 in full payload. The project aims to boost the connectivity between […]
The Central Government inaugurated the Kochi integrated water transport project on April 25, 2023. The project involves the development of an integrated water transport system in Kochi in Kerala. It is partially being funded by […]
On April 23, 2023, the MoPSW inaugurated major infrastructure projects in Chennai, Tamil Nadu to augment the capacity of Chennai and Kamarajar Ports in the state. The projects are worth more than Rs 1.48 billion. […]
PNC Infrastructure Limited has received the Letter of Award (LoA) worth Rs 8,190 million from the MoRTH for implementation of Singraur Uphar-Baranpur Kadipur Ichauli Four Lane Highway Project (Package III) (NH-731A) on April 21, 2023. […]
Avaada Group announced that it has raised $1.07 billion to fund its green hydrogen and green ammonia ventures in India as a part of its ongoing $ 1.3 billion fundraise plan. Brookfield Renewable, through its […]
Credit Fair, India based consumer lending fintech firm has partnered with Tata Power Solar Systems Limited (TPSSL) to provide cheap financing alternatives for solar rooftop installations. Credit Fair will provide collateral-free financing solutions with adjustable […]
The Ministry of Power (MoP) has finalised a revised structure of day-ahead national level merit order despatch mechanism. As per the revised mechanism, the merit order for cheapest generating resources across the country to meet […]
The Central Electricity Regulatory Commission (CERC) has decided to expand the scope of operation of the CERC (Ancillary Services Operations) Regulations, 2015 to facilitate availability of adequate reserves with the system operator. Accordingly, the eligibility […]
Power Finance Corporation Limited (PFC) has sanctioned a loan of Rs 6.33 billion to Gensol Engineering Limited (GEL) for the purchase of 5,000 passenger electric vehicles (EVs) and 1,000 cargo EVs. The passenger EVs will […]
Ontario Teachers’ Pension Plan will acquire a 30 per cent equity stake in Mahindra Susten, a cleantech arm of Mahindra Group, for an equity value of Rs 23.71 billion ($300 million). The transaction involves the […]
In order to be competitive with other global economies in terms of infrastructure development, lending in India needs to move beyond the traditional bank credit. The need to supplement public investment with private capital is […]
Arrival and departure flight operations have started at the new integrated terminal building (T-2) of the Chennai airport on April 25, 2023. The arrival of the first flight US-Bangla Airline BS205/206 was witnessed at T2. […]
In an important development, 100 per cent electrification of all railway network in Madhya Pradesh has been achieved. This development is expected to reduce average carbon footprint by 192,446 metric tons per year along with […]
IRB Infrastructure Developers (IRB) has bagged the country’s second largest road monetisation asset – the 158-km Hyderabad Outer Ring Road (ORR) in Telangana. The project is under the TOT model for a revenue-linked concession period […]
American Tower Corporation (ATC) has decided to sell a majority stake in its wholly-owned Indian unit, or even offer up to 100 per cent ownership and exit the country, after its recent attempts to sell […]
The Ministry of Power (MoP) is gearing up in a big way to meet the power demand in the upcoming summer season, with the peak demand expected to hit an all-time high of 229 GW […]
Coastal and inland waterway transportation (IWT) is an energy efficient and eco-friendly means of transport that also helps reduce the cost of domestic freight movement. However, despite its long coastline of 7,500 km, the share […]
Gurugram Metropolitan Development Authority (GMDA) has commenced construction work on the Chandu Budhera (Gurugram) water supply project (Unit 4). The scope of work involves the augmentation of a water treatment plant (WTP) by the construction of […]
The commercial operations at the Dhamra Port liquefied natural gas (LNG) terminal are likely to commence by the end of May 2023. The project has a 20 year take-or-pay contract to provide regasification services to […]
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