IL&FS has completed the transfer of its fifth road asset – Pune Sholapur Road Development Company Limited (PSRDCL) – to Roadstar Infra Investment Trust (InvIT) at a cost of Rs 20 billion, as part its […]
The Ministry of Power (MoP) has conveyed to all state electricity regulatory commissions (SERCs) to take appropriate action for determination of green tariff, implement the green open access rules notified by it, and align open […]
Welspun One Logistics Parks (WOLP), the logistics fund and development management platform of the Welspun Group, has reached the initial close of its second alternative investment fund after raising approximately one-fourth of the corpus. The […]
Adani Enterprises and Adani Transmission will raise Rs 210 billion via qualified institutional placement (QIP). While Adani Enterprises has stated that it will raise Rs 125 billion, Adani Transmission will raise Rs 85 billion. The […]
The Indian government has designated IDBI Capital, BOB Capital, and SBI Capital to oversee the Indian Renewable Energy Development Agency’s (IREDA) initial public offering (IPO). IDBI Capital is the transaction’s principal banker. Additionally, Saraf and […]
India’s daily peak power demand has reached 221 GW, recording the highest daily peak ever in the history of the country on May 17, 2023. Notably, the country’s power consumption was expected to reach 220 […]
Reportedly, NTPC Limited is set to embark on a feasibility study for a 130 MW floating solar power plant on Dumbur Lake in Gomati district, Tripura. This initiative aims to significantly bolster the state’s renewable […]
The Board of Directors of Larsen & Toubro (L&T) at its meeting held on May 10, 2023, decided to confer the status of Chairman Emeritus on A M Naik after he decided to step down […]
Timken India Limited, a leader in engineered bearings and industrial motion products, announced construction of a new manufacturing facility at its existing industrial campus in Bharuch, Gujarat. Company officials participated in a ceremony, laying the […]
Jharkhand Renewable Energy Development Agency (JREDA) is seeking consultants to execute a bathymetry survey and soil test report for a 600 MW floating solar power project at Chandil Dam in Jharkhand.The survey’s goals include determining […]
The plant will manufacture Timken® spherical and cylindrical roller bearings BHARUCH, Gujarat, May 12, 2023 — Timken India Limited, a leader in engineered bearings and industrial motion products, today announced construction of a new manufacturing […]
Virescent Renewable Energy Trust (VRET) announced the signing of definitive agreements under which IndiGrid will acquire all the units under Virescent. This comes after a competitive sales process that drew interest from a number of […]
The government-backed National Bank for Financing Infrastructure and Development (NaBFID) may sanction close to Rs 1 trillion ($12.23 billion) in loans in 2023-24. The infrastructure lender has sanctioned in-principle loans worth Rs 450 billion so […]
Under the bankruptcy law, the government could permit the partial transfer of a corporate debtor only if the distressed entity fails to secure a complete rescue plan. The proposed action is part of broader government […]
Macquarie Capital has bought a stake over 51 per cent stake in Mumbai-based network-as-a-service provider CloudExtel for about $100 million (about Rs 8.21 billion), making it the first such deal in the active telecom infrastructure […]
NLC India Limited’s board has approved raising up to Rs 50 billion through issuance of debentures in tranches during 2023-24. The company’s board has also approved a proposal for incorporation of a wholly-owned subsidiary company […]
Oil and Natural Gas Corporation (ONGC) has made oil and gas discoveries in two blocks that it bagged under the Open Acreage Licensing Policy (OALP). ONGC has made discoveries of oil and gas in MBS171HAA-1 […]
Essar Oil and Gas Exploration and Production (EOGEPL) has announced an investment in microbial eCBM technology to increase coal-bed methane (CBM) production from its West Bengal CBM block. The company, which has already invested Rs […]
ACME Group and Indraprastha Gas Limited (IGL) have signed a memorandum of understanding (MoU) to jointly explore the potential business opportunities of green hydrogen. ACME and IGL will work jointly to promote the adoption by […]
On May 9, 2023, JSW Infrastructure filed a draft red herring prospectus (DRHP) for Rs 28 billion its initial public offering (IPO) with the Securities and Exchange Board of India (SEBI). The ports business of […]
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