Go First filed for insolvency with the National Company Law Tribunal on May 2, 2023, with a loss of Rs 56 billion being incurred by the banks. As of April 28, 2023, its total debt […]
About 90 per cent of construction work has been completed on Mumbai Trans Harbour Link (MTHL) Project. It is likely to open for public use by November 2023. The project involves construction of a six-lane […]
The maiden test trial has been completed on 700-meter test track using the third rail technology for the Agra Metro Rail Project-Phase I. The Agra metro project involves development of 30 km long metro rail […]
Foundation stone was laid for Bhogapuram greenfield international airport on May 3, 2023. The total cost of the airport is Rs 45.92 billion. It will focus on the overall development of the north Andhra Pradesh […]
The dependency on tankers and groundwater is expected to reduce in Jaipur with the implementation of the Bisalpur-II project. Currently, the Public Health and Engineering Department (PHED) deploys around 600 to 700 tankers daily in […]
As per ICRA, the centre intends to accelerate the construction of roads in 2023-24 by 16-21 per cent to 12,000-12,500 km, with a healthy pipeline of projects and an increase in capital expenditure outlay. The […]
NTPC Limited has marked its first overseas capacity addition, beginning with Bangladesh. The group has added Unit-1 of 660 MW capacity at the 1,320 MW (2×660 MW) Maitree super thermal power plant located in Rampal, […]
The Ministry of Power (MoP) has given its approval for the implementation of revamped distribution sector scheme (RDSS) in the Union Territory of Ladakh with a sanctioned cost of Rs 6.87 billion. The scheme includes […]
The Ministry of Coal has conceptualised an action plan for 2023-24 with the goal of enhancing the production, efficiency, and sustainability of the coal sector. The ministry has set a total coal production target of […]
I Squared Capital and Hinduja Renewables Energy Private Limited are the two remaining bidders for TPG Capital’s 52 per cent stake in Hyderabad-based Fourth Partner Energy Private Limited, which is valued at approximately $350 million. […]
Recently, trial run commenced on Kavi Subhas-Hemanta Mukherjee stretch of the Kolkata Metro Expansion Project. The project involves expansion of the existing metro rail network in Kolkata in the state of West Bengal by 88.55 […]
Darbhanga airport has become the top airport in India under the Ude Desh ka Aam Nagrik (UDAN) scheme. The airport has the longest runway of 9,000 feet in Bihar. The current area of the terminal […]
The construction work on the Khadakwasla dam- Fursungi water tunnel in Pune is likely to commence from March 2024. Besides, the District Water Resource Department is planning to use funds from the Maharashtra Krishna Valley […]
The North Guwahati water supply project is likely to partially start operations from mid-2023. The project is undertaken by the Guwahati Metropolitan Development Authority and the scope of the project includes providing 37 mld water […]
The consortium of Reliance Industries Limited (RIL) and BP has sought bids for 6 million standard cubic meters a day (mmscmd) of natural gas from its KG D6 block off the eastern coast. The electronic […]
Indian Oil Corporation Limited (IOCL), reportedly, is planning to set up a green aviation fuel plant in India to meet the surging demand for eco-friendly aviation fuel. According to a recent report by Bloomberg, the […]
Oil India Limited (OIL) and Assam Gas Company Limited have signed an agreement to form joint venture (JV) for city gas distribution networks in six districts of Assam and Tripura. The JV will lay, build […]
India’s major ports handled 65.87 million tonnes of cargo traffic in April 2023, an increase of 1.30 per cent as compared to April 2022. The increase in cargo traffic is primarily driven by an increase […]
According to the Logistics Performance Index Report, 2023 by the World Bank, Jawaharlal Nehru Port Authority (JNPA) has a turnaround time of only 22 hours (equivalent to 0.9 days). The operational efficiency of the terminal […]
Indian Railways (IR) will increase the sectional speed of 53 important broad-gauge routes across the country to 130 km per hour. The move is expected to reduce the travel time and enhance the operational efficiency […]
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