MOVIN, a logistics brand launched as a joint venture between UPS and InterGlobe Enterprises, commences operations from its new air cargo hub in New Delhi, enabling seamless connectivity for faster deliveries. The strategic location of […]
Ministry of Road Transport and Highways (MoRTH) and Japan International Cooperation Agency (JICA) have joined forces to introduce five guidelines aimed at enhancing mountainous highway infrastructure in India. The guidelines, which have been made possible […]
DP World, a leading global provider of smart end-to-end logistics, signed the concession agreement on August 25, 2023 with the Deendayal Port Authority to develop, operate and maintain a new 2.19 million twenty-foot equivalent unit […]
IndiGrid completed acquisition of Virescent Renewable Energy Trust (VRET) having a portfolio of 16 solar projects at an enterprise value of Rs 40 billion. A total of 16 solar projects with a capacity of 538 […]
GMR Goa International Airport is expected to raise Rs 24.8 billion through the issue of non-convertible debentures (NCDs) for repaying existing debts and fund capex. The securities will be raised at 10.25 per cent and […]
Mumbai Metropolitan Region Development Authority (MMRDA) is seeking a loan worth Rs 200 billion to develop and finance infrastructure projects across the region. The MMRDA is cash-strapped and plans to spend a significant amount of […]
Shell India is planning to set up liquefied natural gas (LNG) regasification terminal in Gujarat. It will entail an investment of around Rs 5 billion for in the LNG regasification terminal, asset integrity rejuvenation, and […]
The Minister of Ports, Shipping and Waterways has reported that the government will soon put together a bureau of port security for upgrading security across all the ports in the country. Further, all central government […]
The foundation stone for the Datia Airport, Madhya Pradesh was laid on August 21, 2023. The airport is expected to be completed by February 2024. It entails an investment of around Rs 500 million. Developments […]
Reportedly, Indian Railways (IR) plans to invite bids from private companies to lease out 84 surplus plots worth over Rs 75 billion in the next 18 months. This is a part of the land monetisation […]
According to a modification in the policy for level crossings on new line, gauge conversion, doubling and multi tracking projects issued by Railway Board, no level crossings will be included in the planning of a […]
Rajasthan government is set to invest over Rs 52 billion in bolstering its road network during 2023-24. A budget of around Rs 4.62 billion has been sanctioned for 323 road initiatives, encompassing both urban and […]
The Ministry of New and Renewable Energy (MNRE) has notified the green hydrogen standard for India, in a significant move for the progress of the National Green Hydrogen Mission. Green hydrogen has been defined as […]
The Ministry of Power (MoP) has issued a guideline for tariff based competitive bidding (TBCB) process for procurement of power from grid connected wind solar hybrid projects. The objective of the guidelines is to promote […]
iBus has acquired Sheltera Construction International Limited to improve its position in the small cell and optical fibre domains. Through this acquisition, iBus will have access to Sheltera’s portfolio of more than 700 small cells […]
EPACK PREFAB, a Noida based pre-engineered building solution provider, is excited to announce its strategic expansion into Southern India’s burgeoning warehousing sector. With the region’s retail and e-commerce sectors experiencing unprecedented success, EPACK PREFAB is […]
Asian Energy Services Limited (AESL) has received the letter of award (LoA) worth Rs 0.41 billion for seismic data acquisition services from Vedanta Limited. Commenting on the development, Mr. Kapil Garg, managing director, AESL, said, […]
The Uttarakhand cabinet approved a proposal to increase the runway of the Pantnagar airport from 1,372 meters to 3,000 meters on August 24, 2023. This is in line with the airport’s aim to develop into […]
As per reports, the Apeejay Shipping Limited is planning to acquire at least four more ships to reach a combined fleet capacity of 1 mt deadweight tonnage. This will result in about 50 per cent […]
The Maharashtra cabinet approved implementation of the Bhagwan Birsa Munda Jodaraste Scheme on August 18, 2023. The project involves construction of 6,838 km long roads connecting tribal villages to main roads at an estimated cost […]
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