PM-eBus Sewa has been approved by the Union Cabinet, chaired by the Indian prime minister, for expanding city bus service by 10,000 electric buses(e-buses). The augmentation will be done on the basis of public-private partnership […]
A 660 MW unit of NTPC Limited’s Barh super thermal power project (STPP) has been inaugurated in Barh, Bihar. The 660 MW unit is unit 2 of Stage-I of the project. The commissioning of this […]
The Government of Arunachal Pradesh has signed memoranda of agreement (MoAs) with hydro public sector undertakings (PSUs) for execution of 12 stalled hydroelectric projects (HEPs) in the state with cumulative installed capacity of about 11,517 […]
The joint venture of SRV Techno Engineering Private Limited and DSDNA has submitted the detailed project report (DPR) for Karbi Anglong Greenfield Airport. The project involves the construction of a greenfield airport in the Karbi […]
The Kolkata bench of bankruptcy court has approved the resolution plan submitted by the National Asset Reconstruction Company Limited (NARCL) for the twin Srei companies, namely, Srei Equipment Finance and Srei Infrastructure Finance. However, NARCL […]
ChargeMOD, a Kerala-based electric vehicle charging solutions provider, has raised Rs 25 million in a pre-seed investment round. The company has raised this investment from Phoenix Angels. The funds will be utilised to expand the […]
Delhi International Airport (DIAL) is expected to raise up to Rs 7.44 billion in unsecured non-convertible debentures (NCDs). These are expected to have a tenor of seven years. The proceeds of this will be used […]
The Bharatmala Pariyojana Phase 1, aimed at developing 74,942 km of national highways, has encountered significant cost escalations. While only 75.62 per cent of the approved length has been awarded, the project has already utilised […]
The Ministry of Power (MoP) has issued amendment in the standard bidding documents (SBDs) for procurement of inter-state transmission system (ISTS) through tariff based competitive bidding (TBCB) process to include provisions for technical qualification requirement […]
A new integrated cargo terminal was inaugurated at the Pune Airport, Maharashtra on August 6, 2023. It has an annual capacity to handle 37,000 metric tonnes (mt) of domestic cargo and 7,000 mt of international […]
PNGRB in collaboration with the World Bank has initiated study for hydrogen transmission in natural gas pipelines and CGD networks. The study comprises of mapping demand and supply of hydrogen, technical assessment of the existing […]
IR is working towards modernisation of signalling system. As of June 30, 2023, some of the important works done are: • Provision of electrical/electronic interlocking system with centralised operation of points and signals in place […]
The construction work on Ganeshpuram and Manali Bridge projects is likely to be completed by 2024 in Chennai, Tamil Nadu. Ganesapuram Bridge Project involves the construction of a bridge across the subway of Yasarpadi railway […]
Larsen & Toubro Limited (L&T) in collaboration with ReNew and Indian Oil Corporation Limited (IOCL) announced to invest Rs 320 billion for the green hydrogen projects. According to the notification, the main focus is on […]
Oil and Natural Gas Corporation Limited (ONGC) is planning to set up two greenfield oil to chemical projects in the country for converting crude oil to high value chemical products. ONGC plans to explore opportunities […]
In a key development, foundation stone for redevelopment of 508 railway stations has been laid on August 6, 2023. These stations are spread across 27 states and union territories. The new designs will be inspired […]
Brij Gopal Construction Company Private Limited has received Letter of Acceptance (LoA) worth Rs 1,981.52 million for the implementation of ITBP Dubling-Rishi Dogri Lamche Dogri Road High Altitude Hill Road Project. Bids for the same […]
Hinduja Renewables has bagged the Omkareshwar floating solar project of 80 MW in Madhya Pradesh. The company won the second phase of the project at a tariff of Rs 3.89 per kWh. The company has […]
Osaka Gas and Sumitomo Corporation are nearing a deal to buy about a 30 per cent stake in Think Gas that could value the Indian natural gas supplier at as much as $1.5 billion. The […]
Changing market shares of airlines The airline industry has undergone major changes in the past few years. The takeover of Air India, the launch of Akasa Air, the insolvency of Go First and the suspension […]
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