Revival in passenger traffic Air passenger traffic has grown at a CAGR of around 11 per cent between 2002-03 and 2022-23, driven primarily by domestic traffic. Strong economic growth, burgeoning demand for air travel, and […]
CBRE South Asia Private Limited, India’s leading real estate consulting firm, announced the findings of its latest report, ‘CBRE Industrial & Logistics Figures H1 2023’. The report highlights a 35 per cent year-on-year (y-o-y) surge […]
The Utkela airport received a license from the Director General of Civil Aviation (DGCA) on August 7, 2023, for the commencement of its flight operations. The airport, located in the Kalahandi district of Odisha will […]
The new terminal at Jaiprakash Narayan International Airport in Patna is likely to be completed by 2024. The infrastructural development around the terminal building is in the process of completion. A six-story building for the […]
A project to reduce water consumption at the Sagardighi Thermal Power Station was inaugurated on August 4, 2023. This project is aimed to reduce water consumption by recovery of water through the reduce, recycle and […]
Government of Maharashtra has granted ‘in-principle’ approval for the Indrayani river rejuvenation project. The proposal has now been forwarded to the National River Conservation Director for final approval. The scope of the project includes the […]
As of August 9, 2023, 354 urban water supply schemes worth Rs 27.80 billion are in progress in Jaipur. Of these, 40 drinking water schemes have an estimated cost of Rs 0.05 billion, 25 schemes […]
In a recent development, AG&P Pratham has inaugurated its 13th compressed natural gas (CNG) station in Bagalkot district at Mahalingpur, Karnataka. With this, there are 23 stations in the Bagalkot-Koppal-Raichur geographical area (GA). Besides, it […]
As per the revised funding guidelines, the fund contribution from the Sagarmala Programme (from the Ministry of Ports, Shipping and Waterways (MoPSW) budget) in any project will be limited to 50 per cent of the […]
The Deendayal Port Authority (DPA) and DP World Limited have signed a concession agreement for development of the mega container terminal project at Tuna-Tekra in Kandla Port in Gujarat. The contract for the same was […]
The Indian Register of Shipping (IRS) and Madhya Pradesh Urja Vikas Nigam Limited (MPUVNL) have signed a memorandum of understanding (MOU) for the classification and certification of solar-electric boats. The scope of this MoU covers […]
In a notable development, as on August 1, 2023, Indian Railways (IR) has electrified 59,524 km length of the broad-gauge network. Apart from this, as on August 3, 2023, 50 Vande Bharat services are operational […]
Maligaon-Kamakhya Flyover Project is expected to be inaugurated on August 28, 2023.The project involves construction of 3 km long four-lane flyover at Maligaon connecting Maligaon-Kamakhya road stretch on AT road with extended arm on Pandughat […]
Waaree Energies Limited, a solar panel manufacturer, has raised Rs 10 billion in its second round of equity funding led by ValueQuest. Adding to the existing capacity of 12 GW, the latest round of funding […]
British Columbia Investment, Canadian pension fund manager, is participating in the Rs 40.33 billion offer for sale (OFS) of Brookfield’s stake in Data Infrastructure Trust, an infrastructure investment trust (InvIT) holding telecom tower assets.
Highlights from our programme on Digitalisation of Water Infrastructure held today at The Lalit, New Delhi. The mission of this event was to discuss the new and emerging solutions being explored for water network […]
Pune Municipal Corporation (PMC) approved the Phase II of the Pune Metro Rail Project on August 4, 2023. The project will involve development of the following stretches: Vanaz to Chandni chowk route of 1.112 km […]
Private equity firm, Actis, is set to acquire five HAM road projects from Patel Infrastructure Limited for an equity value of roughly $91 million.The acquired road assets may be integrated into an infrastructure investment trust […]
The Central Electricity Regulatory Commission (CERC) has notified the date of operation of various regulations. Notably, the CERC (Indian Electricity Grid Code) Regulations, 2023; the CERC (Sharing of Inter-State Transmission Charges and Losses) (First Amendment) […]
Adani Energy Solutions Limited (AESL) has announced the financial closure of its $1 billion green high voltage direct current (HVDC) link project. The project will enable ‘greening’ of the Mumbai Grid by supplying more renewable […]
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