In a notable development, Indian Oil Corporation Limited (IOCL) has acquired Mercator Petroleum Limited in an insolvency proceeding for Rs 1.48 billion. MPL had won an oil and gas exploration block, CB-ONN-2005/9 in Cambay basin, […]
On November 9, 2023, the Chennai Port Authority (CPA) signed a memorandum of understanding (MoU) with Littoral Cruises Limited to enhance cooperation and encourage cruise shipping in India. The cruise will start its service in […]
The Ministry of Environment, Forest and Climate Change (MoEFCC) granted terms of reference (ToR) for the Subarnarekha Port project- phase I on November 2, 2023. The current environmental clearance (EC) and coastal regulation zones (CRZ) […]
The Gujarat Maritime Board (GMB) is planning to enhance capacity, efficiency, safety, and sustainability of its port operations. A master plan and implementation plan is to be prepared for the non-major ports up to the […]
In a bid to strengthen India’s railway communication and information technology infrastructure, REC Limited will provide Rs 300 billion funding to RailTel Corporation of India. The memorandum of understanding, signed on November 9, 2023, will […]
Reportedly, South Western Railways (SWR) has registered gross revenue of Rs 42.88 billion in the April-October period of 2023-24, 10.44 per cent higher than the gross revenue registered in the corresponding period last year (Rs […]
The National Highways Infrastructure Trust (NHIT) has sanctioned the base price for acquiring five highway stretches from the NHAI. This price, determined by an independent valuer and presented in a sealed cover to NHAI, initiates […]
The joint venture (JV) of Rajendra Singh Bhamboo Infra Private Limited and M/s Anil Das has received the letter of award (LoA) worth Rs 3,646.8 million for implementation of Porvorim Six Lane Elevated Corridor Project […]
The construction work on the Lucknow Four Lane Outer Ring Road (ORR) Project is likely to complete by December 2023. About 80 per cent work has been completed on Behta (next to Mohan)-Sitapur highway (next […]
Ciel & Terre India has recently completed a 10.765 MWp floating solar plant for Tata Steel in Jamshedpur, Jharkhand. The plant is comprising of two segments, each with an array island capacity of 5.44 MWp. […]
NHPC has declared winners of its auction to set up 3 GW of interstate transmission system-connected solar power projects. While the tender was oversubscribed with 15 bidders, the reverse auction finally resulted in allocation of […]
SJVN Limited’s auction to supply 1.5 GW of power from ISTS-connected renewable energy with energy storage has been won by seven bidders. The winning tariffs are in the range of Rs 4.38 to 4.39 per […]
Avaada Energy has won 1,400 MW DC solar project from NHPC Limited at a tariff of Rs 2.53 per kWh. The project has been won under tariff-based competitive bidding process. Avaada Energy will sign power […]
World Bank has signed USD200 million project with the Government of India and the Government of Himachal Pradesh that will facilitate power sector reforms in Himachal Pradesh and increase the share of renewable energy in […]
SJVN Limited has received a letter of intent for purchase of 200 MW solar power from Uttarakhand Power Corporation Limited (UPCL). UPCL will purchase 200 MW power at a tariff of Rs 2.57 per unit […]
The Ministry of Power (MoP) has issued an advisory encouraging all states/generation companies (gencos) to participate in corporate insolvency resolution process for taking over stressed thermal power assets. The MoP has asked state-owned power gencos […]
NTPC Renewable Energy Limited has announced the commissioning of the first part capacity of 50 MW out of 150 MW Dayapar Wind Energy Project Phase-I at Dayapar, Bhuj, Gujarat. As part of the order, Inox […]
The British International Investment (BII) has made a partial exit from an Indian logistics company TVS ILP, allowing Lingotto, an international investment company owned by Exor. N.V to buy out its stakes. The financial details […]
Inox Wind Energy Limited (IWEL) has raised Rs 8 billion through sale of equity shares of Inox Wind Limited (IWL) via block deals on the stock exchanges. The transaction witnessed strong participation across long-only domestic […]
Reliance Industries Limited plans to raise up to Rs 200 billion in its largest ever domestic bond sale, marking the biggest such domestic issuance by a non-banking, financial services and insurance (BFSI) private entity in […]
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