The Container Corporation of India Limited (CONCOR) has signed a memorandum of understanding (MoU) with NTPC Vidyut Vyapar Nigam Limited (NVVN), a wholly owned subsidiary of NTPC to set up solar power plants at CONCOR […]
As of October 31, 2023, KAVACH system has been deployed on 1,465 route kilometers (rkm) and 139 locomotives on three sections of the South Central Railway (SCR). The sections included are Lingamapalli-Vikarabad-Wadi and Vikarabad-Bidar section […]
The East Central Railway (ECR) is expected to achieve 100 per cent of track electrification by end-December 2023. Currently, 98 per cent of electrification work on five divisions – Danapur, Sonepur, Samastipur, Dhanbad and Pt […]
The expenditure on rail safety has increased from Rs 604.5 billion in 2018-19 to Rs 791.09 billion in 2022-23. During 2022-23, the centre allocated Rs 67.69 billion for rail safety, while the northern and southern […]
Canada’s CDPQ and UK based Actis are in the final stages of discussions to acquire the build-operate-transfer (BOT) toll road assets of Ashoka Concessions, a subsidiary of highways builder Ashoka Buildcon. The sale process began […]
PNC Infratech Limited has emerged as lowest bidder (L1) for implementation of Maharani Laxmibai Pratima-A.B. Four Lane Elevated Corridor/Flyover Project (NH-46). The company has quoted an amount of Rs 6,990 million. Besides, Ranjit Buildcon Limited […]
About 82.5 per cent of construction work has been completed on the Mumbai Coastal Road Project. The Government of Maharashtra (GoM) has set the deadline to complete the project by end January 2024, but, the […]
The Ministry of Road Transport and Highways has formulated the voluntary vehicle fleet modernisation programme (V-VMP) or vehicle scrapping policy to create an ecosystem for the phased-out retirement of unfit and polluting vehicles in an […]
NTPC Limited has issued a request for proposals to select solar power generators for 1,500 MW inter-state transmission system connected wind-solar hybrid projects, tranche IV. To be located anywhere in India, the projects will be […]
A joint venture between H2B2 Electrolysis Technologies and GR Promoter Group, GreenH Electrolysis has announced that it signed a contract with Medha Servo Drives in October 2023 to develop a hydrogen production and refueling station. […]
The Asian Development Bank has given its approval for a $250 million policy-based loan aimed at enhancing the financial sustainability of India’s power sector and promoting the transition towards renewable energy. This loan would support […]
Adani Group has announced the establishment of the world’s largest green energy park in the Rann of Kutch, Gujarat. The project will cover 726 square km in of land the Rann desert, and is set […]
The Uttarakhand government has allocated development of five hydroelectric projects (HEPs) and pumped storage projects (PSP) to THDCIL-UJVNL Energy Company Limited, a joint venture between THDC India Limited and Uttarakhand Jal Vidyut Nigam Limited (UJVNL). […]
The Ministry of New and Renewable Energy has released the ‘National Repowering & Life Extension Policy for Wind Power Projects 2023.’ This policy allows for the upgrading of older generation turbines with more efficient ones […]
Mapletree Logistics Trust is considering the acquisition of a Grade A warehouse at Farukhnagar, New Delhi for Rs 900 million (S$14.5 million). This represents a 2.4 per cent discount to the asset’s independent valuation of […]
Fairfax India Holdings Corporation has acquired a 7 per cent additional stake in the Bangalore International Airport Limited from Siemens Project Ventures GmbH, with the deal amounting to $175 million. This comes after the previous […]
Adani Green Energy Limited (AGEL) is planning to raise $410 million through a new bond issuance to refinance a dollar bond set to mature in about a year. The refinancing plan for Adani Green’s $500 […]
In accordance with the government’s Revamped Distribution Sector Scheme (RDSS), REC Limited and KfW have inked a $215 million financing agreement to improve the distribution infrastructure of distribution companies (discoms). This signifies REC’s sixth credit […]
The Reserve Bank of India’s (RBI) monetary policy committee (MPC) has kept the repo rate unchanged at 6.5 per cent for the fifth policy meeting in a row. Consequently, the standing deposit facility (SDF) rate […]
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