As per reports, the Centre may come up with a national ranking plan for all ports in the country. The Ministry of Ports, Shipping and Waterways (MoPSW) has also communicated to all port authorities and […]
A 700 kWp solar power plant has been installed on the Sabarmati multi modal transit hub under the Mumbai-Ahmedabad high speed rail corridor (MAHSR) project in Ahmedabad. National High Speed Rail Corporation Limited (NHSRCL) has […]
IR is expected to spend Rs 7,000 billion to lay 50,000 km of new train tracks by 2033. For 2023-24 period, funds worth Rs 318.5 billion were allocated for new lines as compared to Rs […]
Jandu Construction India Private Limited has received Letter of Award (LoA) worth Rs 4,092.50 million for implementation of Panchgram Four Lane Bypass Project (NH-37). It involves construction of 11.8 km long Panchgram four lane bypass […]
The NHAI has granted tentative approval for the Borim Third Bridge Project. The MoRTH has sanctioned Rs 3,060 million to acquire land for approach roads to the proposed project over the Zuari river. It involves […]
Adani Green Energy Limited (AGEL) has executed power purchase agreement (PPA) with the Solar Energy Corporation of India (SECI) to deliver solar power of capacity 1,799 MW. AGEL has concluded the agreement to acquire the […]
GPS Renewables has successfully obtained contracts worth Rs 20 billion for the execution of various compressed biogas (CBG) projects across India. The CBG plants are designed to handle 4,000 tonnes per day (TPD) of agricultural […]
PFC Consulting Limited (PFCCL), a subsidiary of Power Finance Corporation (PFC), has incorporated a special purpose vehicle (SPV) company as a wholly owned subsidiary, Khavda PS1and 3 Transmission Limited. The SPV has been incorporated for […]
Tata Power Company Limited has signed share purchase agreement and acquired a 100 per cent equity stake in Bikaner III Neemrana II Transmission Limited, a SPV. The acquisition process was completed for Rs 186 million. […]
Edelweiss Alternative Asset Management, a subsidiary of Edelweiss Financial Services, is selling around 10-20 per cent stake to raise around Rs 15-20 billion. The stake sale is expected to conclude in 4-5 months and is […]
Welspun One, an integrated fund and development management platform, has decided to invest over Rs 7 billion to develop an industrial and logistics hub spread across 55 acres within the Jawaharlal Nehru Port Authority (JNPA) […]
GreyOrange Inc. has announced the first close of its Series D funding, securing $135 million, led by Anthelion Capital (formerly Cowen Sustainable Investments). This investment reinforces the firms approach to transforming warehouse and retail store […]
Sterling and Wilson Renewable Energy Limited (SWREL) announced that it has raised Rs 15 billion through qualified institutions placement (QIP) route. On December 14, 2023, the Securities Issuance Committee of the board of directors approved […]
Blackstone sold its entire 23.5 per cent stake in Embassy Office Parks REIT, India’s first Real Estate Investment Trust (REIT) sponsored by Blackstone and Bengaluru-based realty firm Embassy group for around Rs 71 billion. It […]
Bharti Airtel has connected the Zanskar valley in Kargil district with its Airtel 5G Plus service. This makes Airtel the only operator to offer 5G services in the Zanskar valley.
The Asian Development Bank (ADB) has approved a loan of Rs 10 billion to facilitate the enhancement and upgradation of highways in Madhya Pradesh. The project aims to incorporate climate- and disaster-resilient designs, innovative road […]
Canada’s CDPQ and UK-based Actis are in the final stages of discussions to acquire the build-operate-transfer-toll road assets of Ashoka Concessions Limited, a subsidiary of highways builder Ashoka Buildcon Limited. The sale process began several […]
IRB Lalitpur Tollway, a subsidiary of IRB Infrastructure Developers, has finalised a concession agreement with the National Highways Authority of India for the toll-operate-transfer project on NH-44. It encompasses the Lalitpur-Sagar-Lakhnadon section across Uttar Pradesh […]
The Bengaluru-Chennai Expressway, initially slated for completion by October 2024, is encountering extended delays, primarily attributed to the slow progress in a stretch in Andhra Pradesh. Currently, at 51.5 per cent overall completion, the comprehensive […]
Ashoka Mallasandra Karadi Road Private Limited, a wholly owned subsidiary of Ashoka Buildcon Limited, has received the provisional completion certificate for the 7.55 km stretch of Package I of the Tumkur-Shivamogga Four Laning Road Project […]
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