In a notable development, Bharat Petroleum Corporation Limited’s (BPCL) board has approved the proposal for setting up the polypropylene (PP) plant at Kochi refinery entailing an investment of Rs 50.44 billion. The plant is likely […]
In a recent development, DB Schenker India signed an agreement with Container Corporation of India (CONCOR) for a strategic collaboration in export-import and domestic businesses in the logistics and supply chain space. The CONCOR has […]
As per reports, the domestic shipping companies are likely to witness a further 5-7 per cent decline in revenue in FY 2025, amid the normalisation of the rates. This follows a steep 23-25 per cent […]
During the April-November period of FY 2024, the Indian major ports handled 534.86 million tonnes (mt) of cargo traffic, compared to 506.67 mt in the corresponding period of FY 2023, registering an increase of 5.6 […]
IR has spent a total of Rs 1,053.78 billion on Rashtriya Rail Sanraksha Kosh (RRSK) during 2017-18 to 2022-23. Of the total expenditure, Rs 650 billion has been funded from the gross budgetary support and […]
During April-November 2023, around 2,002 km of broad gauge (BG) network has been electrified by the Indian Railways (IR). With this, the total BG network electrified thus far stands at 60,814 km. Zone-wise, electrification of […]
The government has inaugurated three rail projects in Varanasi, Uttar Pradesh. These are: • The New Pandit Deendayal Upadhyay Nagar-New Bhaupur rail section of the Dedicated Freight Corridor Project (Western Corridor) developed at a cost […]
The NHAI has exceeded its 2023-24 monetisation target by awarding toll, operate, and transfer (TOT) bundles 13 and 14 for a total of Rs 93.84 billion. This achievement raises the total TOT bundles awarded in […]
Dilip Buildcon Limited has received the Letter of Award (LoA) for implementation of additional works on New Zuari Eight Lane Bridge Project. The completion period of the project is 60 months. The premium on revenue […]
The Central Government inaugurated the Shivpur-Phulwaria-Lehartara Road Project in Uttar Pradesh in December 2023. The project involves construction of 5.33 km four lane road from Shivpur-Phulwaria-Lehartara including construction of two Rail-over-bridges (ROBs) at a cost […]
Ahead of the Vibrant Gujarat Global Summit 2024, Essar Group and the government of Gujarat have signed three MoUs for development of energy and infrastructure sectors in the state at an overall investment of Rs […]
Results for Solar Energy Corporation of India’s (SECI) auction to develop 1,000 MW of inter-state transmission system (ISTS)-connected solar power projects, tranche XII, have been announced. The tender for the project was issued in October […]
Ambuja Cements Limited has committed to invest Rs 60 billion for 1,000 MW renewable energy projects. The company intends to establish a varied range of solar and wind energy projects strategically located throughout Gujarat and […]
The Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) has issued a request for proposals to develop grid-connected rooftop solar projects aggregating 500 MW. To be developed under renewable energy service company model on […]
The Ministry of Coal has launched the 9th round of commercial coal mine auctions. In the upcoming round, a total of 26 coal mines will be offered, including three under the CM (SP) Act 2015 […]
The Ministry of External Affairs has notified the Offshore Wind Energy Lease Rules, 2023. With regard to grant of lease, the central government has the option to grant leases for offshore areas located within the […]
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 […]
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