The Sustainable Energy Infra Trust (SEIT), an infrastructure investment trust (InvIT) backed by the Mahindra Group and the Ontario Teachers’ Pension Plan Board (OTPP), has successfully raised Rs 22.62 billion through an initial offer of […]
Indian Renewable Energy Development Agency (IREDA) and Indian Overseas Bank have signed MoU to collaborate on co-lending and loan syndication for a wide range of renewable energy projects throughout the country. The MoU covers a […]
The new Ayodhya airport, named Maharishi Valmiki International Airport, was inaugurated on December 30, 2023. The first phase of the airport has a passenger handling capacity of 1 million passengers per annum (mppa) and the […]
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 underscored the firm’s commitment to transforming warehouse and retail store […]
Vedanta Limited is likely to raise Rs 34 billion ($408.76 million) through an issue of debentures. This is its third fundraising move in 2023-24. The fundraise comes at a time when the company is seeking […]
BluPine Energy has achieved financial closure for its 120 MW solar project. Located in Gujarat, the project was secured through the Gujarat Urja Vikas Nigam Limited 16 tender. The project has received a total investment […]
Brookfield Asset Management-sponsored Data Infrastructure Trust has signed a definitive agreement with the US-based American Tower Corporation (ATC) to acquire a 100 per cent equity stake in ATC India. The total cash proceeds to ATC […]
Blackstone has 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. […]
Grant-in-aid worth Rs 4.4 billion and a loan worth Rs 7.26 billion have been allocated to the Delhi Jal Board under the revised budget estimate for 2023-24. The funds allocated as grants include Rs 0.65 […]
The Himachal Pradesh government laid the foundation stone for the Nahan sewerage scheme on January 6, 2024. Under the project, the city has been divided into three zones. The project includes the construction of 2.29 […]
The Odisha government laid the foundation stone for the Trishulia-Bhubaneswar airport metro rail project on January 1, 2024. Phase I of the project involves the construction of a 26 km long elevated metro rail corridor […]
The Noida Metro Rail Corporation (NMRC) has granted its approval for the implementation of the Noida Sector 142-Botanical Garden metro project on December 27, 2023. The project involves the development of a metro rail network […]
The Delhi government has released funds worth Rs 1 billion for the Delhi-Shahjahanpur-Neemrana-Behror (SNB) regional rapid transit system (RRTS) corridor and Rs 0.5 billion for the Delhi-Panipat RRTS corridor. Besides, it is likely to provide […]
The State Bank of India (SBI) will provide funds worth Rs. 4.5 billion for the Chennai Metro Rail Project Phase-II. Rs 1.5 billion worth term loan will be utilised for procurement of automatic fare collection […]
Tunnel boring machine (TBM) S-639B has been commissioned under Package KNPCC-06 of the Kanpur Metro Rail Project-Phase I. The TBM was provided by Herrenknecht. The package involves design and construction of tunnel through TBM, cut […]
The Government of Jharkhand has approved 25 acres of land for the runway expansion at the Bodo Airport. Funds worth Rs 607.5 million have also been approved for the same. The project involves the expansion […]
The Malkangiri airport in Odisha was inaugurated on January 9, 2024. The airport is located at Katelguda, and spans over a land area of more than 233 acres. The airport entailed a cost of around […]
The Directorate General of Civil Aviation (DGCA) has approved special visual flight rules (VFR) for the Gondia airport in Maharashtra, enabling flights to operate in low visibility conditions to and from the airport. The move […]
The Pune airport witnessed resumptions of international cargo exports on January 10, 2024, after more than a year. All cargo operations at the airport stopped on January 1, 2023, following the Bureau of Civil Aviation […]
The central government inaugurated the Baghpat sewerage interception and diversion (I&D) and STP project on January 4, 2024. The scope of project included construction of a 14 mld STP and I&D network of 2.4 km […]
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