A total of five firms have won contract for exploration and development of 10 oil and gas blocks spanning over 34,364 square km under the eighth round of Open Acreage Licensing Policy (OALP) auction. The […]
PSA Mumbai has become the country’s first 100 per cent renewable powered container terminal with the commissioning of its 7.8 megawatts (MW) solar farm with O2 Power. The solar farm will be expanded further to […]
The consortium led by the State Bank of India (SBI) granted approval for a loan worth Rs 30 billion for the development of Kakinada Gateway Port project. The Kakinada Gateway Port Private Limited (KGPPL), a […]
On January 2, 2023, the central government inaugurated general cargo berth-2 (automobile export/import terminal-II) and capital dredging phase-V projects at Kamarajar Port. The cargo berth was constructed by Larsen and Turbo Geostructure Private Limited at […]
Vande Bharat train service has been inaugurated across six more routes. These include Amritsar-Delhi, Coimbatore-Bangalore Cantt, Mangalore-Madgaon, Jalna-Mumbai, Ayodhya-Anand Vihar Terminal and Shri Mata Vaishno Devi Katra-New Delhi. Meanwhile, Centre also launched two Amrit Bharat […]
Western Railway (WR) is expected to complete the deployment of KAVACH protection system on Mumbai-Ratlam route by June 2024. Meanwhile, Mumbai to Ratlam covers 735 km and has three sections These are 336 km long […]
Indian Railways (IR) has achieved freight loading of 1,154.67 million tonnes (mt) during April- December 2023, 45.28 mt higher than the freight loading achieved in the corresponding period in 2022. Meanwhile, during April to December […]
M/s Puna Hinda has emerged as lowest bidder (L1) for implementation of Package IV of Kaying-Tato Road Improvement Project. The company has quoted an amount of Rs 746.85 million. Besides, Brand Eagles and Jayshree International […]
Centre will inaugurate the Mumbai Trans Harbour Link on January 12, 2024. The project comprises a 22 km-long, 6-tier bridge (3+3 lanes with 2 emergency lanes) connecting Shivdi in Mumbai city to Nhava on the […]
Centre has announced that the Mumbai Coastal Road is slated for completion by the end of May 2024. Delays did not contribute to the increased expenses; rather, realignments prompted by demands from Worli fishermen led […]
The National Highways Authority of India (NHAI) has launched a new phase of asset monetisation, inviting bids for three highway stretches covering a total of 375 km in Telangana and Tamil Nadu. The monetisation will […]
Results for the Solar Energy Corporation of India Limited’s (SECI) auction to develop 450,000 metric tonnes (MT) per annum generation facilities for green hydrogen have been announced. The tender for the project was issued in […]
Results for Gujarat Urja Vikas Nigam Limited’s (GUVNL) auction to develop 500 MW of grid-connected wind power projects, phase VI, have been announced. The tender for the project was issued in July 2023. To be […]
IndiGrid has bagged a letter of intent from REC Power Development and Consultancy Limited for establishment of two greenfield inter-state transmission projects. The projects won as a part of tariff-based competitive bidding process, will be […]
The Competition Commission of India has approved the proposed acquisition of 100 per cent shareholding of GVK Power (Goindwal Sahib) Limited by Punjab State Power Corporation Limited (PSPCL). The proposed combination relates to the resolution […]
In a significant development, India and Nepal have signed a long-term agreement for the export of 10,000 MW of power to India over the next decade. The agreement, signed during the seventh meeting of the […]
SJVN Limited has received approval from the Ministry of Finance to establish four joint venture (JV) firms for the creation of hydro and renewable projects with a combined capacity of 8,778 MW in India and […]
Adani Energy Solutions Limited (AESL) has received the letter of intent (LoI) for the acquisition of Halvad Transmission Limited from Power Finance Corporation Consulting Limited (PFCCL). The Halvad Transmission, a special purpose vehicle, has been […]
Waaree Energies Limited has submitted draft papers to the Securities and Exchange Board of India for an initial public offering (IPO) aimed at raising Rs 30 billion ($361 million). The IPO will consist of a […]
GMR Airports has raised a debt facility worth Rs 8 billion from the Standard Chartered Bank, Varde Partners, and Aditya Birla Special Situation Fund for two years and eleven months. With this fundraise, GMR Airports, […]
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