On February 20, 2022, the Union Minister of Ports, Shipping and Waterways launched projects worth Rs 3.08 billion for the North East region. The projects include passenger-cum-cargo terminal at Bogibeel near Dibrugarh, inland water transport […]
On February 16, 2024, the Union Minister of Ports, Shipping and Waterways launched ‘Sagar Aankalan’ guidelines for national benchmarking of the Indian port performance index. The guidelines aim to achieve mapping and benchmarking of Indian […]
South Central Railway (SCR) has commissioned the 20.3 km long Karavadi-Surareddipalem rail section of the Vijayawada-Gudur third line project. The project involves laying of a 287.67 km long third line along with electrification works on […]
The Union Government inaugurated the 48 km Banihal-Khari-Sumber-Sangaldan section and the 185.66 km long newly electrified Baramulla-Srinagar-Banihal-Sangaldan section of the Jammu-Udhampur-Katra-Qazigund-Baramulla railway line project on February 20, 2024. The project involves laying of 345 km […]
North Central Railway (NCR) is expected to deploy KAVACH system on a total of 297 locomotives by June 2024. Further, NCR is planning to fully equip the zone with KAVACH by December 2024. Besides, the […]
Indian Railways (IR) has launched a weekly service of the Joint Parcel Product-Rapid Cargo Express train on the route between Yeshwantpur in Bengaluru to Delhi’s Tughlakabad Inland Container Depot. The first service will start from […]
The Railway Board (RB) has initiated trial run for hydrogen-powered train between Kalka and Shimla. It will help in lowering of carbon footprints along with upgradation of the railways. The Kalka-Shimla route will be the […]
CDPQ and Cube Highways are among the bidders showing interest in acquiring the National Investment and Infrastructure Fund’s (NIIF) inaugural roads portfolio. The portfolio comprises five road projects and is expected to be valued at […]
The central government has inaugurated various road projects in several states. Projects inaugurated in Odisha include Rimuli-Koida Stretch of Rimuli-Koida-Rajamunda Four Laning Road Project (NH-520), Birmitrapur-Brahmani Bypass stretch, Brahmani Bypass End-Rajamunda stretch of Birmitrapur-Barkote Four-Two […]
Ashoka Buildcon is poised to divest a portfolio of 11 roads to Sekura, an infrastructure platform under Edelweiss Infrastructure Yield Plus fund, for an equity value estimated at around Rs 22 billion -Rs 23 billion […]
Few of the top asset reconstruction companies (ARCs), including global fund JC Flowers ARC and Varde Partners-backed Aditya Birla ARC, are participating in Swiss auctions initiated by lenders for three road projects which include Pink […]
Indian Railways (IR) connects the length and breadth of the nation through a track network spanning more than 120,000 km, servicing over 7,000 stations. In recent years, IR has achieved significant progress in terms of […]
Artisan Partners has divested a 1.2 per cent stake in Indus Towers for Rs 7.17 billion through an open market transaction. Artisan Partners, through its affiliate Artisan International Value Fund, sold shares of Indus Towers […]
Apurve Goel serves as director at Kundan Green Energy, a wholly-owned subsidiary of the Kundan Group. In this role, he oversees project execution, tender processes as well as obtaining of regulatory approvals and clearances. Commenting […]
National Highways Authority of India has achieved a significant milestone with its asset monetisation programme surpassing Rs 1 trillion. The latest accomplishment includes raising a record concession value of Rs 156.24 billion through InvIT Round […]
Hindalco Industries Limited, the metals flagship company of the Aditya Birla Group, has acquired a 26 per cent stake in the equity share capital of Ayana Renewable Power Four Private Limited (ARPFPL). The acquisition, valued […]
Actis is set to acquire a portfolio of operational and under-construction hybrid annuity model road assets from Patel Infrastructure Limited valued at Rs 15 billion ($180 million). The deal includes two operational assets, with plans […]
KKR-backed Highways Infrastructure Trust (HIT) has acquired 12 road projects from PNC Infratech and PNC Infra Holdings Limited at an enterprise value of Rs 90 billion, making it one of the major acquisitions in the […]
REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, has handed over five project-specific SPVs formed for interstate transmission system (ISTS) projects through a tariff-based competitive bidding process. Power Grid […]
KKR has exited Indus Towers Limited by offloading its entire 4.85 per cent stake in the company, while the Canada Pension Plan Investment Board (CPPIB) has sold off a 2.14 per cent holding. The two […]
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