The Railway Board has approved South Western Railway’s proposal to deploy Automatic Block Signalling (ABS) system in Bengaluru for six sections covering a distance of 639.05 km at an investment of Rs 8.74 billion. The […]
The MoRTH has approved an outlay of Rs. 17.42 billion for the construction of the four-lane N. Kawnpui (N.Mualvum) – Sairang section on NH-6 in Mizoram. Spanning 24.41 km, the project will be executed under […]
Rajinder Infrastructure Private Limited received Letter of Award (LoA) for implementation of Tamenglong-Muhur Two Laning Road Project (Package VII) on January 22, 2024. Bids for the same were issued by the NHIDCL in September 2023. […]
The Centre has inaugurated several key national highway projects in Odisha, including a 79 km four-lane road between Baharagora and Singhara on NH-49, valued at Rs 12.03 billion, and a 78 km six-lane road from […]
The MoRTH is considering to extend the defect liability period under EPC contracts from the current five years to ten years. This move aims to enhance the quality of construction in road projects. Extending the […]
Results for SJVN’s auction to develop 1,500 MW of inter-state transmission system connected solar power projects have been announced. The tender was issued in November 2023. The projects will be set up anywhere in India. […]
Results for NHPC’s auction to develop 1,500 MW of inter-state transmission system connected wind-solar hybrid power projects have been announced. The tender was issued in November 2023. The projects will be set up anywhere in […]
The Indian prime minister has unveiled the PM Surya Ghar Muft Bijli Yojana programme, aimed at providing free electricity through residential rooftop solar installations. With an investment exceeding Rs 750 billion, this programme seeks to […]
Sterlite Power has announced the refinancing of the Lakadia-Vadodara Transmission project loan within 12 months of the project becoming fully operational in January 2023. The new financing from HDFC Bank Limited, India Infrastructure Finance Company […]
Apraava Energy has secured a bid for a new ISTS in Madhya Pradesh through TBCB process. The project involves the construction of approximately 40 km of 765 kV double-circuit transmission lines, alongside the establishment of […]
REC Power Development and Consultancy Limited (RECPDCL) has handed over five project-specific special purpose vehicles (SPV), formed for inter-state transmission projects (ISTS), through tariff-based competitive bidding process (TBCB). Power Grid Corporation of India Limited, Indigrid […]
The Competition Commission of India (CCI) has approved the proposed combination involving acquisition of 100 per cent shareholding of Coastal Energen Private Limited (CEPL) by Dickey Alternative Investment Trust (DAIT) and Adani Power Limited. CEPL […]
India Grid Trust (IndiGrid) is planning to raise Rs 10 billion via non-convertible debentures (NCDs) to finance acquisitions and repayment of existing debt. IndiGrid has announced the acquisition of 100 per cent of ReNew Solar […]
The National Asset Reconstruction Company of India (NARCL) is seeking to raise Rs 27 billion in debt to expedite the purchase of stressed loans. The ARC is in talks with private and government-owned banks to […]
One of the key trends in India’s renewable energy sector is the rise of round-the-clock (RTC) renewable energy as a key energy source, on par with thermal, hydro and nuclear power, for meeting baseload requirements. […]
India’s smart metering market is on the cusp of exponential growth. Following the success of various pilot projects across the country and positive outcomes for stakeholders, the pace of smart meter awards and installation is […]
The interim budget for 2024-25 is a placeholder and it was passed by vote on account. A full-year budget will be presented and passed by the next Parliament after the general elections. The interim budget […]
DP World, a leading global provider of smart end-to-end supply chain solutions, has received platinum certification from the Indian Green Building Council (IGBC) for its Nhava Sheva Business Park (NSBP). The IGBC rating systems acknowledge […]
The Government of Odisha has allocated funds worth Rs 10 billion for the Trishulia -Bhubaneswar Airport Metro Rail Project under the state budget 2024-25. The project involves construction of 26 km long elevated metro rail […]
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