Oil and Natural Gas Corporation Limited (ONGC) is likely to drill exploratory well at Samastipur block in Bihar by December 2024. It will entail an investment of Rs 300 to Rs 350 million. It has […]
As on February 29, 2024, the Indian shipping industry had a fleet of 1,523 vessels of 13.55 million gross tonnage (GT) and 38.78 million deadweight tonnage (DWT). Of the total vessels, 1,039 were coastal vessels […]
Adani Ports and Special Economic Zone Limited (APSEZ) entered into a definitive agreement for acquisition of a 95 per cent stake in the Gopalpur Port Limited (GPL) on March 25, 2024. The stake has been […]
During April-February FY 2024, the Indian major ports handled 744.06 million tonnes (mt) of cargo traffic, compared to 711.67 mt in the corresponding period of FY 2023, registering a growth of 4.55 per cent. Port-wise, […]
Nevomo has partnered with Umeandus Technologies for modification and enhancement of India’s rail and ports sectors with installation of MagRail booster technology. Umeandus Technologies is an Indian firm which has expertise in automated container evacuation […]
xNortheast Frontier Railway (NFR) has commissioned the 10.15 km long Baihata-Changsari section of the new Bongaigaon-Agthori rail line doubling project. CRS inspection of the same was conducted on March 20, 2024. With this, 81.06 km […]
National High Speed Rail Corporation Limited (NHSRCL) has completed 153 km of viaduct installation work on the Mumbai-Ahmedabad high-speed rail corridor project. Besides, piers have been constructed over a stretch of 295.5 km. Furthermore, NHSRCL […]
The Integral Coach Factory (ICF) is likely to manufacture a total of 3,000 coaches which includes 1,400 coaches of Linke Hofmann Busch (LHB), 644 coaches of Vande Bharat trains, 480 three phase electric multiple unit […]
Reportedly, the Centre is planning to auction completed road projects directly to private sector infrastructure investment trusts (InvITs) to increase global investor participation in India’s infrastructure development. This move marks a policy shift, with completed […]
MKC Infrastructure Limited received letters of award (LoAs) worth Rs 9,960 million and Rs 8,840 million for implementation of Indore Western Six Lane Bypass Project Package 1 and Package 2 respectively. Bids for the same […]
About 99 per cent of the construction work on Vadakkancherry-Thrissur Six Laning Highway Project has been completed. The project involves six laning of Vadakkencherry-Thrissur Road stretch on the National Highway (NH)-47 from 240 km to […]
Centre has introduced a new satellite-based toll collection system that will deduct money directly from bank accounts based on the distance traveled, marking the end of toll collection on highways. This system aims to save […]
Grid Corporation of Odisha (GRIDCO) has issued a request for proposals for 500 MW/ 2,500 MWh of energy storage, providing five hours of daily peak power assistance, over a five-year term commencing on April 1, […]
Vodafone Idea Limited (Vi) is planning to raise up to Rs 450 billion through a combination of equity and debt. The operator announced that its board has cleared the raising of Rs 200 billion through […]
Haryana Renewable Energy Development Agency (HAREDA) has granted contracts for the provision, installation, and commissioning of 24,484 solar water pumping systems as part of Component B of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan […]
Gensol Engineering Limited has declared that it has secured its largest-ever turnkey (engineering, procurement, and construction) contract in terms of both size and worth from a prominent power generation utility in Maharashtra. The project entails […]
NTPC Limited has entered into foreign currency loan agreements with the Japan Bank for International Co-operation (JBIC) aggregating JPY30 billion i.e. JPY15 billion each for NTPC Limited and NTPC Renewables Energy Limited. JBIC has provided […]
Adani Green Energy Limited has commissioned a 180 MW solar power plant at Devikot in Jaisalmer, Rajasthan. The plant has a 25 year power purchase agreement (PPA) with the Solar Energy Corporation of India Limited […]
The Ministry of Power (MoP) has released operational guidelines for a programme worth Rs 94 billion to offer viability gap funding of up to 40 per cent to facilitate the development of 4,000 MWh of […]
Reliance Industries (RIL) and Adani Power have signed a 20-year power purchase agreement for 500 MW, marking a rare, strategic collaboration between the conglomerates. RIL will invest Rs 0.50 billion for a 26 per cent […]
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