Cochin Shipyard Limited (CSL) has become the third Indian shipyard to enter into a Master Shipyard Repair Agreement (MRSA) with the United States (US). The MSRA is a non-financial agreement and is effective from April […]
The JSW Jawaharlal Nehru Port Trust (JNPT) Liquid Terminal Private Limited, a wholly owned subsidiary of JSW Infrastructure Limited (JSWIL) and JNPT have signed a concession agreement for the equipping, operation, maintenance and transfer (EOMT) […]
The Ministry of External Affairs (MEA) has granted approval to operate the Sittwe Port in Myanmar. India Ports Global (IPGL), a company fully owned by the Ministry of Ports, Shipping and Waterways, is set to […]
AT Railway Sub Systems, a subsidiary of Amber Enterprises India Limited, has formed a joint venture with Yujin Machinery Limited, South Korea for works related to design, manufacture, building driving gears, couplers and pantograph for […]
BEML Limited has signed a memorandum of understanding (MoU) with Bharat Electronics Limited (BEL) for building indigenous train control management system (TCMS) with the purpose of better control and monitoring in the railways sector along […]
Indian Railway’s (IR) first Vande Bharat sleeper coach service will commence its operations between Agra and Gorakhpur in Uttar Pradesh. The detailed plan for the service has been made by North Eastern Railway (NER). It […]
Rail Coach Factory (RCF) at Kapurthala has manufactured a total of 1,901 coaches during 2023-24 which is 15 per cent higher than previous year. These include 1,217 Air Conditioned (AC) coaches, 216 linke hofmann busch […]
During the fiscal year 2023-24, the Ministry of Road Transport and Highways (MoRTH) achieved significant milestones in highway construction and capital expenditure. Highway construction reached 12,349 km, a 20 per cent increase from the previous […]
Edelweiss Alternatives has successfully concluded the acquisition of L&T Infrastructure Development Projects (LTIDPL) for Rs 60 billion. LTIDPL, which holds several road assets and power transmission lines, was previously a joint venture between L&T (with […]
The joint venture (JV) of Kalyan Toll Infrastructure Limited (KTIL)-Shivalik Infra emerged as lowest bidder (L1) for implementation of Gumkhal-Satpuli Two Laning Road Project (NH-534). The company has quoted an amount of Rs 1,990 million. […]
The construction work on Porvorim Six Lane Elevated Corridor Project (NH-66) is expected to commence by end-April, 2024. The project involves construction of 5.2 km long elevated road from 508 km to 513.15 km including […]
The Telangana State Electricity Regulatory Commission has declined to enforce grid support charges (GSC) on rooftop solar setups, regardless of whether they are operating with net-metering or gross-metering setups. It was asserted that GSC should […]
JSW Energy Limited has concluded its qualified institutions placement, raising Rs 50 billion through the sale of shares to institutional investors. Among the investors, Abu Dhabi Investment Authority, Blackrock, GQC, Nomura, Wellington was notably involved. […]
Juniper Green Energy has commissioned the Jalkot solar power project in Maharashtra, enhancing the region with 105 MW of solar energy. The project has been commissioned in record time, almost nine months before the scheduled […]
IL&FS has announced plans to sell its entire 26 per cent equity stake in Noida Toll Bridge Company Limited (NTBCL), which owns and operates the DND flyover connecting Delhi to Noida. The decision to monetise […]
The National Investment and Infrastructure Fund Limited (NIIF) and iBUS Network and Infrastructure Private Limited (iBUS) have announced an investment of around $200 million in iBUS through NIIF’s master fund to support the growth of […]
Eversource Capital, a climate-focused investment firm, is securing funding from one of its existing limited partners for its smart metering platform in India. This move puts Eversource in the same sector as other investors such […]
In 2023-24, REC Limited has achieved a significant milestone by sanctioning loans amounting to Rs 3.59 trillion, marking a remarkable 33.66 per cent increase from the previous year’s Rs 2.68 trillion. Notably, a substantial portion […]
The Indian aviation sector has been witnessing fast-paced growth over the past few years. Owing to the projected rise in air traffic demand and the need for capacity enhancement at airports, airport operators have taken […]
The Indira Gandhi International Airport (Delhi airport) is the largest airport in the country. It is expected to handle more than 72 million passengers by the end of 2024, making it the ninth biggest airport […]
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