Hardeep Singh Puri has been retained as the union minister of petroleum and natural gas. He has been allocated the Ministry of Petroleum and Natural Gas (MoPNG). Puri, a former diplomat, highlighted the government’s focus […]
The ministers for the new government have been announced. Manohar Lal Khattar has been appointed as the union minister of power, and union minister of housing and urban affairs. Meanwhile, Pralhad Joshi has been appointed […]
Jyotiraditya M Scindia has been appointed as the new telecom minister. He has been allocated the Ministry of Communications portfolio. Additionally, he has also been appointed as the Minister of Development of northeastern region. Scindia, […]
The second phase of the Dharmveer Swarajya Rakshak Chhatrapati Sambhaji Maharaj Coastal Road, connecting Worli and Marine Drive, has been inaugurated. Mumbai Coastal Road Phase 2 spans 10.58 km, connecting Marine Drive to the Worli […]
The track works on the New Ashok Nagar station of the Delhi-Ghaziabad-Meerut Regional Rapid Transit System (RRTS) Project have been completed. Besides, three footover bridges connecting Ashok Nagar metro station and Ashok Nagar RRTS station […]
About 88 per cent of construction work on the Vizhinjam International Container Transshipment Terminal (ICTT) project phase-I has been completed. Besides, trial operations on the same are expected to begin by the end of June […]
RITES Limited signed a memorandum of understanding (MoU) with the Andal Diesel Shed of Eastern Railway (ER) on June 11, 2024. The focus of the MoU is to partner and streamline works related to major […]
The number of e-gates at the Mumbai airport for both DigiYatra and other passengers have been doubled. Terminal entry points have been increased to 68, making it the airport with the highest number of e-gates […]
Two corridors have been proposed under the Bareilly Light Metro Project Phase- I. These have been proposed on the basis of the Comprehensive Mobility Plan (CMP) prepared by RITES Limited. The two corridors are: 12 […]
The Jamshedpur Notified Area Committee (JNAC) has announced its plans to set up sewage treatment plants (STPs) along all major drains. This has been initiated to prevent the discharge of untreated wastewater into the nearby Subernarekha and Kharkhai rivers. Currently, 17 large drains […]
Ambuja Cements, owned by the Adani Group, will purchase 100 per cent stake in Penna Cement Industries Limited (PCIL) for an enterprise value of Rs 104.22 billion. This acquisition will help Adani’s strategy to achieve […]
Bharti Airtel has converted $49.87 million worth of foreign debt bonds issued in January 2020 into equity. According to a regulatory filing, Airtel had raised $1,000 million through foreign currency convertible bonds (FCCBs) in January […]
Kalpataru Projects International Limited has raised Rs 3 billion through the issuance of non-convertible debentures (NCDs) on private placement basis. The NCDs will be listed on the wholesale debt market segment of Bombay Stock Exchange […]
Snapshots from our 16th annual conference on Tunnel Construction in India, held on June 5-6, 2024 at Courtyard by Marriott, Mumbai. The mission of this conference was to highlight and discuss the recent trends […]
Infrastructure investment trusts (InvITs) have emerged as a crucial source of financing in the roads and highways sector. Foreign investors have found these products lucrative for investments while developers are using these structures for freeing […]
Infrastructure investment trusts (InvITs) have emerged as a crucial source of financing in the roads and highways sector. Foreign investors have found these products lucrative for investments while developers are using these structures for freeing […]
The Indian Gas Exchange (IGX) traded 4.92 million MMBtu (~124 mmscm) gas volume in May 2024, higher by 99 per cent month-on-month and 480 per cent on year-on-year basis. Trade volumes were high mainly due […]
Operations commenced from the new integrated terminal at the Trichy International Airport on June 11, 2024. Construction for the terminal commenced in February 2019 and it was inaugurated in January 2024. The new terminal spans […]
Public Investment Board (PIB) has approved the extension of Rithala-Bawana-Narela corridor till Kundli under Delhi Metro Rail Project Phase-IV. The Delhi Development Authority (DDA) is likely to grant funds worth Rs 10 billion for construction […]
The Commissioner of Railway Safety (CRS) has conducted a safety inspection on the 4.5 km long Majorda-Cansaulim section of the Hospet-Hubli-Londa-Tinaighat-Vasco da Gama railway line doubling project. Besides, speed trials were also conducted on the […]
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