Adani Energy Solutions Limited raised $1 billion through a qualified institutional placement (QIP) issue. The issue has been oversubscribed three times, with a demand of approximately Rs 260 billion. This makes it the largest transaction […]
The Bank of Maharashtra has raised Rs 8.11 billion through a 10-year infrastructure bond issue carrying a coupon rate of 7.8 per cent. The bank originally targeted raising up to Rs 30 billion crore through […]
IL&FS Transportation Networks Limited has received approval from stock exchanges to issue units of the Roadstar Infra Investment Trust (InvITS) with the listing expected by December 2024. The trust has acquired road assets from IL&FS […]
UltraTech Cement will acquire an additional 32.72 per cent stake in India Cements from its promoters and their associates for Rs 39.54 billion. The transaction will be done at Rs 390 per share, increasing UltraTech’s […]
The Government of India and the World Bank have signed an agreement to construct the Green National Highway Corridors Project (GNHCP), as announced by the Ministry of Road Transport & Highways (MoRTH). This project spans […]
The Direct Port Delivery (DPD) facilitation at Jawaharlal Nehru Port Authority (JNPA) recorded handling of 546,215 twenty-foot equivalent units (TEUs) containers during April-June period of 2024-25, an increase of 8.71 per cent as compared to […]
NTPC Green Energy Limited (NGEL), a wholly-owned subsidiary of NTPC Limited, has commissioned the second part of 26 MW capacity of the 40 MW Ayodhya solar project. With this, the group installed and commercial capacity […]
The installation of a 287 km sewer network under phase II of the Tiruchirappalli underground drainage project (UGD) has been completed in Tamil Nadu. Currently, 50 house services connections (HSCs) are remaining under phase II. Under […]
Asian Development Bank (ADB) has approved funds worth Rs 16.74 billion for Nagpur metro project phase II. The project involves the expansion of the metro network in Nagpur city in Maharashtra as phase II by […]
The Dedicated Freight Corridor Project (Western Corridor) has received a budgetary estimate of Rs 1.15 billion for the Rewari-Vadodara section (Phase 1) and Rs 17.62 billion for Vadodara-Jawaharlal Nehru Port Trust and Rewari-Dadri sections (Phase […]
Reliance Jio has announced that it is partnering with Qualcomm Technologies to develop affordable 5G devices and enhance digital infrastructure in India. This collaboration aims to provide high-speed internet and seamless connectivity, particularly in remote […]
Indian Railways has launched a Vande Bharat Express train service on the route between Ernakulam in Kerala and Bengaluru in Karnataka. It is Kerala’s third Vande Bharat service which will have stoppages at Thrissur, Palakkad, […]
On July 31, 2024, the Ministry of Civil Aviation introduced the new Bharatiya Vayuyan Vidheyak Bill 2024 in the Lok Sabha. The new bill aims to remove redundancies and replace the old Aircraft Act 1934 […]
The construction of the Delhi-Mumbai Expressway, India’s longest Greenfield Expressway, is scheduled for completion by October 2025. The project, managed by the Ministry of Road Transport and Highways, spans 1,386 km and is divided into […]
Jaideep Infrastructure Private Limited has won a contract worth Rs 1,844.63 million for the augmentation of Shrirampur water supply scheme (WSS) in Maharashtra under the Atal Mission for Rejuvenation and Urban Transformation (AMRUT) 2.0. Bids […]
DP World has started using green energy at its Nhava Sheva terminals including the Nhava Sheva International Container Terminal (NSICT) and the Nhava Sheva India Gateway Terminal (NSIGT), starting July 1, 2024. With a cumulative […]
Western Railway has commenced survey work for KAVACH deployment on the Mumbai Central-Virar route which covers a total distance of 54 km. The deployment is expected to be completed by March 2026 and is expected […]
The Delhi Metro Rail Corporation (DMRC) has been assigned the task of preparing the detailed project report (DPR) for two new metro rail corridors in Madhya Pradesh. With a total estimated distance of 84 km, […]
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