The GMR Group has reportedly entered into an agreement with a wholly owned subsidiary of Abu Dhabi Investment Authority (ADIA) for an investment amounting to Rs 63 billion in the form of structured debt instruments. […]
The Ministry of Road Transport and Highways (MoRTH) has approved 50 national highway projects in Manipur, covering a total length of 1,026 km. Of these, 44 projects spanning 902 km are in the state’s hilly […]
A trial run has been conducted under the Hyderabad Outer Ring Road (ORR) Water Supply Scheme phase II on October 19, 2024. The operations on reservoirs are likely to commence from first week of November […]
The government of Andhra Pradesh flagged off continuation of works for the Mulapeta (Bhavanapadu) greenfield port project on October 21, 2024. It is expected to be completed by June 2025. The project involves development of […]
The Commissioner of Railway Safety (CRS) has conducted a safety inspection on the 2.22 km long Prayagraj-Prayagraj Rambagh section of the Varanasi-Madhosingh-Allahabad rail line doubling project. The project involves doubling of 120.2 km long track […]
About 43 per cent of the structural work for the entry/exit buildings at Cochin special economic zones (SEZ) and Civil Station Junction and 18 per cent of the structural work at Chittethukara, Kerala Industrial Infrastructure […]
Reportedly, ACME Platinum Urja Private Limited, special purpose vehicle of ACME Solar Holdings, has signed a power purchase agreement (PPA) with the Solar Energy Corporation of India Limited (SECI) for supplying power from its 150 […]
The Competition Commission of India (CCI) has approved Airtel’s plan to raise its stake in Indus Towers, following a share buyback by the telecom infrastructure company. Indus Towers specialises in providing passive telecom infrastructure, including […]
Indian Railway launched its first pair of WAP-5 aerodynamic (converted) electric locomotives from the test shed of the Chittaranjan Locomotive Works (CLW). These locomotives will be used in Amrit Bharat trains by integrating them with […]
The Union government laid the foundation stones for the Varanasi Airport expansion project, the Kheria (Agra) Airport upgradation project, the Bagdogra Airport civil enclave project and the Darbhanga Airport civil enclave project on October 20, […]
Tunnel boring machine (TBM) S-640B has achieved its second breakthrough at Transport Nagar station for package KNPCC-06 under the Kanpur metro rail project. It was commissioned in July 2024 and travelled 330 metres till Transport […]
The construction work on the Bhairabi-Sairang new railway line project has reached its final stage and is expected to be completed soon. The project involves laying of a 51 km long new broad gauge rail […]
Gensol Engineering Limited and Matrix Gas & Renewables have signed an agreement to develop India’s first green steel production facility. This facility will use 100 per cent green hydrogen. It is one of three pilot […]
Refex Green Power Limited (RGPL), a wholly-owned subsidiary of Refex Group, has signed a power purchase agreement (PPA) with NTPC Limited to set up a 100 MW solar power project for Rs 4.80 billion. The […]
Bharti Airtel has announced that it is the first telecom service provider to offer uninterrupted 5G connectivity across 10 new stations of the newly inaugurated Mumbai Metro Line-3, also known as the Aqua Line. This […]
Avaada Energy has successfully secured approximately Rs 5.97 billion in refinancing from NIIF Infrastructure Finance Limited (NIIF IFL). The proceeds from the raise will be utilised for its commercial and industrial solar projects in Karnataka […]
Waaree Energies is set to launch Rs 43.21 billion initial public offering (IPO) for subscription on October 21, 2024. The IPO comprises a fresh issue of Rs 36 billion and an offer for sale (OFS) […]
Nexus Select Trust has signed an agreement to acquire Vega City Mall from Blue Horizon Hotels for Rs 8.77 billion. The acquisition will be made through Vijaya Productions Private Limited, a special purpose vehicle (SPV) […]
Adani Ports and Special Economic Zone (APSEZ) has completed the acquisition of a 95 per cent stake in Gopalpur Port Limited from existing shareholders for Rs 13.49 billion. This acquisition follows a definitive agreement signed […]
VA TECH WABAG, a leading water technology Indian multinational group, has won a mega order worth Rs 10 billion from Indosol Solar Private Limited (‘Indosol Solar’). With this order win, WABAG embarks on its journey […]
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