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Home2024December

Month: December 2024

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Railways

Rail Vikas Nigam Limited completes Pamban New Railway Bridge Project in Tamil Nadu 

December 24, 2024

Rail Vikas Nigam Limited has completed the construction work on the Pamban New Railway Bridge Project. The project involved construction of a new 2.05 km long bridge near Pamban bridge in Tamil Nadu in lieu […]

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Aviation

Satna airport in Madhya Pradesh receives DGCA license 

December 24, 2024

The Directorate General of Civil Aviation (DGCA) issued a license to the Satna Airport in Madhya Pradesh on December 23, 2024. The airport is now the seventh airport in the state. The development of the airport […]

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Ports & Shipping

Terminal Investment Limited to invest Rs 200 billion for the development of Vadhavan Port

December 24, 2024

Terminal Investment Limited Sarl (TIL) has proposed to invest about Rs 200 billion for the development of the Vadhavan Port and the surrounding ecosystem. Switzerland based, TIL has diverse portfolio of container terminals, strategically located […]

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Roads and Bridges

Centre plans direct control over national highways managed by state PWDs 

December 24, 2024

The Ministry of Road Transport and Highways (MoRTH) is considering assuming direct responsibility for the construction and maintenance of National Highways (NHs) currently managed by state Public Works Departments (PWDs). This initiative, aimed at accelerating […]

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Urban Infrastructure

Madhya Pradesh Metro Rail Corporation Limited signs contract with Bharat Electronics Limited for platform screen doors under Bhopal and Indore metro projects

December 24, 2024

Madhya Pradesh Metro Rail Corporation Limited has signed a contract with Bharat Electronics Limited to supply indigenously manufactured platform screen doors under the Bhopal metro rail project phase-I and Indore metro rail project phase I. The Bhopal […]

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Power

CERC notifies the CERC (Deviation Settlement Mechanism and Related Matters) (First Amendment) Regulations, 2024

December 24, 2024

The Central Electricity Regulatory Commission (CERC) has notified the CERC (Deviation Settlement Mechanism and Related Matters) (First Amendment) Regulations, 2024. The amendment has revised the provisions of the principal regulations to address implementation challenges and […]

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Asset Sales

NHIT to raise Rs 150 billion to acquire assets in fourth monetisation round

December 23, 2024

The National Highways Infrastructure Trust (NHIT) will raise Rs 150 billion through a combination of debt and equity within the next two months. The funds will be utilised to acquire new assets under the infrastructure […]

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Mergers & Acquisitions

UK approves Bharti’s purchase of 24.5 per cent stake in BT

December 23, 2024

The British government has approved Bharti Global’s purchase of a 24.5 per cent stake in BT, following a detailed national security assessment and assurances from the telecom company. This share purchase, valued at £3.2 billion, […]

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InvITs/REITs

ADIA exits Mindspace REIT, selling units worth Rs 19.26 billion

December 23, 2024

Abu Dhabi Investment Authority (ADIA) has exited Mindspace Business Parks REIT (Mindspace REIT) through a block deal comprising 54.3 million units sold for Rs 19.26 billion. The shares units were sold at Rs 354.3 per […]

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Bonds/ Debentures

Punjab and Sind Bank raises Rs 30 billion through infrastructure bonds

December 23, 2024

Punjab and Sind Bank has raised Rs 30 billion through 10-year infrastructure bonds. The bonds were issued at a coupon rate of 7.74 per cent. The issue comprised a base size of Rs 5 billion […]

Company Release

Cummins India unveils next-generation power solutions

December 23, 2024

Unveils advanced portfolio of aftermarket solutions for gensets and construction sector Showcases Cummins powered CPCBIV+ compliant genset offering robust back-up power Cummins India Limited (“Cummins India”), one of the leading providers of power solutions unveiled […]

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Railways

Centre lays foundation stone for three rail projects in Rajasthan 

December 23, 2024

The Union Government laid the foundation stone for three rail projects in Rajasthan. These are: Jaipur-Sawai Madhopur Railway line Doubling Project which involves doubling of the existing 131.27 km long rail line between Jaipur and […]

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Ports & Shipping

V.O. Chidambaranar Port allocates over Rs 400 billion to become India’s green hydrogen-ammonia hub

December 23, 2024

 Reportedly, V. O. Chidambaranar Port has allocated Rs 418.6 billion for making it the green hydrogen-ammonia hub of the country. Currently, a pilot demonstration for the production of green hydrogen, storage and power generation using […]

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Aviation

Tower-cum-technical block for air traffic control, fire safety building, and garbage disposal plant inaugurated at Indore airport 

December 23, 2024

The Devi Ahilyabai Holkar Airport at Indore witnessed the inauguration of a new tower-cum-technical block for air traffic control, a state-of-the art fire safety building, and a garbage disposal plant on December 22, 2024. The […]

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Railways

Indian Railways deploys 5,133 km of optical fibre for KAVACH till November 2024 

December 23, 2024

Indian Railways (IR) has deployed 5,133 km of optical fibre, for KAVACH system, till November 2024. Further, the progress on KAVACH, till November 2024, includes the installation of 540 telecom towers, 3,434 route km (rkm) […]

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Urban Infrastructure

Titagarh to deliver first driverless trainset for RV Road-Bommasandra stretch under Bengaluru metro project phase-II by early 2025

December 23, 2024

Titagarh Rail Systems Limited is likely to deliver the first driverless trainset for RV Road-Bommasandra stretch under the Bengaluru metro rail project phase-II by early 2025. Titagarh will also ramp up production to two train […]

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Telecom

TRAI releases recommendations on assignment of additional spectrum to Indian Railways for its safety and security applications

December 23, 2024

The Telecom Regulatory Authority of India (TRAI) has released recommendations on “Assignment of Additional Spectrum to Indian Railways for its Safety and Security Applications” on December 20, 2024. Department of Telecommunications (DoT), Ministry of Communications, […]

Company Release

Tata Motors unveils its cutting-edge technology and showcases wide range of new age gensets, industrial engines and axles for diverse industries

December 20, 2024

Tata Motors, India’s largest commercial vehicle manufacturer and mobility solutions provider, showcased a comprehensive range of advanced aggregates at Bauma Conexpo 2024. The exhibits include CPCB IV+ compliant Tata Motors gensets available from 25kVA to […]

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Roads and Bridges

MoRTH approves funds for 19 district roads in Arunachal Pradesh 

December 20, 2024

The Ministry of Road Transport and Highways (MoRTH) has approved funds worth Rs 3.98 billion for 19 state district road development projects under the Central Road and Infrastructure Fund (State Roads) for 2024-25. The project […]

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Railways

RITES lays foundation stone for construction of new siding from Danea Station-Kedla Washery Rail Project in Jharkhand 

December 20, 2024

RITES Limited has laid the foundation stone for the construction of new siding from Danea Station-Kedla Washery Rail Project in Jharkhand. The project involves construction of a new railway siding from Danea station to Kedla […]

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