UltraTech Cement has acquired an 8.69 per cent stake in Star Cement, a Meghalaya-based cement manufacturer, for Rs 8.51 billion. UltraTech Cement and Ambuja Cement are on an acquisition spree as the competition between the […]
Capital Infra Trust, formerly National Infrastructure Trust, is set to launch its IPO to raise Rs 15.78 billion. The price band for the issue is Rs 99-100 per unit, scheduled for 7 January 2025. The […]
NDR InvIT has raised Rs 7.45 billion from the National Bank for Financing Infrastructure and Development (NaBFID) by issuing 15-year long-term bonds. The proceeds from the funds raised will be used to develop industrial parks […]
Reliance Power’s subsidiary, Rosa Power Supply Company Limited, has entered into a definitive agreement with Power Finance Corporation (PFC) for a rupee term loan of Rs 37.60 billion. The loan may be availed in one […]
In an interview with Indian Infrastructure, R.P. Gupta, Chairman and Managing Director, Solar Energy Corporation of India (SECI), talked about the key achievements of SECI, its experience with innovative tenders and future targets. He also […]
In an interview with Indian Infrastructure, R.P. Gupta, Chairman and Managing Director, Solar Energy Corporation of India (SECI), talked about the key achievements of SECI, its experience with innovative tenders and future targets. He also […]
After a period of sustained recovery/improvement in aggregate technical and commercial (AT&C) losses, the distribution segment has shown some slippage. AT&C losses have increased by two percentage points to 17.6 per cent in FY2024, as […]
The Ministry of Road Transport and Highways (MoRTH) sanctioned funds worth Rs 9.64 billion for the Sabbavaram Bypass (Anakapalli Anandapuram corridor) – Sheelanagar Junction six-lane port road project [National Highway (NH)-516C] on January 1, 2025. […]
Air India has become the first airline in India to offer in-flight Wi-Fi connectivity on both domestic and international flights, effective January 1, 2025. The service is available on its widebody Airbus A350 and Boeing […]
The Commissioner of Railway Safety has conducted a safety inspection on the 9.48 km long Shisho-Kakarghatti section of the Darbhanga Bypass Railway Line Doubling Project. The project involved construction of a 9.84 km long bypass […]
The Noida International Airport (NIA) signed a 30-year concession agreement with the Indian Oil Corporation Limited (IOCL) in order to establish and operate fuel stations at three locations at the airport. The strategic locations planned […]
Indian Railways (IR) has generated revenue of Rs 1.93 trillion during April-December 2024, an increase of four per cent over corresponding period of the last year. This includes freight revenue of Rs 1.26 trillion and […]
The Ministry of Home Affairs has approved the draft Digital Personal Data Protection (DPDP) rules after inter-ministerial consultations concluded on December 31, 2024. The Ministry of Electronics and Information Technology (MeitY) will now release the […]
Government of Telangana is planning two new corridors under the Hyderabad metro rail project phase II. The corridors are Paradise-Medchal (23 kms) and Jubilee Bus Station (JBS)-Shameerpet (22 km). Besides, the state government has also […]
Indian Railways (IR) is planning to adopt the public-private partnership (PPP) model for the development of railway infrastructure. The initiative primarily focuses on the development of commercial lines, such as mineral transportation corridors, which are […]
Vadhavan Port Private Limited on has awarded the engineering, procurement, and construction (EPC) contract to ITD Cementation India for the construction of near-shore reclamation and shore protection for the upcoming greenfield Vadhavan Port. The company had quoted a […]
HNB Engineers Private Limited has won a contract worth Rs 4,393.15 million for development of Akola Sewerage Scheme Phase 2 under the Atal Mission for Rejuvenation and Urban Transformation (AMRUT) 2.0. Bids for the same […]
NP Patel and Company has won a contract worth Rs 1,930.19 million for development of the Pathardi underground drainage scheme (UGDS) Phase I and II in Maharashtra under the Maharashtra Suvarn Jayanti Nagarotthan Maha-Abhiyan. Bids […]
Waaree Renewable Technologies Limited (WRTL), a subsidiary of Waaree Energies Limited, has secured its largest-ever engineering, procurement, and construction (EPC) contract for a 2 GW solar project in Bikaner, Rajasthan. The contract was awarded by […]
Capital Infra Trust, earlier known as National Infrastructure Trust (NIT), will open its initial public offering (IPO) for subscription on January 07, 2025. The issue will close on January 09, 2024. The infrastructure investment trust […]
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