The Ministry of Petroleum and Natural Gas (MoPNG) has notified the price of domestic natural gas for the period January 1, 2025 to January 31, 2025 as $7.3 per million British thermal units (mBtu) on […]
Swan Energy Limited (SEL) has partnered with AG&P Terminals and Logistics to form a joint venture (JV) to provide a floating storage and regasification unit (FSRU) and a floating storage unit to operationalise the Jafrabad […]
The Noida International Airport has signed a 30-year concession agreement with Indian Oil Corporation Limited to establish and operate fuel stations at three locations at the Noida (Jewar) airport. The strategic locations planned for the […]
The HPCL board has approved the lube modernisation and bottoms upgradation project at the Mumbai refinery in Maharashtra. The project involves expanding the capacity for lube oil base stocks (LOBS) production from 475 kilotonnes per […]
In a notable development, the Bharat Petroleum Corporation Limited (BPCL) board has accorded approval for the commencement of pre-project activities at an estimated cost of Rs 61 billion for the greenfield oil refinery-cum-petrochemical complex in […]
Mangalore Refinery and Petrochemicals Limited (MRPL) has commissioned the new bitumen production unit at Mangalore, Karnataka. In 2022, MRPL undertook the development of a new bitumen production unit featuring cutting-edge Biturox technology from Porner, Austria. […]
HPCL LNG Limited, a wholly owned subsidiary of Hindustan Petroleum Corporation Limited (HPCL), has commissioned the Chhara liquefied natural gas (LNG) terminal. The LNG cargo ship, Maran Gas Coronis, was berthed at the terminal on […]
The Maharashtra Airport Development Corporation has approved the transfer of approximately 786 hectares of land under the Nagpur (MIHAN) International airport project. Formalities of the land transfer are likely to be completed by April 2025. […]
On January 10, 2025, the Bihar cabinet approved the proposal for the acquisition of 89.75 acres of land worth Rs 2.45 billion for the transformation and development of Darbhanga airport into an international one. The […]
Under the Union Budget 2025-26, the centre has re-emphasised its strategic focus on Viksit Bharat 2047 and infrastructure development, a key catalyst in this journey. Other prominent themes include agriculture, MSME, investment, and exports. In […]
The new Bharatiya Vayuyan Adhiniyam 2024 has reportedly come into force from January 1, 2025. The new act was cleared by the Rajya Sabha in December 2024 and aims to replace the 90-year-old Aircraft Act, […]
Adani Road Transport Limited has emerged as the highest bidder for toll-operate-transfer (TOT) bundle 15 with a bid of Rs 16.92 billion. Under TOT 15, the concessionaire will have toll collection rights for 20 years. […]
Ashoka Buildcon Limited (ABL) and its subsidiary, Ashoka Concessions Limited (ACL), have entered into an SPA with Edelweiss’s infrastructure funds, Epic Concesiones 2 Private Limited, Infrastructure Yield Plus II, and Infrastructure Yield Plus IIA to […]
POWERGRID Infrastructure Investment Trust (PGInvIT) has completed the acquisition of 26 per cent equity shares of four SPVs from Power Grid Corporation of India Limited (POWERGRID) for Rs 5.06 billion. The SPVs include POWERGRID Kala […]
JSW Neo Energy, a wholly-owned subsidiary of JSW Energy, has entered into a definitive agreement to acquire O2 Power Midco Holdings, O2 Energy SG and their subsidiaries from O2 Power for Rs 124.68 billion. O2 […]
JSW Energy has acquired KSK Mahanadi Power Company for Rs 159.85 billion. KSK Mahanadi entered into a corporate insolvency resolution process in 2020 after defaulting on around Rs 293.3 billion in debt repayments. Other bidders […]
Sterlite Power has successfully raised Rs 7.25 billion in a primary fundraising round from GEF Capital Partners and ENAM Holdings. This is the first fundraising initiative for the Global Products and Solutions (GPS) business since […]
Transrail Lighting has launched its IPO to raise Rs 8.39 billion. The IPO comprised a fresh issue of 9.3 million shares aggregating to Rs 4 billion and an offer for the sale of 10.1 million […]
Capital Infra Trust, an InvIT, saw an oversubscription of 2.8 times for its IPO. The issue aimed to raise Rs 15.78 billion, comprising a Rs 10.77 billion fresh issue and an offer for sale of […]
Greaves Electric Mobility Limited has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India for an initial public offering (IPO). The IPO comprises a fresh issue of Rs 10 […]
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