NDR InvIT, a warehousing infrastructure investment trust (InvIT), has raised $75 million (approximately Rs 6.3 billion) from the International Finance Corporation (IFC) in domestic currency sustainability-linked bonds. The proceeds from the funds raised will be […]
Bharat Petroleum Corporation Limited (BPCL) has signed a loan agreement for Rs 318.02 billion for projects planned in Bina, Madhya Pradesh. The proceeds will be utilised to finance the development and operation of a petrochemical […]
Housing and Urban Development Corporation Limited (HUDCO) has sanctioned a Rs 270 billion loan for the Bengaluru Development Authority (BDA) to expedite the Bangalore Business Corridor project. The project is slated to commence within two […]
Power Grid Corporation of India Limited (PGCIL) has signed a green loan agreement with Sumitomo Mitsui Banking Corporation (SMBC) for a $200 million facility, with an additional greenshoe option of $150 million. The funds will […]
ACME Solar Holdings Limited’s subsidiary, ACME Renewtech Private Limited, has secured a term loan of Rs 19.88 billion from Power Finance Corporation Limited (PFC) to fund the development and construction of a 300 MW solar-wind […]
The central government has announced a Rs 13.38 billion project to construct a 28-km access-controlled highway in Tamil Nadu. Designed to enhance traffic flow, the highway will include a four-lane main carriageway with paved shoulders, […]
The central government has allocated an additional 5 GW capacity to Rajasthan under the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) (Component A) scheme. The Ministry of New and Renewable Energy notification outlines […]
The Ministry of Power (MoP) has issued new guidelines for the installation and operation of battery swapping and charging stations, offering a significant boost to India’s electric vehicle (EV) ecosystem. These guidelines, titled “Guidelines for […]
The Central Electricity Regulatory Commission (CERC) has notified the CERC (Deviation Settlement Mechanism and Related Matters) (First Amendment) Regulations, 2024. It has revised the provisions of the principal regulations to address implementation challenges and streamline […]
IRCON International Limited has completed the construction work on the Kiul-Gaya Line Doubling Project (Coal Connectivity). The project involved doubling, along with electrification of 124.3 km long Kiul-Gaya railway line in Bihar with an investment […]
The central government has approved the national critical mineral mission (NCMM) with an expenditure of Rs 163 billion to focus on mineral exploration, mining, beneficiation, processing, and recovery from end-of-life products. The public sector undertakings […]
Larsen and Toubro Limited (L&T) has casted their first pile cap at Agra Cantonment for package AGCC-07 under the Agra metro project phase I. The company will cast 761 piers to build the viaduct for […]
The Commissioner of Railway Safety (CRS) conducted a safety inspection on the 9.93 km long Kaparpura-Piprahan rail section of the Muzaffarpur-Sagauli Railway Line Doubling Project. The project involves doubling of the 100.6 km long Muzaffarpur-Sagauli […]
The Central Electricity Authority (CEA) has issued the “Guidelines for Benchmarking of Operation & Maintenance Norms for Distribution Utilities”. The guidelines have been developed to standardise operation and maintenance (O&M) norms across the sector. The […]
As per reports, the Vizhinjam deep-water transshipment port has achieved a significant milestone by handling 0.3 million twenty-foot equivalent unit (TEUs) of throughput during its six-month trial run. During this period, 150 ships, including five […]
The Union Government announces the Economic Survey 2024-25. They key highlights of the survey are as follows: In the roads and bridges sector, around 6,215 km of roads was constructed in 2023-24, during the April-December period. […]
South Eastern Railway has completed doubling works of the 100 km long section between Hatia and Kanaroan of the Ranchi (Hatia)-Bondamunda Rail Line Doubling Project. The project involves doubling of 158.5 km long Ranchi (Hatia)-Bondamunda […]
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