The Ministry of Coal has announced the selected applicants under Category II of the financial incentive scheme with a financial outlay of Rs 85 billion. The scheme is open to both private companies and government […]
The central government has approved the National Critical Mineral Mission with an expenditure of Rs 163 billion to focus on mineral exploration, mining, beneficiation, processing and recovery from end-of-life products. PSUs and private companies are […]
Reportedly, the central government has allocated an investment of Rs 4.88 billion under the Power System Development Fund for nine new schemes in Telangana to strengthen the state’s power grid and ensure reliable electricity supply. […]
The Greater Chennai Corporation (GCC) has sanctioned funds worth Rs 2 billion for the development of stormwater drainage (SWD) in uncovered areas of Chennai, Tamil Nadu. The work is likely to commence in February 2025. […]
The National Highways Authority of India (NHAI) plans to invest over Rs 150 billion in new highway projects across Uttar Pradesh to enhance cargo and passenger movement. Several districts, including Kanpur, Bareilly, Barabanki, Bahraich, Agra, […]
The expansion of the tonnage tax scheme proposed in the new Income Tax Bill, 2025 will offer significant benefits to domestic shipping companies. The revised provisions extend the tax regime to Indian inland vessels under […]
The Central Electricity Authority (CEA) has issued the Guidelines for Benchmarking of Operation and Maintenance [O&M] Norms for Distribution Utilities. The guidelines have been developed to standardise O&M norms across the sector. The guidelines include […]
The Ministry of New and Renewable Energy (MNRE) has issued the Solar Systems, Devices, and Components Goods Order, 2025, setting performance standards for solar modules, inverters and storage batteries. The order aims to improve the […]
Varanasi-Aurangabad NH-2 Tollway Private Limited (VAH), fully owned by the ROADIS Group, has successfully raised Rs 26.30 billion ($316.30 million) via dollar-denominated bonds. The bonds have a 5.9 per cent interest rate and a nine-year […]
The Asian Development Bank (ADB) has approved a $200 million loan for the development of climate and disaster-resilient sewerage and drainage infrastructure in Kolkata. The fund will enable the Kolkata Municipal Corporation’s sustainability, hygiene, and […]
The Ministry of New and Renewable Energy (MNRE) has proposed the introduction of a renewable energy financing obligation (REEFO) to secure dedicated financial support for India’s renewable energy sector. REEFO aims to mandate financial institutions […]
The National Company Law Tribunal (NCLT) has approved the sale of IL&FS’s Chennai Nashri Tunnelway to Cube Highways for Rs 60 billion. The deal’s execution and final approvals are still awaited. For secured lenders, recovery […]
Dynolt Technologies has raised $1.7 million in a seed funding round led by Transition VC, with additional investment from angel investor Yashowardhan Shah. The funding will support the expansion of Dynolt’s product line into high-power […]
Cube Highways Trust has raised Rs 6 billion through bond issuance. The issue comprised of 60,000 NCDs at a face value of Rs 0.1 million each, with a duration of 19 years and 1 month […]
The Mumbai Metropolitan Region Development Authority (MMRDA) secured a loan of Rs 73.26 billion from Union Bank of India for implementation of Orange Gate-Marine Drive Underground Road Tunnel Project. The project involves construction of 6.51 […]
Cube Highways Infrastructure Investment Trust (InvIT) has entered into a share purchase agreement (SPA) with the National Investment and Infrastructure Fund Limited (NIIF) to acquire two road assets valued at Rs 41.84 billion. The deal […]
ONGC NTPC Green Limited (ONGPL), a joint venture (JV) between ONGC Green and NTPC Green Energy Limited, has signed a share purchase agreement to acquire a 100 per cent equity stake in Ayana Renewable Power […]
Cube Highways Trust, a highways sector infrastructure investment trust (InvIT) has raised Rs 8.6 billion through sustainability-linked bonds (SLB) from the International Finance Corporation (IFC). It marks the first SLB issuance by a roads sector […]
REC Limited signed an agreement with Chenab Valley Power Project Limited (CVPPL) to provide a Rs 21.48 billion term loan for the development and construction of the greenfield Pakal Dul Hydro Electric Project (HEP). The […]
Indus Towers’ board has approved the acquisition of telecom assets from Bharti Airtel and Bharti Hexacom for up to Rs 33.08 billion through a slump sale. The transaction comprises the acquisition of passive infrastructure assets/ […]
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