Sembcorp Industries Limited has agreed to buy private equity (PE) firm IDFC Alternatives’ stake in its Indian renewable energy unit. The company’s wholly owned subsidiary Sembcorp Utilities Private Limited will take complete control of Sembcorp […]
Adani Transmission Limited is reportedly planning to raise fresh equity capital of up to Rs 30 billion through a qualified institutional placement. The funds raised will most likely be used for meeting capital expenditure requirements […]
The initial public offering (IPO) of Bharat Road Network Limited (BRNL) was fully subscribed on day three of the bidding process. According to Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) data, the issue […]
The Ministry of Road Transport and Highways (MoRTH) is planning to raise Rs 150 billion from the Employees’ Provident Fund Organisation (EPFO) to fund its highway construction programme. It plans to issue National Highways Authority […]
The State Bank of Indiaplans to raise up to $3 billion in the country’s biggest overseas green bond issue, tapping investors such as BlackRock, IFC and JP Morgan-backed entities for funding projects that will help […]
The Asian Infrastructure Investment Bank (AIIB) is planning to pump in $1.5 billion (Rs 95.99 billion) in six new projects in India. The $1.5 billion proposed investment by AIIB, is for the Mumbai Metro Line […]
TheInternational Finance Corporation (IFC) is likely to provide debt financing worth $150 million to ACME Jaipur Solar Power Private Limited, for the construction of a 250 MW solar plant in Madhya Pradesh. Around $50 million […]
The Kerala government has allotted Rs 1.29 billion to Kochi city as central assistance for projects to be implemented under AMRUT. Of this amount, Rs 530.1 million (about 41 per cent) has been allotted for […]
The Urban Development Department of the Maharashtra government has issued a notificationapproving funds for 18 sewage and water management projects being implemented by14 municipal corporations across the state. In order to ensure their timely completion, […]
Funds of over Rs 2 billion have been allocated for Jammu under the Atal Mission for Rejuvenation and Urban Transformation (AMRUT). Several other major towns of the state will also be covered under AMRUT so […]
The Kerala Infrastructure Investment Fund Board has sanctioned Rs 1.09 billion for the Anayadi-Koodalroad project. The scope of the project involves the construction of a 35.1 km road between Anayadi and Koodal in Kerala.
The Charbagh-Transport Nagar priority section of the Lucknow metro rail project in Uttar Pradesh has been inaugurated and opened for public use. The 8.5 km stretch, which covers eight stations, has been developed under Phase […]
BSNL has partnered with Coriant to undertake research and deploy 5G-based industrial internet applications for enterprises. Coriant will leverage 5G technology and its design network architecture to facilitate service innovation for enterprises. The arrangement currently […]
The MoRTH has inaugurated 12 national highway projects worth Rs 56.1 billion and launched 11 projects worth Rs 94.9 billion in Rajasthan. The inaugurated projects include a six-lane cable bridge across Chambal at Kota entailing […]
Wind power tariffs touched a record low of Rs 3.42 per unit compared to the previous low of Rs 3.46 per unit (discovered in the Solar Energy Corporation of India’s auction in February 2017), at […]
JSW Infrastructure Limited has inaugurated an edible oil terminal at Jaigarh port. Edible oil carrier, MT Zao Galaxy, made the maiden call at the port on August 17, 2017. The Handymax vessel, with 159.03 metre […]
Air India concluded the bidding process for 14 of its properties located in different parts of the country on August 31, 2017. The airline managed to receive bids worth more than the reserve price for […]
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