Sekura Energy Limited, which is backed by the Edelweiss Infrastructure Yield Plus fund, has agreed to acquire a stake in two operating power transmission assets of Essel Infraprojects Limited, namely, Darbhanga-Motihari Transmission Limited and NRSS […]
Edelweiss asset reconstruction company (ARC) has partnered with US-based alternative investment manager Oaktree Capital and other US investors to buy about 90 per cent of GTL Infrastructure’s loans, from a consortium of lenders, in a […]
The government is planning to roll out the Cape Town Convention Act which will help reduce risks related to asset-based financing and leasing transactions in the civil aviation sector. The main objective of the convention […]
The Ministry of Civil Aviation has cleared the international air connectivity scheme for Guwahati under which Guwahati airport will be connected to seven countries – Singapore, Bangladesh, Bhutan, Nepal, Myanmar, Malaysia and Vietnam. As per […]
ITD Cementation India Limited has won a contract worth Rs 3.58 billion for the construction of a new integrated terminal building, reconstruction of the old terminal building and other modification works at Pune (Lohegaon) airport. […]
The Ministry of Home Affairs has given security clearance for the construction of the Mopa International Airport in North Goa. The airport will be constructed by the special purpose vehicle (SPV) – GMR Goa International […]
The government has prepared a new revival plan for Air India which involves transferring the airline’s working capital debt of about Rs 290 billion to an SPV known as Air India Assets Holding Limited. At […]
The central government has cancelled the routes that were awarded to two airlines – Air Odisha and Air Deccan – under Phase I of the Regional Connectivity Scheme as both the airlines were unable to […]
CDB Aviation has signed a long-term lease agreement with SpiceJet for leasing three of its Boeing 737 Max 8 aircraft. This will help SpiceJet expand operations to international destinations and standardise its fleet. These efficient […]
The government is considering a gas allocation mechanism for electricity generating units by pooling deep sea gas sourced by the Oil and Natural Gas Corporation (ONGC) with imported liquefied natural gas (LNG). It is also […]
The Directorate General of Hydrocarbons (DGH) has begun ranking India’s oil and gas fields. This is being done to bring in competition in the domestic market and help boost domestic output which has been stagnant […]
Bharat Petroleum Corporation Limited (BPCL) plans to shut its 120,000 barrels per day (bpd) crude unit and some secondary units at its Kochi refinery for three weeks starting December 1, 2018. This shutdown is for […]
The Petroleum and Natural Gas Regulatory Board (PNGRB) has invited electronic bids from interested parties for the development of city gas distribution (CGD) networks in the 50 geographical areas (GAs) it is offering under the […]
The US has agreed to grant India a waiver from Iran sanctions. This will allow Indian oil companies to continue to import about 1.25 million tonnes (mt) of oil per month from Iran till March […]
The Supreme Court has ruled that no Bharat Stage-IV (BS-IV) vehicle will be sold across the country with effect from April 1, 2020. In 2016, the centre had announced that India would skip BS-V norms […]
ONGC is in the process of drawing up a perspective plan to integrate the recently acquired Hindustan Petroleum Corporation Limited (HPCL) and the OPaL petrochemical plant at Dahej, with its main oil and gas exploration […]
The government has inaugurated a modernised cruise terminal facility at West Quay-IV at Chennai port. The cruise terminal is spread over an area of 2,880 square metres, with 2,040 square metres on the first floor, […]
Hindustan Infralog Private Limited, a joint venture (JV) of DP World and National Investment and Infrastructure Fund Limited, has secured a contract of Rs 5.67 billion ($78 million) for the development and operations of a […]
As of September 30, 2018, the Indian shipping industry had a fleet of 1,393 vessels of 12.75 million gross tonnage (GT) and 19.29 million deadweight tonnage (DWT). Of the total vessels, 938 were coastal vessels […]
An MoU has been signed between India and Myanmar for the appointment of a private port operator for operations and maintenance (O&M) of Sittwe port, the Paletwa inland water terminal and associated facilities. The port […]
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