The Indian Railways is cash-strapped, accident-prone and suffering from slow revenue growth. It is also the single most important element in the domestic transport infrastructure and it has ambitious plans. If all goes well, it […]
Improving the ease of travel for passengers has been a key focus area of the Ministry of Railways (MoR). Launched in 2015, the station redevelopment programme envisages the redevelopment of 400 stations across 100 cities. […]
With an investment of more than Rs 800 billion, the Dedicated Freight Corridor (DFC) project is one of the largest ongoing infrastructure projects in the country. Till recently, progress under the project was slow due […]
April Issue 2018
Japanese firm Softbank has signed an agreement with China’s Golden Concord Group Limited (GCL) to set up a JV firm in India at an investment of $930 million. The venture will manufacture and sell solar […]
A subsidiary of Energy Efficiency Services Limited (EESL), EESL EnergyPro Assets Limited, has acquired UK-based power generation solutions provider Edina Power Services for $76 million (Rs 4.93 billion). The acquisition will allow EESL to expand […]
Sterlite Power Transmission Limited (SPTL) has acquired Goa-Tanmar Transmission Project Limited for Rs 15 billion. Upon completion, the project is expected to transmit 400 kV of power in Goa and will scale up the transmission […]
Russia-based Sistema has emerged as the highest bidder for RCOM’s remaining assets, valuing them at $1.5 billion. These assets comprise overseas and enterprise telecom businesses and data centres. Sistema’s bid stands at $1.2 billion in […]
The American Tower Corporation (ATC) has completed the acquisition of telecom towers held by Vodafone India for Rs 38 billion. This will consolidate ATC’s position as the country’s second largest telecom tower company. In November […]
ReNew Power Ventures Private Limited has acquired Ostro Energy Private Limited from PE firm Actis Capital for an undisclosed amount. Further, the existing investor, the Canada Pension Plan Investment Board, will make an additional investment […]
US-based PE firm Global Infrastructure Partners (GIP) has struck a rare secondaries deal in India to buy the entire infrastructure portfolio of IDFC Alternatives, a local multi-asset PE firm. IDFC Alternatives manages two infrastructure funds, […]
Bharti Airtel is planning to sell a stake in Bharti Telemedia, its direct-to-home arm, in a bid to raise funds. It has received board approval for the transfer of 19 per cent stake in Bharti […]
IOCL bid for a stake in Vietnam’s Binh Son Refining and Petrochemical Company in February 2018. It has submitted an EoI for becoming a strategic partner in the Vietnamese company by taking a 49 per […]
The Dredging Corporation of India (DCI) has won the contract for maintenance dredging of naval sites at Mumbai port for 2018-19. The contract value is Rs 307.6 million. The dredging works will be carried out […]
Hindustan Infralog Private Limited (HIPL), a joint venture (JV) between DP World and the National Investment and Infrastructure Fund (NIIF), has announced the acquisition of a 90 per cent stake in Continental Warehousing Corporation (Nhava […]
Asia-focused private equity (PE) firm ADV Partners has invested $105 million (Rs 6.85 billion) in infrastructure services provider Feedback Infra Private Limited. The deal, which was a combination of debt and equity, also involved a […]
Fairfax India Holdings Corporation is expected to buy an additional 6 per cent stake in Bangalore International Airport Limited (BIAL) from Siemens Project Ventures GmbH for about $67 million. The deal is expected to be […]
Sistema Shyam TeleServices Limited (SSTL), the Indian telecom arm of Russia-based Sistema, has sold a little over 2 per cent of its equity holding in Reliance Communications (RCOM) in the open market. Post this, its […]
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