Although the water supply and waste market is large and fragmented and is served by several private firms, a few major companies have emerged as leading players. Over the past few years, private players in […]
Aditya Birla Asset Reconstruction Company [ARC] Limited has agreed to acquire part of the debt that RattanIndia Power Limited owes its lenders for a 1,350 MW thermal power plant in Amaravati. The deal is part […]
Reliance Communications (RCOM) has decided to file for insolvency as its lenders have received zero proceeds from its proposed asset monetisation plans even after a period of 18 months. The move comes after RCOM’s asset […]
The Uttar Pradesh government, under the state budget 2019-20, has allocated Rs 8 billion for development of the proposed Jewar greenfield airport. As soon as the earmarked funds are transferred to the district administration, construction […]
The Gujarat government signed an MoU with the Airports Authority of India (AAI) for development of the Dholera (Federa) International Airport on January 19, 2019. As per the MoU, Dholera airport will be developed in […]
The central government laid the foundation stone for the Bhogapuram greenfield international airport project (Vizianagaram) on February 14, 2019. The project will be developed at an investment of Rs 42.09 billion on a public-private partnership […]
The central government laid the foundation stone for Phase II of the Chennai airport modernisation project on February 10, 2019. The modernisation works, expected to involve at an investment of Rs 24.67 billion, include enhancement […]
The Andhra Pradesh government inaugurated the Orvakal greenfield airport located in Kurnool district on January 9, 2019. With this development, commercial flight services from the airport are expected to commence by April 2019. The airport […]
Etihad Airways has purchased Jet Airways’ tickets worth $35 million (Rs 2.52 billion) in advance through its loyalty programme Jet Privilege, thereby infusing funds into the ailing airline. The tickets will be offered to Jet […]
The Ministry of Petroleum and Natural Gas launched the third bid round under the Open Acreage Licensing Policy on February 10, 2019. Under this round, 23 blocks, covering an area of over 31,000 square km […]
The central government has amended the model revenue sharing contract for the second round of bidding under the Discovered Small Fields [DSF] Policy. The amendments include termination of contract in case a contractor fails to […]
Under the second round of DSF auctions, a total of 39 firms have submitted bids. These comprise five public sector undertakings (PSUs), 28 private firms and six foreign companies. Of the total 145 bids received, […]
A total of 225 firms have submitted bids for development of city gas distribution (CGD) networks in 50 geographical areas (GAs) under the tenth round of CGD bidding. Bids have been received from Adani Gas […]
The central government has inaugurated Phase III of the Kochi integrated refinery expansion project and laid the foundation stone for the polyol, propylene glycol and monoethylene glycol petrochemical project at the Kochi refinery on January […]
The Gujarat government has signed MoUs for three terminal projects in Gujarat. The projects are the Dahej liquefied natural gas (LNG) terminal expansion (Phase II) project, the Mandvi crude oil terminal project and the Hazira […]
An MoU has been signed between the Adani Group and BASF for a Rs 160 billion petrochemicals production hub at Mundra in Gujarat. The firms will form a JV, in which BASF is expected to […]
The Gujarat government signed an MoU with Foresight Group International on January 18, 2019 for setting up a compressed natural gas (CNG) terminal on the Gujarat coast. The project involves development of CNG receiving infrastructure […]
The central government has committed an investment of about Rs 1 trillion over the next five years for the development of various projects at Paradip port. These projects are either at different stages of planning […]
The Committee of Creditors has approved the resolution plan submitted by the Jawaharlal Nehru Port Trust (JNPT) to buy Dighi Port Limited (DPL) under the Insolvency and Bankruptcy Code, 2016. JNPT has quoted an upfront […]
During the first 10 months (April-January) of fiscal 2018-19, the major ports handled 578.86 million tonnes (mt) of traffic, compared to 561.39 mt in the corresponding period of 2017-18, an increase of 3.11 per cent. […]
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