The Hindustan Construction Company (HCC) has raised Rs 4.98 billion through a rights issue of its equity shares. The issue was oversubscribed with HCC receiving applications worth Rs 5.51 billion. The company will retain Rs […]
The board of the Oil and Natural Gas Corporation (ONGC) has approved a buyback of 252.9 million shares for Rs 40.22 billion as part of the government’s plan to get cash-rich public sector units to […]
Reliance Jio Infocomm Limited (RJIL) has extended the validity of its asset sale pact with Reliance Communications (RCOM) by six months from December 28, 2018 to June 28, 2019. The transactions are to be consummated […]
US-based Global Infrastructure Partners (GIP) has reportedly commenced the process of monetising its road platform, Highway Concessions One Private Limited (HC1). HC1 comprises seven road assets, of which five are toll roads and two are […]
NHPC Limited will acquire Lanco Infratech’s 500 MW Teesta hydroelectric project (HEP) in Sikkim, which was under insolvency proceedings, tentatively for a value of Rs 9 billion after emerging as the successful bidder. The takeover […]
Hero Future Energies is likely to acquire solar power assets from Waaree Energies Limited. The value of the transaction is expected to be Rs 5 billion-Rs 5.5 billion. Currently, Waaree Energies has a 100 MW […]
RJIL has decided to create two wholly owned subsidiaries for its fibre and tower businesses. RJIL’s board has approved the demerger. This move will enable the companies to work as separate infrastructure providers, a company […]
P.K. Mohapatra, director, technical, NTPC Limited, brings to the table over 37 years of experience, ranging from concept to commissioning of power plants. In his current role, he is responsible for investment approval of projects, engineering function of new projects as well as […]
As chief executive officer of Aditya Birla Sun Life Pension Management Limited (ABSLPML) since November 2016, Sashi Krishnan is currently at the helm of affairs of the organisation. ABSLPML acts as the pension fund manager […]
APM Terminals Mumbai has achieved a record of handling more than 2 million twenty-foot equivalent units (TEUs) throughput in 2018 for the first time since the terminal was commissioned in 2006. It is the only […]
Oriental Structural Engineers Private Limited has received the Gold award for two categories in the Annual Awards for Excellence in National Highways organised by the Ministry of Road Transport and Highways (MoRTH). It received the […]
Navayuga Infotech has secured an order to implement its port management system, PortKonnect, for Dubai Customs, UAE. The project involves customisation, implementation and support of vessel and berth management systems for three ports, namely, Dubai Creek, […]
Bentley Systems Incorporated has acquired ACE enterprise Slovakia, a provider of innovative technology solutions to interface with enterprise resource planning (ERP), enterprise asset management and geographic information systems. It has been a technology partner of […]
The high level of stress in the power sector has been a contentious issue for a long time. At a recent India Infrastructure conference, panelists share their views on measures taken to crack down on […]
The Indian automobile sector has been growing at a rate of 11 per cent and has emerged as the fifth largest automobile market in the world. The alarming air pollution level in the country, to […]
Given the ever-increasing volume of traffic in Indian cities, a well-planned urban transport system assumes vital importance. To this end, the government is exploring the possibility of increasing the share of electric vehicles (EVs), a […]
“There is a need for major technological innovations and disruptions in e-mobility”Over the past two to three years, the government has been increasingly advocating electric mobility with the aim of increasing the share of electric […]
The government has set yet another ambitious target to increase the sales of electric vehicles (EVs) to 30 per cent by 2030. In the past few years, the government has taken several measures such as […]
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