16 Sep 2025

L&T is planning to sell over 90 per cent of its Hyderabad Metro stake to the Telangana or Central Government through a new SPV due to ongoing operational and financial difficulties. Delays in government support, property acquisition, alignment changes, and COVID-19 impacts have increased losses and cost overruns. Revenues declined by 21 per cent in 2024-25, while losses rose 13 per cent. Previous claims against the state reached INR 5,000 crore. L&T has also stated that it cannot participate in the upcoming Phase II-A and II-B expansions due to these financial and operational challenges.Read more

16 Sep 2025

Vedanta has commenced the process of acquiring land in Dhenkanal, Odisha, for its proposed three million tonnes per annum aluminium smelter. The project, described as capital-intensive and long-term, is expected to take three to four years for completion and has the potential to generate more than two lakh jobs. The company also plans to expand billet capacity and set up an aluminium park in Jharsuguda, inviting downstream players to participate. Industry leaders highlighted aluminium's critical role in India's growth journey.Read more

16 Sep 2025

The Maharashtra government has signed an MoU with Lodha Developers to set up a Green Integrated Data Centre Park in Palava City, Dombivli, near Mumbai. Spread across 370 acres in Ambernath, Thane, the project will have a planned 2-gigawatt capacity and attract INR 30,000 crore in investment. The park will host leading domestic and global data centre companies, creating around 6,000 jobs. Part of Maharashtra's Green Data Centre Parks policy, the facility will run on renewable and alternative energy. With India's data centre capacity projected to rise from 8.3 GW to 20-25 GW by 2030, this project strengthens Mumbai's position as a key hub for digital and clean energy infrastructure.Read more

16 Sep 2025

Serentica Renewables, an independent power producer established in 2022, is preparing to expand its renewable capacity from 1 GW at present to 7.5 GW by late 2027. The plan includes 3 GW of government-backed projects, making up 40 per cent of its overall target. In the current financial year, the company has secured power purchase agreements and a Letter of Award totalling 650 MW with NTPC, SECI, NHPC, and SJVN. These projects will come up across Rajasthan, Maharashtra, Karnataka and Andhra Pradesh. Serentica also continues to work towards its 2030 goal of 17 GW with storage-linked clean energy solutions.Read more

15 Sep 2025

The construction of the new Sadhu Vaswani Bridge in Pune's Koregaon Park area has reached around 50% completion, with the completion timeline now extended to March 2026. The delay is mainly due to the challenges of building over active railway tracks and rerouting essential utilities. Since the old bridge's demolition in 2024, commuters have faced long traffic diversions, affecting daily travel. The Pune Municipal Corporation (PMC) is working closely with railway authorities to manage disruptions and ensure the project progresses efficiently, while the new bridge aims to improve connectivity and ease congestion in the area.Read more

15 Sep 2025

Delhi's Indira Gandhi International Airport is set to expand its capacity to 100 million passengers annually with the reopening of Terminal 2 in late October. Built 40 years ago, the terminal was closed for renovation earlier this year to upgrade facilities and improve passenger handling. From the night of October 25-26, around 120 daily domestic flights operated by Air India and Indigo will move to T2, while Terminals 1 and 3 continue operations. The airport, with four runways, currently handles about 1,400 flight movements each day.Read more

15 Sep 2025

The Maharashtra government has cleared the INR 23,487 crore Metro Line 11 project, running 17.5 km from Wadala's Anik Bus Depot to SPM Circle near the Gateway of India, with 14 stations-13 underground. The project will be funded jointly by the state (INR 3,137 crore), the centre (INR 3,137 crore), Brihanmumbai Municipal Corporation (INR 2,411 crore) and Mumbai Port Authority (INR 804 crore), with a 60% loan from financial institutions. The fare slab is fixed between INR 10 and INR 70, rising by INR 10 every three stations, and the line aims to ease traffic congestion and integrate with other metro lines.Read more

15 Sep 2025

Mumbai's historic Elphinstone Road Over Bridge, a key east-west link connecting Parel and Prabhadevi, will be closed for vehicular traffic ahead of its demolition and reconstruction. The bridge, over a century old, will be replaced with a modern double-decker structure as part of the Sewri-Worli Elevated Connector project by MMRDA. The upgraded bridge will feature dual carriageways on both levels, enhancing connectivity between central Mumbai, the Mumbai Trans Harbour Link, and the Bandra-Worli Sea Link. A detailed traffic management plan has been devised to minimise inconvenience during the closure.Read more

15 Sep 2025

Adani Power has announced plans to establish a 2,400 MW ultra super-critical power plant in Pirpainti, Bhagalpur district, Bihar, with an investment of USD 3 billion (around INR 26,482 crore). The company has signed a 25-year Power Supply Agreement with Bihar State Power Generation Company Ltd. to provide electricity from the new facility. The project, awarded under the lowest bid rate of INR 6.075 per KWh, will follow a Design, Build, Finance, Own, and Operate (DBFOO) model. The plant is expected to generate significant employment during construction and operations.Read more

15 Sep 2025

Haryana has crossed 2.1 gigawatts (GW) of solar capacity and is adding rooftop solar across homes, industries, and institutions. The state has distributed more than 1.65 lakh solar irrigation pumps under the PM-KUSUM scheme, helping farmers save costs while lowering emissions. Haryana has also built a 10 MW solar plant in Panipat, developed over 448 MW of ground-mounted projects, sanctioned 13 solar parks, and declared Panchkula as a Model Solar City. With discussions for a potential INR 1,000 crore investment from the Philippines, Haryana is seeking to expand decentralized energy solutions in villages, aligning with India's wider renewable energy and climate goals.Read more