01 Jul 2025

Inox Neo Energies, a subsidiary of Inox Clean Energy Ltd, has acquired Skypower Solar India for an enterprise value of INR 265 crore. The deal includes a 50 MW (AC) / 57.5 MW (DC) solar project located in Khandwa, Madhya Pradesh, which was commissioned in FY18. The project is backed by a 25-year power purchase agreement with Madhya Pradesh Power Management Company Ltd (MPPMCL). The acquisition supports Inox's plan to expand its renewable energy portfolio and is part of its broader goal to reach 3 GW of hybrid installed capacity over the next two to three years.Read more

01 Jul 2025

MMRDA has cut the estimated cost of the planned Uttan-Virar sea link project from INR 87,427 crore to INR 52,652 crore, saving around INR 35,000 crore. The reduction comes after a redesign that changed lane configurations from 4+4 to 2+2 lanes and shifted from a twin-pillar to single-pillar structural design. The sea link portion was also shortened from 24.4 km to 19 km, while the project's total length remains 55.1 km. About 72% of the new cost will be financed through loans, with the rest via state equity. Deputy CM Eknath Shinde has asked MMRDA to speed up approvals and submit a detailed project report.Read more

30 Jun 2025

The Uttar Pradesh government has acquired 600 acres in Gorakhpur's Dhuriyapar area to build the Dhuriyapar Industrial Township, also known as Greater GIDA. Spread across 17 villages, the project aims to boost manufacturing in the underdeveloped eastern region of the state. Big names like Adani-ACC, Shree Cement, and Keyaan Distillery have shown interest, with plans for cement plants and distillery units. A specialised electronics cluster is also in the works. The new Gorakhpur Link Expressway will improve logistics, making the township more attractive to investors. This initiative is part of UP's broader push to spread industrial growth and create jobs beyond its western hubs.Read more

30 Jun 2025

Schneider Electric has revealed plans to establish a 500,000 sq. ft. manufacturing unit at Horizon Industrial Park in Hosur, Tamil Nadu, reinforcing its dedication to the 'Make in India' initiative. Developed in partnership with Blackstone-backed Horizon Industrial Parks, the facility will focus on producing battery management systems and related electronics. With features like rooftop solar panels, EV charging stations, and smart lighting, the eco-conscious plant will be built in two phases. This strategic expansion is expected to employ 1,500 individuals and boost Schneider's operational efficiency across southern India.Read more

29 Jun 2025

The BMC has leased an 8,116 sq. m land parcel near Crawford Market, home to the Chhatrapati Shivaji Maharaj Market, for INR 369 crore-13% below the base price of INR 428 crore. Awarded to AAV Developers LLP for 30 years, the deal includes provisions for public infrastructure like a staircase, lift, and escalators for a planned foot over-bridge linking CSMT station to Mahatma Jyotiba Phule Mandai. Despite concerns over public utility and limited bidding-only two offers were received-the sale is part of BMC's strategy to ease financial pressure from infrastructure liabilities, which now exceed INR 2 lakh crore.Read more

29 Jun 2025

The Union Cabinet has approved Phase II of the Pune Metro Rail Project, marking a major boost to the city's public transit network. The new phase includes two elevated corridors-Vanaz to Chandani Chowk and Ramwadi to Wagholi-spanning 12.75 km at a cost of INR 3,626 crore. These extensions build on the existing Vanaz-Ramwadi line and are expected to be completed in four years. The plan includes integration with intercity buses and other metro lines to enhance multimodal connectivity. Aimed at easing traffic congestion, the project is set to transform commuting in Pune's rapidly growing areas through more efficient and accessible transport.Read more

29 Jun 2025

DPIIT has reviewed 18 long-pending issues across 11 infrastructure projects in Eastern and Northeastern India, representing investments over INR 34,213 crore. Chaired by DPIIT Secretary Amardeep Bhatia, the review focused on resolving implementation hurdles through inter-ministerial and state-level coordination. Key discussions included Jharkhand's Patratu Thermal Power Station Expansion and Arunachal Pradesh's INR 1,000 crore hydrocarbon project by GeoEnpro Petroleum, both facing operational delays. The session, held under DPIIT's Project Monitoring Group (PMG), aims to fast-track clearances and boost regional infrastructure. The initiative reflects a focused effort to unlock investments and improve execution efficiency across critical sectors in underserved states.Read more

29 Jun 2025

The Uttar Pradesh government has trimmed the budget for Ghaziabad Municipal Corporation's new Arthala office from INR 110 crore to just under INR 100 crore. Despite the cut, the G+5 green building-spread across 21,000 sq.m-will retain core features like solar systems, rainwater harvesting, and space for 209 civic vehicles. The UP Jal Nigam will execute the project, slated for completion next year. This comes amid Ghaziabad's record-high civic budget of INR 3,722 crore, with major allocations for ward-level infrastructure, roads, drainage, and a new sports complex. The new headquarters is expected to enhance civic operations and address current space limitations.Read more

28 Jun 2025

The Deharji Dam in Palghar district marked a major milestone as it achieved its first live impoundment with partial water storage reaching 5.147 Mcum about 5% of its full capacity- due to steady monsoon rainfall. Funded by MMRDA and executed by KIDC, the dam reached a reduced level of 90.00 metres, triggering overflow at the spillway and indicating both structural integrity and operational readiness. With 80% of construction already completed, the project aims to supply 255 MLD of drinking water to Vasai-Virar, CIDCO Palghar, and nearby villages, with full commissioning targeted by end-2027.Read more

28 Jun 2025

The Firozpur Feeder Reconstruction Project, a joint initiative between Rajasthan and Punjab, is moving forward with approvals and funding commitments. With a sanctioned cost of INR 647.62 crore, the project seeks to enhance the Gang Canal system's capacity to support irrigation in Rajasthan's Sriganganagar and Hanumangarh districts. Punjab has agreed in principle to contribute INR 379.12 crore, while Rajasthan will fund INR 268.50 crore. The initiative is expected to significantly benefit over 3.14 lakh hectares of agricultural land.Read more