03 Jun 2025

Mahatma Phule Renewable Energy and Infrastructure Technology Ltd (MAHAPREIT) and NLC India Renewables Limited (NIRL), a wholly-owned subsidiary of NLC India Ltd, inked a Joint Venture Agreement (JVA) in Mumbai earlier this week. This strategic alliance aims to spearhead renewable energy development across Maharashtra, beginning with 500 MW and scaling up to 5000 MW. The new joint venture company (JVC) will focus on solar, wind, hybrid, floating solar, battery energy storage systems (BESS), pumped storage, and solar parks. NIRL will hold a 74% stake in the JVC, while MAHAPREIT will hold the remaining 26%.Read more

03 Jun 2025

Adani Ports and Special Economic Zone Ltd (APSEZ) has raised INR 5,000 crore through its largest-ever domestic bond issue, a 15-year Non-Convertible Debenture (NCD) fully subscribed by LIC at a 7.75% coupon rate. The AAA-rated NCDs will be listed on the BSE. The funds will support a planned buyback of APSEZ's USD bonds and extend average debt maturity from 4.8 to 6.2 years. CEO Ashwani Gupta highlighted this as part of a broader capital management strategy to maintain conservative leverage, diversify funding, and back APSEZ's goal of handling 1 billion tonnes of cargo by FY30. In FY25, APSEZ posted INR 20,471 crore EBITDA, reducing its net debt-to-EBITDA ratio to 1.8x. Key projects include Kerala's Vizhinjam port and a Colombo terminal. The successful issuance underscores APSEZ's financial strength and long-term growth ambitions in global transport and logistics.Read more

02 Jun 2025

State-run NHPC is preparing to initiate the commissioning of three out of eight generating units of its flagship Subansiri Lower Hydroelectric Project, each with a capacity of 250 MW, starting next month. This move is subject to receiving approval from the National Dam Safety Authority (NDSA). The remaining five units are planned for phased commissioning by mid-2026. Located on the Subansiri River along the Arunachal Pradesh-Assam border, the 2,000 MW mega project is expected to produce over 7,421 million units annually in a 90 per cent dependable year. Once operational, the project will mark a major milestone in India's renewable energy expansion.Read more

02 Jun 2025

Demand for data centres in Asia Pacific is soaring, driven by rapid AI adoption and growing reliance on cloud services, according to CBRE. Despite projections that data centre capacity will double in three years, the region may face a shortfall of 15-25 gigawatts by 2028 due to limited power infrastructure and a lack of AI-ready facilities. AI-focused data centres require over twice the power density of traditional centres, along with advanced cooling and low-latency networks. Investment remains strong-direct volumes reached USD 4.7 billion in 2024-with developers pursuing asset repurposing and new land acquisitions. Markets like Japan, Australia, Korea, and Singapore are key demand hubs. Investors are advised to focus on advanced, scalable assets through acquisitions and partnerships to capitalise on this growth. Innovation in data centre design will be critical as the region strives to meet rising AI and cloud computing needs.Read more

02 Jun 2025

Delhi's Indira Gandhi International Airport (IGIA) has been ranked among the top 10 hub airports in the Asia-Pacific and Middle East regions in ACI's Air Connectivity Ranking 2024. IGIA secured the 10th spot, with Dubai International Airport topping the list, followed by airports in Shanghai, Doha, Seoul, Guangzhou, Beijing, Bangkok, Singapore, and Kuala Lumpur. The report noted a 14% year-on-year rise in air connectivity, driven by increased international travel and strong airline network recovery. IGIA, operated by Delhi International Airport Ltd (DIAL), now connects to 153 destinations-81 domestic and 72 international. The Hub Connectivity Index evaluates transfer efficiency and onward connectivity. The airport's growing network supports the Indian government's goal to position IGIA as a key global transit hub. This ranking highlights Delhi's expanding role in international aviation and its rising prominence in the global connectivity landscape.Read more

30 May 2025

The Bhubaneswar Development Authority (BDA) has launched Town Planning Schemes 5, 6, and 7 across 846 acres in Dasapur and Malipada as part of its vision for Bhubaneswar New City. A request for proposal has been issued to select a firm for design and implementation support. Public hearings have been held to ensure landowner involvement. These efforts follow the December rollout of 14 TP schemes in Zone IV. BDA plans 45 such schemes across four zones to streamline infrastructure development, including the inner ring road. Under the model, landowners retain 60% of their land post-development. The TP approach is now being replicated in other Odisha cities.Read more

30 May 2025

Assam is accelerating its urban development with three major projects: the Palasbari Satellite Township, the Jagiroad Integrated Township, and a Central Business District (CBD) in Guwahati. The Palasbari project spans 1,500 acres, featuring zones for deep tech, startups, and residential areas, with 20% green cover. The Jagiroad Township, near Tata's semiconductor plant, covers 461 acres, with plans for a 2,000-acre expansion, funded by a INR 1,000 crore Asian Development Bank loan. The Guwahati CBD aims to alleviate urban strain, offering over 10 million sq ft of commercial space and 60% open areas. Collectively, these projects are valued at USD 1 billion.Read more

30 May 2025

Arunachal Pradesh has drawn investment proposals totalling INR 6,357 crore during the Rising Northeast Investors Summit, hosted in New Delhi earlier this week. Sixteen MoUs were signed across vital sectors such as agri-biofuel, afforestation, healthcare, IT, education, tourism, and renewable energy. Key investors include Agri-Biofuel Global Ltd, Developer Group India Pvt Ltd, Inlamobi Pvt Ltd, Medhavi Group, and Farm Native Group. The state's proactive approach, led by Deputy Chief Minister Chowna Mein, has positioned Arunachal Pradesh as a promising destination for sustainable and inclusive growth.Read more

29 May 2025

GMR Airports Ltd (GAL) reported a widened consolidated loss of INR 253 crore for the final quarter of FY25, compared to INR 168 crore during the same period last year, even as total income rose to INR 2,977 crore. For the full fiscal year, however, the company's loss marginally narrowed to INR 817 crore. The operator, which manages key airports including those in Delhi, Hyderabad, Goa's Mopa, and Medan in Indonesia, saw a 9% year-on-year increase in passenger traffic. A new tariff order, effective from mid-April, is expected to enhance revenues and profitability in the coming years.Read more

29 May 2025

The Maha Mumbai Metro Operation Corporation Limited (MMMOCL) has implemented a comprehensive monsoon preparedness strategy for Metro Lines 2A and 7 to maintain uninterrupted services and ensure commuter safety throughout the season. Under the leadership of MMRDA Chairman and Deputy CM Shri Eknath Shinde, Chief Minister Shri Devendra Fadnavis, and Metropolitan Commissioner Dr. Sanjay Mukherjee, the initiative includes technical inspections, safety reinforcements, infrastructure upgrades, and real-time monitoring. Field-level execution has also been strengthened with nodal officers, dewatering pumps, traffic management personnel, and a dedicated monsoon control room functioning round-the-clock.Read more