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06 Feb 2026
Indian Energy Exchange reported a 19 per cent rise in electricity traded volumes in January, supported by strong growth in the real-time and green power segments. While day-ahead volumes saw moderate gains, real-time trading expanded sharply due to rising grid balancing needs. Renewable energy certificate trading declined year-on-year, with lower volumes and softer prices. Green power volumes increased, though average prices eased due to higher renewable availability. The exchange has lined up new REC trading sessions in February to support ongoing market participation.Read more
06 Feb 2026
Alphabet is expanding its footprint in Bengaluru by leasing one office tower in Alembic City and holding options for two more, potentially accommodating 20,000 additional staff. The company currently operates from three offices in the city and launched one of its largest offices worldwide there in 2025. This expansion aligns with India's growing tech prominence and the increasing relocation of U.S. companies' critical work due to stricter immigration rules. Alphabet's broader plans include a USD 15 billion AI data centre in Andhra Pradesh, reflecting long-term investment in the country.Read more
06 Feb 2026
Menzies Aviation has secured a 15-year ground handling licence at Kempegowda International Airport, Bengaluru, strengthening its presence at one of India's busiest airports. The licence, awarded by Bangalore International Airport Limited, will come into effect from 1 April 2026, subject to regulatory approvals. Menzies will provide passenger, ramp and baggage handling services across both terminals. The company plans to invest over USD 9.2 million in equipment and hire around 1,000 employees, building on its long-standing cargo operations at the airport.Read more
06 Feb 2026
Chennai has initiated construction of a major multi-modal transport hub at the Broadway bus stand, with the foundation laid by Chief Minister M K Stalin in the past week. The INR 822.7 crore project includes a nine-storey bus terminal and a ten-storey commercial building, covering 26,240 sq m with 1.36 lakh sq m of built-up area. Designed to integrate buses with the High Court Metro station, MRTS, and suburban rail, it will feature 73 bus bays, retail and office spaces, modern amenities, and parking for 433 cars and over 1,100 two-wheelers.Read more
06 Feb 2026
Cochin International Airport Ltd (CIAL) is set to introduce India's first hydrogen-powered buses for passenger movement after entering into an agreement with the Kerala Hydrogen Valley Innovation Cluster Foundation under the National Green Hydrogen Mission. The project involves the deployment of three hydrogen fuel cell electric buses, with financial support capped at INR 2.90 crore per bus and a total project cost of INR 8.7 crore. The buses are expected to be delivered within a year and will be owned and operated by CIAL, supported by a green hydrogen supply facility being developed at the airport.Read more
05 Feb 2026
Nalwa Aero has signed a strategic agreement with helicopter operators Global Vectra Helicorp, Pawan Hans Ltd, and Himalayan Heli Services to launch electric air taxi (eVTOL) services in India. The partnership includes pre-orders from Himalayan Heli for Nalwa's aircraft, aiming to offer fares as low as INR 200 per passenger on short routes. The eVTOLs will serve pilgrimage destinations like Char Dham, urban and intercity air travel, air ambulance services, and offshore logistics. Nalwa Aero has received regulatory approvals and plans full-scale operations by 2028, targeting efficient, quiet, and sustainable air mobility.Read more
05 Feb 2026
The Union Budget has allocated INR 616.88 crore for the Sagarmala programme, slightly lower than last year's revised estimates of INR 699 crore and previous projections of INR 866 crore. The Budget also sets aside INR 1,000 crore for the newly approved Maritime Development Fund to support shipbuilding, port development, and maritime financing. Additional allocations include INR 515 crore under the Shipbuilding Financial Assistance Scheme and INR 250 crore for the Shipbuilding Development Scheme. These provisions aim to strengthen infrastructure, capacity, and risk management in India's maritime and shipbuilding sectors.Read more
05 Feb 2026
Gurugram Metro Rail Limited (GMRL) has formally requested the Haryana Shehri Vikas Pradhikaran (HSVP) to allocate parcels of land for the construction of entry and exit points at eight stations on the first phase of the Old Gurugram Metro project. The stations requiring land include Millennium City Centre, Sector 45, Sector 33, Udyog Vihar Phase Six, Sector 10, Sector 37, Basai and the station near Dwarka Expressway, with individual requirements ranging from around 287 sq m to over 700 sq m per site. Most of this land is reportedly HSVP-owned, and the authority is considering the request. Should any portions be privately held, acquisition will proceed under Gurugram Metro's updated land policy, supported by a state-level land acquisition committee chaired by the deputy commissioner. Metro construction is underway between Sector 45 and Bakhtawar Chowk, with elevated viaduct work poised for pillar slab erection by May.Read more
05 Feb 2026
Flexible workspace provider WeWork India has entered into a new lease agreement to significantly expand its footprint in Hyderabad, committing about INR 100 crore to add approximately 3,300 desks across roughly 2,50,348 sq ft of workspace. The additional capacity is expected to be operational by June 2026, with the expansion funded through a mix of debt and internal accruals. The company said it currently operates more than 1,21,600 desks nationally, with average utilisation of nearly 84%, highlighting strong demand for flexible office space across India's top cities. The Hyderabad expansion aligns with broader demand dynamics in the office market, where co-working and flexible workspaces are gaining traction among global capability centres and enterprises seeking adaptable solutions. The move reinforces Hyderabad's growing status as a key commercial and office market destination.Read more
05 Feb 2026
Construction on the Mumbai-Ahmedabad high-speed rail corridor has crossed another structural milestone with the completion of a mountain tunnel in Palghar district, Maharashtra. The tunnel, built using the New Austrian Tunnelling Method, forms part of a larger cluster of tunnels being developed in the region for India's first bullet train project. This achievement follows a similar breakthrough reported in the same district recently and reflects steady progress on critical civil works. Multiple viaducts, bridges and track-related activities are also progressing across the corridor.Read more
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05 Feb 2026
Two passenger aircraft operated by Air India and IndiGo made contact on the ground at Mumbai's Chhatrapati Shivaji Maharaj International Airport earlier this week during routine taxiing operations. The incident involved the wingtips of both aircraft while one flight was preparing for departure and the other was taxiing after landing. All passengers and crew on board both flights were safe. The aircraft were taken out of service for inspection, and aviation authorities have begun a review of the circumstances surrounding the incident.Read more
05 Feb 2026
The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the East-West Corridor of the Lucknow Metro under Phase 1B, marking a key step towards project implementation. The Detailed Design Consultant contract for Line-2 has been awarded to a joint venture between AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd, following a competitive bidding process. Valued at INR 15.90 crore, the contract covers detailed design work for civil, architectural, electrical, mechanical and traction systems across both elevated and underground sections of the corridor. The East-West Corridor will span over 11 km, connecting Charbagh Railway Station with Vasant Kunj through Old Lucknow, and forms part of a larger metro expansion approved earlier as part of the city's urban transport development plans.Read more
05 Feb 2026
NBCC has signed an agreement with Kendriya Vidyalaya Sangathan to carry out construction, renovation and repair works at KVS schools across India, with project values to be decided individually. The PSU will act as project management consultant for the assignments. In addition, NBCC has secured six new orders worth a total of INR 271.32 crore. This includes a major INR 232 crore contract for building the Namami Ganga Aquarium-cum-Discovery Learning Centre in Rishikesh, adding to its government infrastructure portfolio.Read more
05 Feb 2026
The Noida International Airport at Jewar is expected to be inaugurated later this month, according to Uttar Pradesh Chief Minister Yogi Adityanath. The greenfield airport, developed through a public-private partnership in Gautam Buddh Nagar, is nearing completion, with the aerodrome licence from the Directorate General of Civil Aviation in its final stage. The project had missed earlier operational timelines due to procedural and construction-related delays. Once operational, the airport will become Uttar Pradesh's fifth international airport and is expected to ease passenger pressure at Delhi's Indira Gandhi International Airport.Read more
05 Feb 2026
India's Global Capability Centre ecosystem is projected to expand to around 2,400 centres by 2030, with market size expected to reach USD 105-110 billion, according to a FICCI Anarock report. From over 1,700 GCCs and USD 64 billion market value in 2024, the sector continues to grow on demand from IT, BFSI, healthcare and engineering services. While top cities dominate office supply, GCC expansion is increasingly moving into Tier-2 cities, reshaping India's commercial real estate landscape.Read more
05 Feb 2026
Afcons Infrastructure Limited has secured a strategic road infrastructure project in Uganda, valued at over EUR 100 million, marking a key step in the company's expansion across African markets. The project is being funded by a multilateral development agency and aligns with Afcons export-led growth strategy, focused on delivering large-scale and sustainable infrastructure solutions outside India. The award reinforces the company's long-standing presence in international EPC markets and highlights its role in supporting regional economic development through complex infrastructure execution. Part of the Shapoorji Pallonji Group, Afcons continues to build on its six-decade legacy, backed by strong global rankings in bridges, marine and port infrastructure, and international contracting.Read more
05 Feb 2026
The Maharashtra Housing and Area Development Authority (MHADA) is offering 120 unsold residential flats across Mumbai on a first-come-first-served basis, replacing the lottery system that left these units unclaimed. Online registrations started earlier this week, with the flat selection and payment process set to begin soon. Flats are spread across key suburbs and South Mumbai locations, including Kandivali, Malad, Wadala, Powai, and Andheri. Buyers must pay 10 per cent of the flat price initially, with the remaining amount due within 90 days. The initiative aims to reduce unsold stock and provide ready-to-move-in homes efficiently.Read more
05 Feb 2026
NTPC Green Energy Limited and Assago Industries have signed an MoU to develop India's first large-scale green urea production facility at the Pudimadaka Green Hydrogen Hub in Andhra Pradesh. NGEL will supply green ammonia, renewable power and CO to support clean urea manufacturing. The project targets reducing India's dependence on imported urea, which currently stands at 8-10 million tonnes annually. Designed within a 2.5 million tonnes per annum green chemicals hub, the initiative supports fertiliser self-reliance, decarbonisation and the national clean energy agenda.Read more
05 Feb 2026
Cochin Shipyard Ltd has approved the acquisition of a 23% equity stake in Netherlands-based Conoship International Holding B.V. as part of its plan to strengthen its footprint in the European shipping market. The investment will support collaboration in ship design and engineering, especially for vessels using alternative fuels and serving coastal and inland transport segments. The board also cleared the formation of a joint venture with HBL Engineering to develop electric mobility and energy storage solutions for marine use, marking a broader push into future-ready maritime technologies.Read more
05 Feb 2026
The Ghaziabad Development Authority (GDA) has formalised plans to hand over five residential colonies and a sewage treatment facility to the Ghaziabad Municipal Corporation (GMC), accompanied by a financial package of INR 66 crore to complete pending infrastructure work, according to official sources. The colonies earmarked for transfer include Swarn Jyantipuram, parts of Karpuri Puram, Bhaurao Devrash Colony, Pratap Vihar, Govindpuram and a portion of Raj Nagar Extension, along with a 56 million litre per day sewage treatment plant in Madhuban Bapudham. Under the agreement, the funds will be released in two equal instalments to support essential civic works such as water supply, road networks and sewer systems. The handover marks progress in resolving long-standing delays in transferring developed townships to municipal authorities, and is expected to improve service delivery for residents.Read more
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