19 Sep 2025

Macquarie Asset Management has started selling its portfolio of nine toll road projects in India, valued at around INR 10,000 crore. Spanning 648 km across Andhra Pradesh and Gujarat, these highways include stretches of NH-16 and roads connecting industrial hubs and ports. The assets have been bundled into three groups to attract a wider range of buyers. Acquired in 2018 through India's first Toll-Operate-Transfer (ToT) auction, the projects generated nearly INR 1,000 crore in toll revenue in FY25. JP Morgan has been appointed to advise on the transaction, which is expected to attract infrastructure investors looking for long-term cash flows.Read more

19 Sep 2025

The Syama Prasad Mookerjee Port, Kolkata, has entered a 30-year concession with JSW Infrastructure Ltd for a significant redevelopment project worth INR 740 crore. The initiative involves reconstructing berth 8 and installing rail-mounted quay cranes at berths 7 and 8, supported by a 25-acre backup area, aimed at boosting container cargo handling efficiency. The terminal is expected to manage around 5 lakh TEUs annually. Port authorities emphasised that the project aligns with the government's vision of modernising India's port infrastructure.Read more

19 Sep 2025

Vikram Solar has secured a supply order worth nearly INR 273 crore from AB Energia for 200 MW of M10R N-Type TOPCon modules. Rated at 590 Wp and above, the modules will be installed in Maharashtra, Madhya Pradesh, and Gujarat. Deliveries will begin in September 2025 and continue into early 2026. Both companies emphasised confidence in the partnership, highlighting technology reliability and project execution. Vikram Solar's international presence and recognition add weight to the development.Read more

18 Sep 2025

Haryana Mass Rapid Transport Corporation (HMRTC) has initiated the transfer of Gurugram's rapid metro operations from the Delhi Metro Rail Corporation to Gurugram Metro Rail Limited, with joint management in place during the transition. Passenger numbers surged 13.6 per cent and fare revenue rose by nearly 12 per cent from April to July, reflecting public confidence in the service. Operational costs declined, while non-fare revenue from rentals and advertising increased significantly. Concurrently, detailed project reports for multiple high-speed regional corridors, including Delhi-Rohtak, Delhi-Panipat-Karnal, and Delhi-Shahjahanpur-Neemrana-Behror, are progressing to enhance NCR connectivity.Read more

18 Sep 2025

WaterBridge Infrastructure, backed by private equity firm Five Point, has raised USD 634 million through its IPO in the United States. The company sold 31.7 million shares at USD 20 each, pricing them at the top of its range of USD 17 to USD 20. This valued the Houston-based water management firm at about USD 2.3 billion. WaterBridge, which operates mainly in the Delaware Basin, handles produced water for major energy players including BPX Energy, Chevron, Devon Energy, EOG Resources and Permian Resources. J.P. Morgan and Barclays led the offering.Read more

18 Sep 2025

Oman's ambassador to India has invited Indian businesses to invest in Khazaen Economic City, a large integrated hub being developed as part of the country's economic diversification strategy. He said Oman provides a predictable and cost-efficient environment for companies looking to expand into the Gulf and Indian Ocean Region. The Khazaen delegation presented opportunities in food processing, pharmaceuticals, healthcare, logistics, textiles, and manufacturing. Located on the Muscat-Batinah Expressway, Khazaen offers modern infrastructure and good connectivity. Total investments in the project have already crossed USD 1 billion, with substantial foreign participation.Read more

18 Sep 2025

The Srinagar-Jammu National Highway has reopened for heavy vehicles after a three-week closure caused by heavy rains and flash floods. Authorities have prioritized the clearance of stranded fruit-laden trucks, which had been awaiting passage to markets across India. The prolonged closure had led to political tensions, with local leaders accusing authorities of negligence. In response, alternative measures, including a dedicated parcel train for transporting Kashmiri apples, were initiated. The reopening is expected to alleviate logistical challenges and support the region's economy.Read more

18 Sep 2025

The Brihanmumbai Municipal Corporation (BMC) has reset deadlines for several key bridge and flyover projects to improve coordination and ease traffic congestion. The Vidyavihar Flyover will see its eastern side completed by December 2025 and the western section by May 2026, pending relocation of affected residents. Sion Flyover is also scheduled for May 2026, while a delayed foot overbridge there is now due in October 2025. At Mahalaxmi, the city's first cable-stayed rail overbridge is targeted for November 2026. Bellasis Flyover near Mumbai Central has an internal deadline of December 2025. Officials emphasised timely completion to avoid disruptions following past closures of unsafe bridges.Read more

18 Sep 2025

The Mumbai Metropolitan Region Development Authority (MMRDA) has announced that the 20-km Mumbai Monorail network will be shut from September 20 for a two-month upgrade programme. The decision follows a series of technical failures in recent weeks, including trains stalling during heavy rain. The upgrade plan involves inducting new rakes, installing an advanced signalling system, and overhauling the existing fleet. Once complete, train frequency is expected to improve to 8-10 minutes. The system, first launched in 2014 but plagued with frequent breakdowns, will be operated by Maha Mumbai Metro Operation Corporation Limited (MMMOCL) after the upgrade.Read more

18 Sep 2025

The National Green Tribunal (NGT) has ordered the Maharashtra Maritime Board (MMB) to dismantle the promenade built along Aksa beach in Malad West, citing violation of coastal regulation zone (CRZ) norms. The structure, built in 2023 at a cost of INR 11.83 crore, was constructed despite earlier rejections and conditional approvals by the Maharashtra Coastal Zone Management Authority (MCZMA). Activists flagged that the walkway was obstructing tidal flows and natural sediment deposits, causing erosion and damage to the beach.Read more

18 Sep 2025

Prime Minister Shri Narendra Modi will inaugurate the final stretch of Mumbai's underground Metro Line 3 from Acharya Atre Chowk in Worli to Cuffe Parade on September 30. On the same day, he will also launch the Navi Mumbai International Airport, a key project aimed at reducing the load on Chhatrapati Shivaji Maharaj International Airport. Metro Line 3, spread across 33.5 km with 27 stations, is the city's first fully underground corridor and a long-delayed project. With its completion, south Mumbai's business hubs will be directly connected to Bandra-Kurla Complex (BKC) and other suburbs, cutting travel time, easing congestion, and offering a faster, cleaner transport option for lakhs of commuters.Read more

18 Sep 2025

India has lowered GST on renewable energy equipment from 12 percent to 5 percent, a step expected to reduce project costs and free up investment worth INR 1-1.5 lakh crore for adding the remaining 300 GW of renewable capacity by 2030. With 193 GW already installed, including 123 GW solar and 53 GW wind, the reform will make utility-scale and rooftop solar projects more affordable, benefit farmers under PM-KUSUM, and reduce procurement costs for DISCOMs. The policy is also expected to create jobs, support domestic manufacturing, and cut CO2 emissions significantly.Read more

18 Sep 2025

Union Minister Jyotiraditya Scindia recently reviewed key development projects in Gwalior, Madhya Pradesh, highlighting the need to speed up initiatives in infrastructure, health, education, and public facilities. He set timelines for important projects, including the Gwalior Elevated Road, railway station renovation, and Agra-Gwalior Expressway. Scindia also acknowledged the efforts of various central and state ministers in driving these projects. The review emphasized coordinated work between the central and state governments to transform Gwalior into a modern, well-planned city while maintaining high standards of quality.Read more

18 Sep 2025

On the occasion of Prime Minister Shri Narendra Modi's 75th birthday, Varanasi saw the launch and foundation-laying of development projects worth INR 111 crore. The projects, announced by the Varanasi Municipal Corporation, include road repairs, drainage improvements, restoration of 75 traditional wells, construction of a shelter home, and initiatives for animal welfare. Cultural programs, including performances by renowned folk artists, and religious ceremonies were part of the celebrations. The BJP government also started a fortnight-long civic service drive, aiming to enhance cleanliness and public welfare across the city.Read more

18 Sep 2025

Adani Ports and Special Economic Zone (APSEZ) has announced a plan to invest INR 30,000 crore over the next two years, primarily focusing on Mundra, Dhamra, and Vizhinjam ports. The investment will be directed towards port and terminal expansions, logistics, renewable energy, and marine services. APSEZ aims to achieve a cargo handling capacity of one billion tonnes annually by 2030, with 850 million tonnes from domestic ports and around 140-150 million tonnes from international assets. The company currently holds a 27% share of India's cargo handling capacity.Read more

18 Sep 2025

Union Minister Shri Ajay Tamta visited Bilaspur in Himachal Pradesh to review the construction of the four-lane road at Nauni Junction. He checked progress at Nauni Chowk Junction, assessed land acquisition, and discussed the difficulties raised by local residents. The minister took note of the road damage caused by recent heavy rains and instructed officials to carry out immediate repairs, especially on sections connecting to Shimla. Senior district officials and the National Highways Authority of India briefed him on technical details and local challenges linked to the project.Read more

18 Sep 2025

The Goa government has approved a plan to redevelop the Mapusa bus stand through a public-private partnership at an estimated cost of about INR 192 crore. Spanning over 27,000 square metres, the project will include more than 700 parking slots, air-conditioned waiting lounges with WiFi, automatic ticket machines, restaurants and other passenger amenities. The development will follow a design-build-finance-operate-transfer model with phased timelines for core transport and commercial components.Read more

18 Sep 2025

The National High-Speed Rail Corporation Limited (NHSRCL) has signed a key agreement with Larsen & Toubro (L&T) to execute track works for the Mumbai-Ahmedabad high-speed rail corridor. This contract covers the design, supply, construction, testing, and commissioning of a 157 km section from Mumbai to Zaroli village, including four stations and a rolling stock depot at Thane. Progress in Maharashtra is advancing with elevated viaducts, pre-stressed concrete box girders, tunnels, and steel bridges, reflecting coordinated efforts to meet the project's ambitious timelines.Read more

17 Sep 2025

Insolation Energy has won multiple solar projects totaling 226.45 MW under the PM-KUSUM scheme, involving an investment of INR 750 crore. Its subsidiary, Insolation Green Energy Pvt Ltd, secured orders from Jaipur and Ajmer Vidyut Vitran Nigam. The projects, scheduled to be completed by 2026-27, have varying levelized tariffs from INR 2.60 to INR 3.04 per unit. Under PM-KUSUM, the government aims to expand solar capacity across India through small power plants and solarisation of agriculture pumps, with financial support extended due to pandemic-related delays.Read more

17 Sep 2025

Goa has inaugurated its first hazardous waste treatment plant at Pissurlem in Sattari, developed at a cost of INR 125 crore by Ponda Envocare Limited. The facility can handle 25,000 metric tonnes annually of landfillable and co-processing waste, plus 14,000 tonnes of incinerable waste, using a rotary kiln incinerator with real-time emission monitoring. Designed to prevent soil and water contamination, it integrates landfill, incineration and pre-processing units for safe disposal. Nearly 80% of the workforce are local residents employed across operations, labs, and administration, creating jobs and technical expertise. The plant marks a significant step in sustainable waste management and environmental protection in Goa.Read more