21 Sep 2025

Vedanta Ltd will keep coal as the main energy source for its mining operations, accounting for nearly 70% of its energy mix, while gradually boosting renewables such as solar and wind to reduce coal dependence to around 50-60% over the next three to four years. The company is also exploring hybrid power solutions for overseas operations, including a 300-megawatt coal-renewable project in Zambia to support mining expansion. Copper production at its Zambian unit has returned to levels last seen in 2018, with plans to increase output over the next three years.Read more

21 Sep 2025

Longi Green Energy has urged tougher checks to control declining standards in China's solar sector, saying that excess competition and too many players have weakened product quality in the past two to three years. Chairman Zhong Baoshen raised this concern at a major industry forum in Beijing, soon after President Xi Jinping pressed for the removal of outdated capacity and a reduction in harmful price competition. Longi itself reported a revenue fall of 36 percent and a net loss last year, and is now betting on newer BC and HPBC products to restore competitiveness.Read more

21 Sep 2025

Foxconn Interconnect Technology will begin building its first Middle East manufacturing facility in Saudi Arabia this December through its joint venture Smart Mobility, formed with Saleh Suleiman Alrajhi & Sons. The plant will produce EV chargers, with commercial production set for 2026. The venture supports Saudi Arabia's plan to have 30 percent of its cars electrified by 2030. FIT has expanded in EV connectivity by acquiring Germany';s Prettl SWH group in 2023 and Auto-Kabel Group in 2024. Its auto mobility division is projected to generate USD 700 million in revenue this year.Read more

21 Sep 2025

The National Highways Authority of India (NHAI) is expected to generate between INR 35,000 crore and INR 40,000 crore in the fiscal year 2025-26 through the monetisation of road assets, according to ICRA. This projection surpasses the INR 30,000 crore target set for the year. The funds are anticipated to come from Toll-Operate-Transfer (TOT) and Infrastructure Investment Trust (InvIT) mechanisms, contributing to a cumulative total of approximately INR 1.3 lakh crore since FY2019.Read more

21 Sep 2025

Kolkata Metro's Green Line, connecting Howrah Maidan to Salt Lake Sector V, faced a service disruption less than a month after its full operation. A technical glitch in the power supply lines caused temporary suspension of services, affecting major stations including Howrah, Sealdah, and Esplanade. Maintenance teams restored partial service within an hour and full operations by early afternoon. The incident highlights the operational challenges faced by newly launched metro lines, particularly during busy periods with limited alternative transport options, such as festivals or public holidays.Read more

21 Sep 2025

Aena, Spain's airport operator, has announced plans to invest EUR 12.88 billion (USD 15.24 billion) between 2027 and 2031 to upgrade airport terminals. Chief Executive Maurici Lucena explained that Madrid and Barcelona airports are already nearing full capacity, highlighting the need for new investment to address congestion. The operator had previously allocated EUR 3.54 billion in the last four-year plan, making this a substantial rise. The new investments will fall under Aena's regulatory framework DORA III and are expected to strengthen Spain's two busiest airports while modernising the overall passenger infrastructure.Read more

21 Sep 2025

The National Highways Authority of India (NHAI) has introduced stricter guidelines for its Request for Proposal (RFP) process to address ongoing delays in highway development projects. These updated regulations focus on enhancing contractor qualifications, limiting unauthorized subcontracting, and ensuring financial accountability. The aim is to ensure that only experienced and technically capable contractors are awarded projects, thereby improving execution timelines and reducing lifecycle costs.Read more

20 Sep 2025

Syama Prasad Mookerjee Port, Kolkata (SMPK) has signed a 30-year concession with JSW Infrastructure Ltd for a project valued at INR 740 crore. The project involves reconstructing Berth 8 and installing rail-mounted quay cranes at Berths 7 and 8 in the Netaji Subhas Dock, supported by a 25-acre backup area. Once operational, the terminal is expected to handle around 5 lakh TEUs annually. The move builds on previous upgrades at Kolkata port aimed at increasing container handling efficiency and reducing congestion, while JSW Infrastructure brings experience from earlier port development projects across India.Read more

20 Sep 2025

Sri Lanka has restarted the stalled 38-km Central Expressway connecting Colombo and Kandy with a new USD 500 million Chinese loan, marking the first funding from China since the country's 2021 debt default. Launched in 2016, the project was suspended in 2023 due to financial and material shortages, with one-third completed at the time. The government aims to finish the highway by 2028, which will improve connectivity and support economic activity. The funding comes on concessionary terms, amid Sri Lanka's ongoing debt restructuring and the competition between China and India for regional influence.Read more

20 Sep 2025

Adani Enterprises Ltd (AEL), the flagship firm of the Gautam Adani-led group, has secured a contract to construct a 12.9-km ropeway linking Sonprayag with Kedarnath in Uttarakhand. Approved by the Union cabinet earlier this year, the INR 4,081 crore project aims to provide pilgrims with a safer, faster, and environmentally friendly alternative to the traditional 16-km uphill trek. The ropeway, expected to carry 1,800 passengers per hour in each direction, will form part of the National Ropeways Development Programme and is anticipated to boost tourism, create jobs, and enhance regional connectivity.Read more

19 Sep 2025

The United States has cleared a 130 million USD project to build a high-voltage transmission line in Moldova to strengthen electricity supply from European markets. Moldova continues to rely heavily on power produced in Transdniestria, a separatist region dependent on Russian gas. Following Ukraine's refusal to extend a Russian gas transit agreement, Transdniestria reduced its power generation, creating pressure on Moldova's energy security. The project, announced by the U.S. embassy, is expected to help the country integrate more closely with European networks and introduce U.S. technologies in areas such as grid infrastructure, ICT, nuclear energy, and battery storage.Read more

19 Sep 2025

Uttar Pradesh Chief Minister Shri Yogi Adityanath has instructed officials to expedite road repairs and pothole-filling works across the state ahead of the upcoming festival season. With over 6.78 lakh roads covering approximately 4.33 lakh km, authorities aim to ensure all major roads are restored to good condition before festivals like Durga Puja, Dussehra, Diwali, and Chhath. The Public Works Department (PWD) has made significant progress, with 84.82% of road renovation works completed on 31,514 km, while other departments are also working to improve road conditions.Read more

19 Sep 2025

The government of India is moving to rebid around 40 GW of stalled solar and wind projects due to missing power purchase agreements. Officials clarified that no investments have been made yet, only price discovery, with solar tariffs between INR 2.38-2.56/unit and wind between INR 3.70-3.90/unit. FICCI stated that CERC is close to finalizing guidelines for virtual PPAs, which could unlock financing for these stranded projects. Virtual PPAs allow corporate buyers to support renewable projects financially without direct electricity delivery, receiving renewable energy certificates for ESG compliance, addressing delays in traditional PPA payments.Read more

19 Sep 2025

NHAI has updated its RFP rules for national highway projects to ensure better project execution, cost control, and adherence to contractual norms. The new provisions clarify the definition of "similar work" to prevent misrepresentation by contractors, regulate subcontracting in EPC, HAM, and BOT projects, and prohibit the use of third-party-sourced bid and performance securities. These changes aim to enhance technical accountability, financial transparency, and enforceability, while penalizing practices that threaten quality and timelines. The measures reflect NHAI's ongoing efforts to reinforce discipline in highway project implementation.Read more

19 Sep 2025

The Mumbai Metropolitan Region Development Authority (MMRDA) will suspend Mumbai Monorail services later this month to fast-track major modernisation works. The upgrade includes the installation of a new indigenously developed CBTC signalling system, expected to improve safety, reduce train intervals, and enhance reliability. Ten new Make-in-India rakes are being procured, with eight already delivered, while older rakes will undergo overhauls and retrofitting. The suspension allows round-the-clock work, as limited night-time windows had slowed progress. Officials assured commuters that once services resume, the monorail will return stronger, safer, and more dependable, reinforcing Mumbai's transport network with modern technology and better fleet integration.Read more

19 Sep 2025

A 150-feet double-storey Bailey bridge on the Ramban-Gool road at Metra, Ramban district, was inaugurated recently. Built jointly by the White Knight Corps, NHAI, and the local administration, the bridge is designed to support about 150,000 people in Ramban, Sangaldan, and Gool. It replaces a washed-away road stretch caused by heavy rainfall and landslides. The bridge will be opened fully for public use after safety and technical checks are completed.Read more

19 Sep 2025

The Maharashtra government has joined hands with Finland to modernise Mumbai's historic Sassoon Dock, one of the city's oldest and busiest fishing harbours. The project aims to introduce modular infrastructure to address overcrowding, hygiene, and operational challenges, while promoting sustainability. Discussions have included advanced fishing techniques, digital tools, and eco-friendly solutions to improve efficiency and fishermen's incomes. The initiative reflects a broader push for international cooperation and technology transfer in port development, ensuring Sassoon Dock evolves into a clean, modern, and efficient fishing hub.Read more

19 Sep 2025

The NCLT has deferred Vedanta's demerger hearing to October 8 following objections from the Ministry of Petroleum and Natural Gas over disclosure gaps, particularly relating to the RJ-ON-90/1 oil and gas block and loans secured against exploration assets. Vedanta maintains it has fulfilled all requirements and pointed to NCLAT's recent clearance of its restructuring plan for its power and metal units. Sepco's earlier dispute over a debt of INR 1,251 crore has been settled, removing one hurdle. However, investor concerns remain, reflected in a decline in Vedanta's share price.Read more

19 Sep 2025

Avaada Group has commissioned 11 solar power projects in Maharashtra's Yavatmal district under the Mukhyamantri Saur Krushi Vahini Yojana (MSKVY) 2.0 to provide reliable daytime electricity for irrigation. The projects, ranging from 2 MW to 5 MW, are expected to benefit nearly 14,900 farmers across 167 villages, improving irrigation, reducing costs, and creating additional income through land leasing. MSKVY 2.0, part of Maharashtra's push for clean energy, aims to solarise 30% of agricultural feeders and develop around 7,000 MW of decentralised solar power in the state.Read more

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