Essar Oilfields Services India Limited (EOSIL) announced that it has been awarded a one-year, Rs 32-crore contract by ONGC to drill 30 wells at the latter's coal bed methane (CBM) block in Bokaro, Jharkhand. The Company will be deploying the MR#11 land rig for the job.

AES India, a subsidiary of The AES Corporation, and Mitsubishi Corporation started construction on India's first utility-scale energy storage system, a 10 MW solution that will serve the electric grid operated by Tata Power Delhi Distribution Limited (Tata Power-DDL).

As India gears up for revolution in mobility, Exicom is all set to offer customers e-charging with convenience. Recently, the company has won EESL bid to supply 125 chargers through techno-commercial bidding process. These chargers are already installed successfully.

Swedish provider of sustainable Internet infrastructure Flexenclosure is establishing a second production facility in western Sweden to manage the increasing global demand for its prefabricated eCentre data centres.

Until recently, we used to talk about the cost of funds being too high and, as you are aware, some infrastructure projects have a long gestation period. There is a period of construction and then there are cost overruns and delays.

Policy actions to revive stalled projects, expedite approvals, introduce hybrid annuity and toll-operate-transfer (TOT) models in highways, and sustain rapid growth in renewable capacity augur well for the infrastructure financing landscape.

The air travel boom in India has thrown up a new set of challenges before the country's aviation sector. The airport infrastructure needs to be ramped up on priority for the growth momentum to be sustained in the long term.

With an outlay of Rs 1,773 for the year 2017û18, the government has set the ball rolling for the port sector. To promote port-led development in India, Rs 600 crore has already been allocated for the Sagarmala Programme.

Considerable investments are planned through private sector participation in addition to investments through internal resources of VPT for port modernisation in the major thrust areas of deepening of channels and berths, development of new berths, modernisation and mechanisation of existing berths and improvements in connectivity and other logistics such as multi-model logistic parks, said MT Krishna Babu, Chairman, Port of Visakhapatnam.