Private Equity (PE) in India is still in its nascent stage, accounting for roughly 1 per cent of GDP.

Maharashtra State Road Development Corporation (MSRDC) has received pre-qualification applications from 33 companies for constructing the proposed Nagpur Mumbai Super Communication Expressway (NMSCE). Of these 33 companies, 17 are sole applicants while rest are joint ventures. The applications were invited by MSRDC in January 2017.

A recovery in Asian demand and supply constraints in the global market has sparked an increase in price of commodities like copper, pushing manufacturers to increase cost of low-voltage electrical equipment. Electrical equipment such as circuit breakers, switching and control and metering products are used extensively in industrial, commercial and residential segments, with a significant chunk used in the power sector.

PR Jaishankar, Chief General Manager, India Infrastructure Finance Company Ltd (IIFCL) says that old models of development financing need a complete overhaul. He feels while development financing still holds relevance, it needs to be viewed in the context of the dynamic needs of the emerging environment.

Private Equity (PE) in India is still in its nascent stage, accounting for roughly 1 per cent of GDP. This is in contrast to almost 3 per cent in the US. However, PE funding has come a long way in the recent past, accounting for 3 to 5 per cent of the total capital raised by Indian companies, says MAHESH SINGHI.

Vikram Solar Pvt. Ltd, a leading Solar EPC player and module manufacturer, has commissioned a 130 MW (2x65 MW) solar PV power plant for NTPC in Bhadla, Rajasthan.

A consortium of Siemens and Sumitomo Electric Industries Ltd has been awarded an order from Power Grid Corporation of India, to supply a high-voltage direct current (HVDC) transmission system. The total size of the order won by the consortium is $520 million, of which the share of Siemens Limited is approximately Rs 1,682 crore.

Delhi International Airport (P) Ltd, a GMR led consortium, has announced that it has signed a land license agreement with Airbus for setting up India’s first full flight simulator at the Aerocity - Terminal District of Indira Gandhi International (IGI) Airport.

The Airports Authority of India (AAI) has received environment clearance for extension of runway at Rajahmundry airport in Andhra Pradesh, which is estimated to cost Rs 181.45 crore. The existing airport at Madhurapudi village is currently handling about 12 operations daily and the operating capacity is about 225 passengers an hour.