Total global corporate funding in the solar sector, including venture capital/private equity (VC), debt financing, and public market financing, raised by public companies came to $9.1 billion in 2016, compared to $25.3 billion in 2015, a 64 per cent drop, clean energy consulting firm Mercom Capital has said.
Author: admin (Infratructure Today)
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Setu revamp in 42 months, Centre tells Patna HC
The Centre has informed the Patna High Court that the dilapidated Mahatma Gandhi Setu will be totally revamped within 42 months and a new four-lane bridge, parallel to it, will be put in place in due time.
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Idea Cellular to raise Rs 500 crore via NCDs
Telecom operator Idea Cellular plans to raise Rs 500 crore through issuance of non-convertible debentures (NCDs). “The company is proposing to issue unsecured redeemable non-convertible debentures amounting to Rs 500 crore on a private placement basis,” Idea said in a regulatory filing.
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Gujarat signs Rs 67 k cr MoU for Ahmedabad-Mumbai bullet train project
The Gujarat government has signed a memorandum of understanding (MoU) worth Rs 67,000 crore with the National High Speed Rail Corporation Limited (NHSRCL) during the Vibrant Gujarat Global Summit for component manufacturing for the Ahmedabad-Mumbai bullet train project.
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Patna Metro | Bihar to seek in-principle approval
State Urban Development and Housing Minister Maheshwar Hazari will meet Union Urban Development Minister Venkaiah Naidu to discuss the contours of the Patna Metro project. Hazari is also likely to seek the CentreÂ’s in-principle approval to begin work on the much-awaited project.
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Mitsubishi Corp launches energy storage demonstration project in Delhi
Mitsubishi Corporation has reached a basic agreement with AES Corporation and Tata Power Delhi Distribution Limited (TPDDL), which distributes electricity in northern and north-western Delhi, to develop an energy storage demonstration project in India. The project will be concentrated in the grid sectors operated by TPDDL.
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India’s domestic air traffic up 22.3percent in Nov
India's domestic air passenger traffic grew by 22.3 per cent in November 2016, topping the growth chart worldwide for the 20th straight month while there was little sign of demonetisation having any immediate negative impact on passenger numbers, according to IATA.
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IL&FS venture bags Chennai Metro deal
IL&FS Transportation Networks in a joint venture with PJSC Kyivmetrobud has bagged the Rs 371.22-crore Chennai Metro Rail Ltd (CMRL) contract for design validation and construction of underground stations.
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Ezyhaul gets $840k seed funding
Start-up Ezyhaul has raised roughly $8,40,000 in seed funding to expand its market presence this year. The Singapore-based firmÂ’s investment came from a group of logistics industry leaders it has declined to name.
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Coal India close to achieving e-auction target for FY17
Coal India has almost achieved its e-auction target for the current fiscal, and is looking at offering additional supplies.