Adani Group Chairman Gautam Adani has announced that his company would invest another Rs 49,000 crore in Gujarat for expanding port capacity, and will set up cement plants. It is also planning a foray in the wind and solar power sectors over the next five years.
Author: admin (Infratructure Today)
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NTPC to take over RajasthanÂ’s Chhabra power plant
The Rajasthan government has said that it has agreed to transfer its 1,000 MW Chhabra thermal power plant to NTPC Ltd, in an asset-for-equity deal.
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Power Grid evinces interest to invest in Telangana
Power Grid Corporation of India Limited (PGCIL) has evinced interest in investing in power transmission lines in Telangana. “PGCIL has expressed its interest to invest in the transmission projects in the state. The Chief Minister wanted officials from the state electricity department and PGCIL to hold talks in this regard,” a release issued by Telangana Chief Minister K Chandrasekhar Rao’s office said.
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Railways to focus on renewable energy to attain cost-efficiency
In a bid to adopt green technology, the Indian Railways is giving a big push to renewable energy to attain cost efficiency, Minister Suresh Prabhu has said.
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Office leasing hits all-time high at 43 mn sq ft in 2016 | CBRE
Office space leasing rose by 9 per cent last year to touch record 43 million sq ft on robust demand from corporates looking to expand their operations, according to property consultant CBRE.
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NHAI cancels Bengaluru-Mysuru expressway tender
The National Highways Authority of India (NHAI) has cancelled the December 6 tender for the six-laning of the Bengaluru-Mysuru expressway without assigning any reason, raising doubts about the future of the ambitious project, according to a news report.
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Adani Ports to raise $500 million via foreign currency bonds
Adani Ports and Special Economic Zone Ltd (APSEZ) has said that its board has approved raising $500 million (over Rs 3,400 crore) by issuing foreign currency denominated bonds.
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CSE wants use of solar rooftops to be made mandatory
The Centre for Science and Environment (CSE) has called for installation of solar rooftops to be made mandatory for all upcoming residential societies and sought a ban on use of diesel generator sets in highly-polluted urban areas like the national capital.
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Northeast could feed India up to 1,100 MW of power by year-end
The north-eastern region, with its huge energy potential — 50,000 MW, by some estimates — could soon become the “powerhouse” of India. Taking a small first step in this direction, it is expected to feed the rest of the country up to 1,100 MW by the end of this year, energy experts say.
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2016 fuel sales growth highest in 16 years
The countryÂ’s fuel demand in 2016 grew at its highest pace in at least 16 years as low oil prices for most of the year boosted demand for gasoline and aviation fuels.