REC Ltd, which finances and promotes power projects across India, has been gearing up for a big shift by focusing on renewable energy and other green projects. With the shift in priorities towards renewable energy, raising funds for renewables has become easier in the domestic and global market, says Vijay Kumar Singh, Director (Projects), REC Ltd....
Author: admin (Infratructure Today)
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Delhi to hold FCCâs India Roads Conference on 12th Oct
To be hosted at Hotel Shangri-La Eros, New Delhi, the conference will witness more than 25 experts, policymakers, and industry leaders discussing innovative technologies, sustainable practices, and funding opportunities that promise to revolutionise the road construction landscape in India. Mumbai (India) FIRST Construction Council (FCC) – an infrastructure think tank – will be hosting the...
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Why Indiaâs Roads are racing into Global Infra Asset Plans
Indiaâs road network is ahead of Chinaâs & second only to the USA! India’s road network is second to the USA in the whole world. It is way ahead of Chinaâs road network! No wonder several road asset funds are looking towards the National Highways Authority of Indiaâs Asset Monetisation Plan. India’s road network is over...
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Will the Road construction target be achieved in 2023-24?
The road sector is suffering from immobility! Surprised? The road sector is suffering from immobility! Surprised? Let us say that it has landed in a standstill spot. Its ability to construct beyond 40 km per day is probably 15% as the rate at which we have seen the construction get executed has always been between...
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Patel Engineering & JV Partner Secure Rs. 1,818.56 Crore Contract
Patel Engineering & JV bag the Dibang Multipurpose Project Mumbai, August 28, 2023 – In a significant development, Patel Engineering Limited, a prominent player in the field of civil construction with a focus on hydropower and irrigation, has emerged as a key contender along with its joint venture (JV) partner to undertake the Dibang Multipurpose...
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Invest in infrastructure, Gadkari exhorts industry
As highway InvITs perform well and numerous digital and technology innovations push the infrastructure sector, Private sector participation in the PPP mode can push for fast-track growth of the Indian economy, says Nitin Gadkari, Minister of Road Transport and Highways in India. The dream of the Prime Minister is to make the Indian economy $5...
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Cement demand to outpace supply growth
Industry experts scheduled to converge for 14th Cement EXPO, Indiaâs biggest cement event on Dec 14-15 in Delhi The ongoing consolidation within the cement sector is poised to yield positive outcomes for the industry. The Ambuja-Sanghi deal itself was concluded at an adjusted enterprise value to tonne (EV/T) ratio of $70/tonne. Projections suggest that the...
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Indian Army & NTPC arm sign agreement to build green hydrogen plants
The Indian Army and NTPC Renewable Energy Ltd (NTPC REL), a division of NTPC Ltd, have inked a contract for the execution of green hydrogen projects at military facilities. As mentioned in the MoU (memorandum of understanding) between NTPC Renewable Energy Ltd with the Indian Army, a staged identification of possible sites for the establishment...
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Raising of upto Rs 6billion bonds issued by Power Grid Corp
The board of the state-owned Power Grid Corporation has approved raising up to Rs 6 billion through the issuance of bonds for private placement. According to a BSE filing, âCommittee of directors for bonds, in their meeting held on 24th March, 2023, have approved the raising of unsecured, nonconvertible, non-cumulative, redeemable, taxable POWERGRID Bonds-LXXII (72nd)...
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1 GW of pumped storage projects in Karnataka won by JSW and Greenko
The Power Company of Karnataka (PCKL) has awarded contracts to JSW Neo Energy (JSW Energy) and Greenko KA 01 IREP (Greenko) for the provision of 1 GW of electricity supply of 8 hours per day from pumped hydro storage projects that offer continuous 5-hour discharge. By the bucket-filling process, JSW Neo Energy won 300 MW...