Contract

As anticipated, the real estate market across the top 7 cities in Q3 2018 stayed subdued. The quarter saw a meagre 3% increase in the overall fresh housing supply as against the preceding quarter.

Projects worth Rs.1,826.40 crores are in progress in Delhi, according to an update from the for the Ministry of Housing and Urban Affairs.

A Detailed Project Report on the development of National Waterway (NW) 40 envisages terminals at five locations – Ayodhya, Mahirpur (Tanda/Kalwari), Dohrighat, Tortipar and Manjhighat.

Singapore’s Sembcorp Industries has completed the 250-MW SECI 1 wind power project in Tamil Nadu.

Azure Power has closed a financing deal of Rs.4 billion (US$58 million) for its 100 MW solar power plant in Karnataka ahead of schedule.

The Indian government has secured a US$100 million Asian Development Bank (ADB) loan for upgrade of 2,800-km all-weather rural roads in Madhya Pradesh under the Prime Minister's Rural Roads Program.

India has signed a US$5 billion deal to procure the S-400 “Triumf” air-defence missile system from Russia, reaffirming defence ties between the two countries.

Himachal Pradesh is planning to allot a solar power project of 1,000 MW in Lahaul Spiti and has taken several steps to attract investments in renewable energy, Chief Minister Jai Ram Thakur has announced.

Azure Power has closed a financing deal of Rs.6 billion (about US$88 million) for its 200 MW solar power plant in Bhadla, Rajasthan ahead of schedule.

The government has taken charge of the financially-crippled Infrastructure Leasing & Financial Services (IL&FS), which plays a major role in infrastructure development and financing in the country with 169 group companies.