Projects

Over $1bn invested in stressed real estate assets With the bankruptcy code getting more established across India, lenders are more secured and seen to be actively investing in stressed real estate opportunities with over US$1 billion having been invested in...

MoU to assist NHPC's five-year renewable energy plan Indian Renewable Energy Development Agency Ltd (IREDA) will undertake Techno-Financial due diligence of renewable energy and Energy Efficiency & conservation projects for NHPC Ltd, a Power Ministry's PSU. IREDA will assist NHPC...

Railways requires innovation and state-of-the-Art technologies Dedicated Freight corridor, whose Rewari-Madar section on Western corridor, was dedicated to the Nation by Prime Minister Narendra Modi on 7 Jan 2021, is going be the game changer in economic development of the...

Japan thanked for technical-financial support The economic growth engines such as industry and entrepreneurs are benefiting from the rapid implementation of highway, railway, airway, waterway and multi-modal port connectivity, Prime Minister Narendra Modi said on 7 Jan 2021 after dedicating...

Road project to improve last-mile connectivity, says Zhu The New Development Bank (NDB) is providing US$646 million each for Andhra Pradesh Roads and Bridges Reconstruction Project and Andhra Pradesh Mandal Connectivity and Rural Connectivity Improvement Project, the Finance Ministry said...

Puri says the budget needs to focus on larger market Given that real estate contributes more than 8% to the Indian economy, it has justifiable expectations from the Union Budget 2021-22 as there are several opportunities to give the sector...

Project to improve river transport infrastructure The World Bank is lending US$105 million for the West Bengal Inland Water Transport, Logistics and Spatial Development Project which will facilitate passenger and freight movement across the Hooghly river, undertake spatial planning to...

PM says blue economy plan being implemented Work is on for getting ethanol from rice and sugarcane as part of the diversified energy sources, with a 20% goal set for ethanol blending in petrol in 10 years, Prime Minister Narendra...

A steady decline in non-performing loans noted Given the Covid-induced disruption, the trajectory of total infrastructure credit in India (banks and infrastructure finance non-bank companies) slowed to 1% sequential growth in H1 FY2021, according to a report by ICRA Ltd....

ADB loan to help reduce power wastage in Bengaluru The Bengaluru Smart Energy Efficient Power Distribution Project will progress on with the conversion of overhead distribution lines into underground cables and build an energy-efficient distribution network, reduce technical and commercial...