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Tender floated for Wardha-Pusad-Nanded new broad gauge line project

The Central Railway has issued a request for proposals (RFP) for the Wardha-Pusad-Nanded new broad gauge (BG) line project in Maharashtra, which includes tunnelling work, earthwork in embankment and minor bridges, including tunnel….

GMDC becomes highest bidder for two coal mines in Odisha

In the recently concluded commercial coal block auction by the Ministry of Coal, Government of India, Gujarat Mineral Development Corporation (GMDC), a prominent mining PSU enterprise and the largest seller of lignite in…

Hindustan Construction Company JV secures BKC Bullet Train Station project worth Rs 3681 crore

National High-Speed Rail Corporation (NHSRCL) has awarded Hindustan Construction Company (HCC), in a joint venture with Megha Engineering & Infrastructures (MEIL), a contract worth Rs 3,681 crore for the construction of the Bandra…

EIL signs MoU with German Company for new projects

The board of directors of Engineers India Limited (EIL) authorised a strategic cooperation with DEEP.KBB GmbH, Germany, for salt cavern projects during its meeting held recently The alliance will cooperate to provide basic…

Kerala to soon get hydrogen filling stations: Union Minister

Rameshwar Teli, the Union Minister of State for Petroleum, declared that the ministry would launch hydrogen-filling stations in Kereal to promote alternative fuels. The minister also expressed his gratitude to the state administration…

CapitaLand India Trust acquires site in Chennai to develop Rs 19.4 billion data centre

For roughly Rs 832.8 million (S$14.1 million), CapitaLand India Trust is purchasing a freehold 1.6-hectare plot in Ambattur, Chennai, in order to build its third data centre there. The location will be acquired…

Modi inaugurates phase-1 of Nagpur-Mumbai Super Communication Expressway

The Nagpur-Mumbai Super Communication Expressway’s first phase was officially opened by Prime Minister Narendra Modi. The project’s first phase connects Nagpur and Shirdi over 520 kilometres. The 701 km-long project, known as the…

L&T Construction bags contracts for its Minerals and Metals Business

ArcelorMittal Nippon Steel India (AM/NS India), a joint venture between the two global steel giants, has given the Minerals & Metals (M&M) Business of L&T Construction several orders in the Iron & Steel…

Murugappa Group to invest Rs 1,000 crore in EV business

Chennai-based Murugappa Group plans to invest between 800 and 1,000 crore in its electric vehicle (EV) industry through its EV affiliate, TI Clean Mobility. This includes the price of two acquisitions [a company…

TN CM Stalin launches advanced manufacturing centres at Rs 392 crore

At the convocation of Industries 4.0 held at TIDEL park at Taramani in Chennai, Chief Minister M K Stalin officially opened two cutting-edge manufacturing facilities to support and boost the growth of the…

GR Bandikui Jaipur Expressway gets financial closure from NHAI

The National Highways Authority of India (“Authority”) has sent a letter to GR Bandikui Jaipur Expressway Private Limited, a fully owned subsidiary of G R Infraprojects Limited, noting the financial conclusion of the…

Hardeep Singh Puri inaugurates Asia’s largest Compressed Bio Gas plant

Union Minister of Petroleum and Natural Gas Hardeep Singh Puri inaugurated Asia’s largest Compressed Bio Gas (CBG) plant in Lehragaga, in Punjab’s Sangrur. Addressing the inaugural event of the CBG plant, Puri said…

West Bengal Medical Services invites bids for construction of Mother and Child hub

For the construction of building a Mother & Child Hub at the Rampurhat Government Medical College & Hospital in the state of West Bengal, the West Bengal Medical Services Corpn. (WBMSCL) has issued…

Grasim Industries to invest Rs 3,117 crore

Grasim Industries‘ chairman, Kumar Mangalam Birla, the Aditya Birla Group’s flagship company will invest Rs 3,117 crore in its current operations in FY23. This investment would go toward upgrading and expanding plant capacity….

External Commercial Borrowings – August 2022 – Financial Services

Borrowing Company : Fullerton India Credit Co. Ltd. Economic / Industrial Activity : Financial service activities, except insurance and pension funding Loan Amount in USD : 35,00,00,000 Purpose of ECB loan : On-lending/Sub-lending….