(Construction World) ONGC NTPC Green Pvt Ltd (ONGPL) has completed the Rs 62.5 billion acquisition of Ayana Renewable Power, securing a 100% equity stake. The 50:50 joint venture between NTPC Green Energy Ltd (NGEL) and ONGC Green Ltd finalized the deal. NGEL contributed Rs 31.2 billion toward the acquisition, aligning with its goal to achieve 60 GW of renewable capacity by 2032. Ayana, a key player in India’s green energy sector, has a 4,112 MW portfolio, with 2,123 MW operational and 1,989 MW under construction. Its projects are backed by high-credit-rated buyers, including SECI, NTPC, GUVNL, and Indian Railways. In…
Author: Aruna Sharma
(CNBC TV18) Adani Green Energy Ltd said its wholly-owned subsidiary Adani Renewable Energy Fifty Seven Ltd has operationalised the incremental solar power project of 37.5 MW at Khavda in Gujarat. With this, Adani Green Energy’s total operational renewable generation capacity has increased to 13,737.8 MW, the company said., the company said its wholly-owned subsidiary Adani Renewable Energy Holding Twelve Ltd was awarded a significant project by Uttar Pradesh Power Corporation Ltd (UPPCL) on March 27. The order grants the Adani subsidiary rights to supply 400 MW of solar power to UPPCL for 25 years. The solar power will be generated…
(CNBC TV18) NBCC (India) Ltd said it has won a new order worth ₹82.08 crore from Lokpal of India. It is for the renovation, interior works of the Lokpal premises at Vasant Kunj in New Delhi. On another note, NBCC Chairman and MD K P Mahadevaswamy told that the company aims to achieve around ₹5,000 crore in revenue in the first year that is 2025-26 (FY26) with Mahatma Phule Renewable Energy and Infrastructure Technology Limited (MAHAPREIT) partnership. NBCC has signed a memorandum of understanding (MoU) with MAHAPREIT to jointly undertake various consultancy, EPC, fee-based, and redevelopment projects across Maharashtra. The agreement, signed…
(PTI) Commerce and Industry Minister Piyush Goyal on Saturday said a German company from the chemical sector has decided to invest $1.5 billion in India, and a state has identified land for the project. Though the minister did not disclose the name of the company or the state, he said that the company’s head is expected to meet the state’s chief minister on Sunday. The company will “have the allotment of land in his hand, and we will have a billion-and-a-half dollars of foreign direct investment coming into the country over the next 12 months”, Goyal said at a session…
(Business Standard) Prime Minister Narendra Modi has conveyed deep condolences for the lives lost in Myanmar’s devastating earthquake during a conversation with the country’s Junta chief, Senior General Min Aung Hlaing. Taking to X (formerly Twitter), PM Modi wrote, “Spoke with Senior General H.E. Min Aung Hlaing of Myanmar. Conveyed our deep condolences at the loss of lives in the devastating earthquake. Reaffirming India’s commitment to helping its neighbour, he said, “As a close friend and neighbour, India stands in solidarity with the people of Myanmar in this difficult hour.” “Disaster relief material, humanitarian assistance, search & rescue teams are…
(TV9 Bharatvarsh) देश में बढ़ते पेट्रोल और डीजल की कीमतों में एक राहत भरी खबर सामने आई है. पेट्रोल और डीजल की कीमतों में कटौती हो सकती है. इसकी जानकारी खुद देश के पेट्रोलियम मंत्री हरदीप सिंह पुरी ने दी है. उन्होंने कहा कि अगर वैश्विक स्तर पर कच्चे तेल की कीमतें इसी तरह निचले स्तर पर बनी रहती हैं, तो आने वाले समय में पेट्रोल और डीजल सस्ता हो सकता है. पेट्रोलियम मंत्री ने कहा कि अगर ग्लोबल लेबल पर कच्चे तेल की कीमत अभी की तरह रही तो देश में पेट्रोल और डीजल के दाम में कमी देखने…
Four Indian state firms are in talks with Chilean miner SQM to acquire a 20 per cent stake in its two lithium projects in Australia for $600 million, four sources said, in New Delhi’s biggest effort to secure supplies of the key EV battery metal. Government-backed Khanij Bidesh India Ltd (KABIL) has partnered with Coal India, Oil India, and ONGC Videsh to seek the 20 per cent stake in SQM’s Mount Holland and Andover lithium projects in Western Australia, the sources said. The sources did not wish to be named as the deliberations were not public. SQM is the world’s…
(PTI) The Madhya Pradesh High Court on Thursday allowed the state government to dispose of the chemical waste from the defunct Union Carbide factory in Bhopal at a Pithampur plant after it was told that a trial incineration did not cause any adverse consequences. The four-decade-old hazardous waste shall be disposed of in a safe manner at the plant in Dhar district within 72 days, said a division bench of Chief Justice S K Kait and Justice Vivek Jain. The government had asked for 72 days to complete the process.
(PTI) Credit to industry expanded by 7.3 per cent in the fortnight ended on February 21, 2025, compared with 8.4 per cent in the year-ago period, according to Reserve Bank data released on Thursday. Among major industries, outstanding credit to ‘petroleum, coal products and nuclear fuels’, ‘all engineering’, ‘construction’, and ‘paper & paper products’ recorded an accelerated y-o-y growth, it said. Credit to agriculture and allied activities registered a growth of 11.4 per cent (y-o-y) as on the fortnight ended February 21, 2025 (20 per cent for the corresponding fortnight of the previous year).
National Highways Infra Trust (NHIT), the Infrastructure Investment Trust (InvIT) set up by NHAI in 2020 to support the Government of India’s monetization programme has successfully concluded fourth round of fund-raising at an Enterprise Value of about Rs.18,380 crore, making it the largest monetization transaction in the history of Indian roads sector. With completion of this round, the total realized value across the four rounds stands at over Rs. 46,000 crore. In this round, NHIT has successfully raised ~Rs. 8,340 crore in unit capital from marquee domestic and international investors along with Rs. 10,040 crore in debt from domestic lenders.…