Andhra Pradesh Industrial Infrastructure Corpn intends to develop an automotive park at Muppireddypally and Kallakal villages, in Medak district of Telangana. Project will entail an investment of Rs 48.04 crore and will spread over 750 acre of land. Work on the project is expected to commence by June 2018. The company is waiting for environmental […]

Shortly after identifying the successful bidder, NHAI issued the letter of award to Punj Lloyd and Varaha Infra joint venture for the construction of a two-lane highway stretch in the Kalewa-Yargi section of the upcoming India-Myanmar-Thailand (IMT) Trilateral Highway. Highway will connect India with Thailand through Myanmar via 120-km length at an estimated cost of […]

Reliance Infrastructure (RInfra) today said it has filed an application before state electricity regulator MERC for approval to sell its Mumbai power business to Adani Transmission (ATL). “RInfra has moved an application before Maharashtra Electricity Regulatory Commission (MERC) for its approval to assign its transmission and distribution licenses and transfer the integrated Mumbai power business […]

Total global corporate funding into the solar sector amounted to USD 12.8 billion in 2017, registering a 41 per cent jump over last year, a report says. This is a 41 per cent increase compared to USD 9.1 billion raised in 2016, according to global clean energy communications and consulting firm Mercom Capital Group. Total […]

Indian development centre of Renault and Nissan, near Chennai, is abuzz with activity. A ‘secret’ team, codenamed 2ASDU, is working on two car models for Renault and one for Datsun, a sub-brand of Nissan. Each such development, from concept stage to launch, could cost Rs 15-18 billion. Renault has had two successful products in India, […]