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GHV Infra Projects Bags Rs 7,000 Crore Deal For EPC Works Regarding Tyre Manufacturing Unit
The GHV Infra Projects plant will have a capacity of 7.6 million tyres per annum.
Gujarat builds 870 MW battery power backup network to stabilise renewable energy grid
Gujarat has launched battery storage systems totaling 870 MW across five locations to ensure renewable power grid stability. The state has also registered 13 additional projects and integrated BESS with its first solar village, Modhera. This initiative strengthens Gujarat's position as a leader in battery storage solutions in India.
Hero Realty raises Rs 1,200 crore debt from IndusInd Bank to fuel expansion plans
Hero Realty secures Rs 1,200 crore debt from IndusInd Bank. A Rs 1,000 crore platform is established with HDFC Capital Advisors for housing projects in tier-1 and tier-2 cities. The company is expanding its footprint in the National Capital Region and other states. Hero Realty is developing over 6 million square feet across multiple locations.
Road projects under hybrid annuity model have stable credit risk despite execution delays: Crisil
In India, a wave of road construction projects is hitting snags, primarily due to the complexities of a hybrid annuity model. While this has resulted in postponed timelines, the credit profiles of these initiatives remain secure due to strong protections in their concession agreements. The biggest hurdle? The often cumbersome process of acquiring the necessary right-of-way.
Canada’s Carbon Tax Hinders Pipeline Plans, Cenovus CEO Says
Alberta’s planned oil pipeline to the west coast requires Canada to shift away from stricter climate policies and toward promoting greater oil production from new projects, Cenovus Energy Inc.’s chief executive officer said.
Indian Industry Celebrates $20.5 Billion Investment In US; Announce $1.1 Billion Projects
Indian pharmaceutical companies announced plans to invest more than $19.1 billion in the United States, anchored by Sun Pharmaceutical's planned $11.75 billion acquisition of New Jersey-based Organon & Co.
Alpha Corp to take over three stuck projects following Supreme Court approval
The Supreme Court has revived Alpha Corp's plan to complete three stalled projects of Earth Infrastructures. This decision offers hope to over 3,000 homebuyers. Alpha Corp will invest Rs 750 crore to finish the projects, with no extra cost to buyers.
Godrej Properties to expand premium real estate footprint
The real estate developer has lined up high-value projects across Gurugram, Delhi and Mumbai as premium housing demand strengthens.
Larsen & Toubro bags mega order from JSW Steel for metals projects
Larsen & Toubro (L&T) said its Minerals & Metals business has secured its largest-ever domestic order in the metals sector from JSW Steel.
Aadhar Housing targets 20% growth in FY27, eyes ₹50,000 crore AUM in three years
The Blackstone-backed lender said West Asia tensions have no material impact on loan book as it sees steady demand from affordable housing and state-backed projects.
India’s grid bottleneck forces ReNew Energy to waste solar power, threatening profits
India's power grid struggles to handle excess solar energy. ReNew Energy Global Plc faces power curtailment, affecting earnings. The company is investing in battery storage to balance supply and demand. Rising costs from global events add to challenges. Future projects will focus more on solar power.
India approves two new semiconductor projects to boost chip ecosystem
The projects, with a combined investment of around Rs. 3,936 crore, will be set up in Gujarat and are expected to generate about 2,230 skilled jobs.