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GHV Infra gains on bagging 630 million EPC contract for Cameroon tyre plant
GHV Infra Projects rose 1.95% to Rs 269 after it has secured an engineering, procurement and construction (EPC) contract worth 630 million (around Rs 7,000 crore) from Cameroon Tyres Factory Project SA.
India clears path for big funds to bid directly for road projects
India has opened the door for pension and sovereign wealth funds to directly bid on greenfield toll-road projects, aiming to boost private investment in infrastructure. This move relaxes eligibility norms for build-operate-transfer projects, allowing institutional investors to leverage their financial strength while partnering for construction expertise. The government seeks to significantly increase the share of BOT projects in highway awards.
NTPC to submit first nuclear project feasibility study
Power giant NTPC is set to submit its first nuclear project feasibility study to the Department of Atomic Energy. This move aims to secure approval for standalone nuclear projects. NTPC plans to achieve 2 GW of nuclear capacity by 2032. The company is also exploring sites in Bihar and other states for its ambitious nuclear expansion plans.
Railways clears 2 projects in northwest Delhi to reduce congestion: CM
The Railways has approved crucial infrastructure projects for northwest Delhi. Widening of the Haiderpur-Badli rail overbridge will ease Mukarba Chowk traffic. An elevated loop connecting Shalimar Bagh and Sanjay Gandhi Transport Nagar also received approval. These projects aim to significantly reduce congestion and improve connectivity. The Delhi government is committed to developing a modern transport network.
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.
Sony forecasts 11% rise in annual profit but lower sale
Sony anticipates a sales dip in its gaming division. This is due to fewer PlayStation 5 hardware sales as the console ages and increased memory chip costs. However, the company projects a profit increase driven by strong first-party game releases. Sony is also investing in its future gaming platform. The company plans a significant share buyback program.
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.
L&T wins multiple 'large' real-estate orders across India
L&T categorises projects valued between ₹2,500 crore and ₹5,000 crore as ‘large’ orders.
Maharashtra CM Devendra Fadnavis: Rs 33,000 Crore Projects Underway For Kumbh Mela, Nashik To Be Growth Engine
Devendra Fadnavis said Maharashtra wants to become a trillion dollar economy.
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.