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….

External Commercial Borrowings – August 2022 – Energy & Utilities Projects

Borrowing Company : Elephant Energy Private Limited Economic / Industrial Activity : Electricity, gas, steam and air conditioning supply Loan Amount in USD : 10,00,000 Purpose of ECB loan : Local Sourcing of…

External Commercial Borrowings – August 2022 – Education Projects

Borrowing Company : Downdog India Private Limited Economic / Industrial Activity : Education Loan Amount in USD : 2,52,834 Purpose of ECB loan : Working Capital Loan Tenure : 5 years 10months Lender…

External Commercial Borrowings – August 2022 – Software Consultancy

Borrowing Company : SNFL Cloudtech India Private Limited Economic / Industrial Activity : Computer programming, consultancy and related activities Loan Amount in USD : 50,00,000 Purpose of ECB loan : Local Sourcing of…

External Commercial Borrowings – August 2022 – Air Transport

Borrowing Company : Tata Sia Airlines Limited Economic / Industrial Activity : Air transport Loan Amount in USD : 3,60,00,000 Purpose of ECB loan : Import of Capital Goods Loan Tenure : 12…

New Projects by Enveda Therapeutics India, Bharat Oman Refineries, Glensky Spirits,

Enveda Therapeutics India’s New Pharmaceutical Formulation Unit Enveda Therapeutics India is planning to take up new pharmaceutical formulation unit in Lalgadimalakpet, Shamirpet, Medchal-Malkajgiri, Telangana. The project involves establishment of pharmaceutical formulation unit of…

External Commercial Borrowings – August 2022 – Hospitality

Borrowing Company : AHS Hospitality India Private Limited Economic / Industrial Activity : Accommodation Loan Amount in USD : 1,20,000 Purpose of ECB loan  : Working Capital Loan Tenure : 8 years 11…

NHPC, DVC sign MoU to set up joint venture firm for hydro power

NHPC announced that it had signed a contract with Damoder Valley Corporation to examine the feasibility of establishing a joint venture company for the establishment of hydropower and pump storage projects. According to…

Mormugao Port Trust floats tender for redevelopment of berths

On a DBFOT basis, the Mormugao Port Trust has requested proposals for the rehabilitation of berths 9 and three barge berths at Mormugao Port in Goa. Construction of a 350-meter-long berth; provision of…

NHPC awards contracts for 1,000-MW solar project to Adani Infra, Tata Power Solar Systems, and SSEL-ASR JV

Adani Infra, Tata Power Solar Systems, and SSEL-ASR JV have been granted engineering, procurement, and construction (EPC) contracts for Rs 6,604.42 crore by the state-run NHPC for a 1,000 MW solar project and…

NTPC REL floats tender for setting up 3,000 MWh RE storage facility

NTPC Renewable Energy (NTPC REL), a subsidiary of NTPC, has issued a request for proposals for the construction of a 3,000 MWh inter-state transmission system (ISTS)-connected energy storage facility in India.   NTPC…