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Essar commissions India's largest iron ore handling complex

    | July 16, 2018

Essar Vizag Terminal Ltd (EVTL) has commissioned its iron ore handling complex in Visakhapatnam. This terminal is supposed to be India's largest, built with an investment of Rs 830 crore. This facility will have the fastest vessel turnaround time for iron ore among Indian ports. The cargo loading c

Tamilnadu to get Rs.43,000 crore investment under Bharatmala

    | July 16, 2018

Bharatmala Pariyogana scheme to cover 570 km of new roads with 9 green filed projects will be developed in Tamilnadu. A lavish budget of Rs 43,000 crore was approved in the month of February. The list of projects are mentioned below. Chennai- Salem Expressway Karur- Coimbatore Melur- Thirupat

Nepal and India signs MoU for Raxaul-Kathmandu rail line project

    | July 16, 2018

Nepal and India have agreed to seal the Memorandum of Understanding (MoU) for Preliminary Engineering cum Traffic Survey of the Raxaul-Kathmandu rail line as soon as possible. India has dispatched the text of the MoU of Raxaul-Kathmandu railway line. During the meeting both sides agreed to put c

Gujarat power utility GUVNL scraps 500 MW wind power tender

    | July 14, 2018

Gujarat Urja Vikas Nigam Limited (GUVNL) scrapped a tender for procurement of 500 Mw of electricity generated from wind power. The auction, which has faced several delays since it was launched at the end of February, was scrapped due to certain issues raised by bidders. “GUVNL’s wind

NTPC signs Rs 1,500 crore loan agreement with HDFC Bank

    | July 14, 2018

India's state-owned power generator NTPC Ltd today announced it has signed a term loan agreement with HDFC Bank Ltd. "The loan facility is extended at an interest rate linked to 3-months marginal cost of funds based lending rate (MCLR) of the Bank," the firm said in a statement. The loan has a

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Adani Power plans to raise up to Rs 5,000 crore to fuel business expansion, growth

    | July 14, 2018

Adani Power plans to raise up to Rs 5,000 crore through a mix of debt and equity to augment capital to sustain growth and finance its business expansion plans. The company proposes to have flexibility to infuse additional capital, to tap capital markets and to raise additional long term resource

SB Energy, Acme, ReNew biggest winners in SECI mega auction of 3,000 MW

    | July 14, 2018

SB Energy, the joint venture of Japan’s SoftBank, Taiwan’s Foxconn and Bharti Airtel, Acme Solar, a leading domestic solar developer, and the Sumant Sinha-led ReNew Power are the three biggest winners of the mega-solar auction of 3000 MW conducted by Solar Energy Corporation of India (

Five highways will have installations of LNG stations by next year

    | July 13, 2018

Leading oil marketing companies such as Petronet LNG Ltd., Indian Oil Corporation, BPCL and the like have huddled together to put up close to twenty LNG stations on various national highways to provide for LNG fed truck transport movement following instruction from the government, said Director (Fin

GE commissions 1st phase of world’s largest grid security solution for India's northern grid

    | July 13, 2018

GE Power, arm of US-based General Electric announced it has commissioned the 1st phase of the world’s largest Wide Area Monitoring System (WAMS) for Power Grid Corporation of India Ltd (PGCIL) for the Northern Grid in India. The project is part of the around $52.2 million contract awarded

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EESL scraps second tender for procurement of 10,000 electric cars

    | July 13, 2018

State-run Energy Efficiency Services(EESL) has scrapped its second tender for procurement of 10,000 electric cars as the industry awaits clarification on specifications for chargers which will allow higher end, luxury automakers to come into the picture. This tender was floated in April, and had

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