Australia approves first coal mine in a year, despite climate concerns
NHAI Set to Launch Green Bonds Valued at Rs 10 billion
Reiterating its commitment to promote environment sustainability and development of green highways, National Highways Authority of India’s fully owned Special Purpose Vehicle (SPV) ‘DME Development (DMEDL) will issue green bonds to raise funds for the implementation of environment friendly measures on Delhi-Mumbai Expressway project. To be held under closed bidding system, the aggregate total size of the issue will be up to Rs10 billion with a base issue size of Rs 5 billion. There will be a green-shoe option to retain oversubscription up to Rs 5 billion. The first of its kind green bond i..
Dubai's Tecom to Exit Kochi Smart City Project
The state government has decided to remove the Dubai-based Tecom Company from the Smart City Kochi project, originally envisioned to attract global investment to Kerala. Despite the project's first phase being completed in 2016, five years after it was signed in 2011, the second phase failed to materialize over the following 13 years. This prolonged stagnation and failure to meet its objectives led to the decision to part ways with Tecom. The Cabinet, during a meeting on Wednesday, approved the recommendation of a committee led by the Chief Secretary to address the crisis. It was decided to f..
India Partners with Top South Korean Shipyards for Shipbuilding Goals
India is actively seeking technical collaborations and joint ventures with top global shipbuilders, including South Korea's HD Hyundai Heavy Industries Co, Hanwa Ocean Co, and Samsung Heavy Industries Co, in light of a major shipbuilding policy that is expected to be approved by the Cabinet soon. A high-level delegation, led by T K Ramachandran, Secretary of the Ministry of Ports, Shipping and Waterways, recently returned from South Korea, where they visited leading shipyards to understand the construction methods and processes used by the world’s second-largest shipbuilding nation. The del..