Adani Road Transport's two units accept bids for Rs 11.25 billion bond issue

Vadhvan Port Development Kicks Off with Rs 17 Billion Tender for Works

Vadhvan Port Project has initiated the bidding process for near-shore reclamation and shore protection works, marking a key initial move towards the construction of a new deep-water port at Vadhvan, located near Dahanu in Maharashtra's Palghar district. The contract for these works, estimated at Rs 17 billion, will follow the engineering, procurement, and construction (EPC) model. The planned Vadhvan mega port, which will span 1,448 hectare of reclaimed land, is expected to have a total cost of Rs 762.20 billion. Unmesh Wagh, Chairman of the Jawaharlal Nehru Port Authority (JNPA), mentioned..

Abu Dhabi Investment to Invest $750M in GMR Group's Debt

The Abu Dhabi Investment Authority (ADIA), recognized as the UAE's largest sovereign wealth fund, plans to invest approximately $750 million in the debt of India's GMR Group, thereby establishing a presence in one of the fastest-growing aviation markets globally. This investment will also enable GMR Group to reduce the pledged shareholding related to its airports business. ADIA's funds will be allocated to structured debt instruments of GMR Enterprises (GEPL), the holding company for GMR Group, which holds nearly a 25% stake in GMR Airports. The capital will be used to refinance all externa..

Railway Projects Valued at Rs 720 Billion to Launch in Andhra Pradesh

Andhra Pradesh Chief Minister N Chandrababu Naidu announced that the Railway Minister had assured him that the Ministry was prepared to undertake railway projects worth Rs 720 billion in the state. During a meeting, he instructed officials to expedite and finalise all ongoing railway project works in the state as quickly as possible. The Chief Minister led a discussion with officials from both the Railway Ministry and the state government regarding land acquisition and the current status of railway line projects, emphasising the need to assess progress on all ongoing works. Inquiring about ..