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Venture Debt Gains Ground in India's Startup Ecosystem
Ashoka Buildcon turns lowest bidder for Rs 27.91 billion NHAI projects
Ashoka Buildcon Ltd announced on November 18, 2024, that it has emerged as the lowest bidder (L-1) for two National Highways Authority of India (NHAI) projects in West Bengal, with a combined value of Rs 27.91 billion. These Engineering, Procurement, and Construction (EPC) projects will be executed under the Hybrid Annuity Model (HAM). The first project involves developing a four-lane economic corridor between Bowaichandi and Guskara-Katwa Road (Km 89.814 to Km 133) of NH 116A (Package-3). This project is valued at Rs 13.91 billion, excluding GST, and is expected to be completed within 910 d..
Tata Power, Jakson, Ashoka Buildcon lead solar EPC market in 1H 2024
Tata Power Solar, Jakson Green, and Ashoka Buildcon have emerged as the top utility-scale solar engineering, procurement, and construction (EPC) providers in India during the first half (1H) of 2024, according to Mercom India’s Solar Market Leaderboard for 1H 2024. Gensol Engineering and InSolare Energy also secured spots in the top five. Tata Power Solar led the market with a 32.7% share, followed closely by Jakson Green at 32.1%, while Ashoka Buildcon claimed the third spot with 6.5%. Gensol Engineering and InSolare Energy accounted for 6.2% and 5.1% of the market, respectively. Together..
Adani Realty plans Mumbai expansion, eyes convention centre
Adani Realty, the real estate arm of the Adani Group, is gearing up for a significant push in Mumbai with plans to develop 6-8 million square feet of residential, commercial, and retail spaces. A highlight of this expansion is a 25,000-seat convention centre near the upcoming Navi Mumbai airport, poised to rival Mukesh Ambani’s Jio World Convention Centre in Bandra Kurla Complex (BKC). The proposed convention centre will be part of a larger ecosystem featuring five-star hotels, corporate meeting spaces, and retail areas. Covering 3-3.5 million square feet, this project aims to capitalise o..
