BII, FMO Provide $50 Mn for BECIS Renewables

Centre Allocates Rs 17.77 Bn to Modernise City’s Suburban Rail Network

More than two months after the general budget announcement, Indian Railways finally disclosed the funding allocated for the improvement of Mumbai’s suburban rail network for the year 2025-26. A total amount of Rs 17.77 billion has been earmarked for ongoing and proposed projects on the Central and Western Railway lines, marking a significant 125 per cent increase compared to the previous year’s budget allocation of Rs 7.89 billion.These projects are part of various phases of the Mumbai Urban Transport Project (MUTP), a major initiative designed to expand and enhance the capacity of Mumbaiâ..

ReNew to Build 2.8 GW Hybrid Renewable Project in Andhra Pradesh

ReNew Energy Global (ReNew), a leading provider of decarbonization solutions, has announced plans to invest approximately Rs 220 billion in establishing a large-scale hybrid renewable energy project in Andhra Pradesh's Anantapur district.The proposed project is expected to have a total capacity of about 2.8 GW, comprising 1.8 GW of solar and 1 GW of wind energy, along with a battery energy storage system (BESS) of 1.8 GW capacity.The company stated that the project would rank among the largest renewable energy complexes in India situated at a single location.In the initial phase, ReNew will im..

Pune Sees 14,421 Property Deals in April 2025, Earns Rs 5.47 Bn: Report

Knight Frank India, in its latest assessment, noted that Pune’s real estate market registered 14,421 property transactions in April 2025, generating Rs 5.47 billion in stamp duty revenue. While property registrations saw a slight year-on-year (Y-o-Y) increase of 1 per cent, stamp duty collections dipped marginally by 3 per cent Y-o-Y during the same period. The decline in stamp duty revenue is primarily attributed to a higher share of registrations in lower ticket-size segments. On a month-on-month (MoM) basis, both property registrations and stamp duty collections in Pune fell by 43 pe..