NTPC-ONGC Green JV Becomes Top Bidder for Ayana Renewable at $ 650 mn

New High-Speed Corridor to Cut Delhi-Gurugram Travel Time

Fed up with long traffic jams between Delhi and Gurugram? Relief may be near as plans for a new high-speed corridor are underway, set to drastically reduce travel time between the two cities. What currently takes over an hour on congested routes such as NH-48 or MG Road could soon be shortened to just 25 to 30 minutes.A direct link originating from either Gyarah Murti or Talkatora Stadium to Gurugram is being explored as part of two key proposals designed to ease traffic congestion in Lutyens’ Delhi and Central Delhi, according to government sources.The concept was discussed at a meeting in ..

Vertis Raises Rs 9 billion via SLB, Sets InvIT Benchmark

Vertis Infrastructure Trust (formerly Highways Infrastructure Trust), a SEBI-registered Infrastructure Investment Trust (InvIT), has raised Rs 9 billion through a Sustainability-Linked Bond (SLB), the largest such issuance by an Indian InvIT to date. The 10-year fixed-rate bond, priced at 7.40 per cent, was anchored by the International Finance Corporation (IFC) with an investment of Rs 4.5 billion. This landmark issuance underlines growing global confidence in India’s ESG-focused infrastructure financing landscape. The SLB features predefined sustainability performance targets, linking..

NHAI Trials GlasGrid Tech to Strengthen Chennai-Bengaluru Highway

The National Highways Authority of India (NHAI) has begun a trial using GlasGrid — a pavement reinforcement grid made of high-strength glass fibre — to repair identified cracks on the Chennai-Bengaluru Highway (NH-44) between the Walajah toll gate in Ranipet and Krishnagiri, aiming to enhance the durability of the 148 km stretch.NHAI officials stated that this portion of the highway is maintained by Larsen & Toubro under a 30-year maintenance contract signed over a decade ago. According to norms, a full resurfacing of the entire stretch is carried out once every ten years, with routine..