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Power Mech secures Rs 1.1 billion O&M contract from Dangote
The 14th RAHSTA Expo, part of the India Construction Festival, will be held on October 9 and 10, 2024, at the Jio Convention Centre in Mumbai. For more details, visit: https://rahstaexpo.com
DigiYatra Launched at 9 Airports
Civil Aviation Minister K. Ram Mohan Naidu has launched the DigiYatra program at nine Indian airports, marking a significant step in enhancing air travel efficiency. This initiative leverages facial recognition technology for paperless, seamless boarding and check-in processes. DigiYatra aims to reduce wait times, improve passenger convenience, and ensure a smooth airport experience. The airports included in the launch are major hubs like Delhi, Mumbai, and Bengaluru, as well as regional airports, showcasing the government's commitment to digital transformation in aviation. Key Highlights: Lau..
Galathea Container Transhipment Port to be Built
A Special Purpose Vehicle (SPV) has been established to construct the Galathea Container Transhipment Port in Great Nicobar, marking a significant step for India's maritime infrastructure. The SPV is a collaboration among four major ports: Jawaharlal Nehru Port, Deendayal Port, Paradip Port, and V.O. Chidambaranar Port. This port is expected to bolster India?s transhipment capabilities, reduce dependency on foreign ports, and enhance trade flow in the region. Key Highlights: SPV Collaboration: Jawaharlal Nehru Port (JNPT), Deendayal Port, Paradip Port, and V.O. Chidambaranar Port have joined f..
Adani Group to Raise $1.5 Billion
The Adani Group plans to raise at least $1.5 billion by issuing dollar-denominated bonds, according to Bloomberg News reports. This move is part of the conglomerate's strategy to strengthen its financial position and fund its expansive infrastructure and business projects. The bond issuance is expected to bolster the group's capital base and support ongoing and future ventures. Key Highlights: Funding Through Dollar Bonds: Adani Group is set to raise $1.5 billion by issuing dollar bonds. This strategy will provide the conglomerate with substantial funds to support its wide range of business op..
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