Kolkata Port awards Rs.3.44 bn project

Telangana to Take Over Hyderabad Metro Phase 1 From L&T

The Telangana government has agreed in principle to take over Hyderabad Metro Rail Phase 1 from L&T Metro Rail Hyderabad (L&TMRH), marking the end of the PPP model for the project.As part of the one-time settlement, the government will pay Rs 2.1 billion to L&T towards its equity investment and assume about Rs 130 billion in debt, according to an official statement on Thursday. The agreement follows discussions between Chief Minister A. Revanth Reddy and L&T Chairman and MD S. N. Subrahmanyan, along with senior officials, to resolve outstanding issues and pave the way for Phase..

Powergrid Clears Rs 7.1 Billion Projects for Grid Resilience

Power Grid Corporation of India Ltd (Powergrid) has approved two major infrastructure projects worth Rs 7.1 billion to strengthen national grid operations and enhance disaster preparedness. The company’s Committee of Directors on Investment on Projects cleared the initiatives at its meeting on 26 September.The first project, valued at Rs 2.1 billion, will set up a Voice over Internet Protocol (VOIP) communication system across all five regional grids — Northern, North Eastern, Southern, Western and Eastern. Scheduled for commissioning by 23 August 2026, it will enhance coordination and eff..

NCW Buys Chennai Office Campus for Rs 25.5 Billion

Nuvama and Cushman & Wakefield-backed realty fund has acquired a 2.4 million sq ft office campus in Porur, Chennai, from Singapore-based Keppel Group for Rs 25.5 billion.Nuvama and Cushman & Wakefield Management Pvt Ltd (NCW) is a 50:50 joint venture between Nuvama Asset Management and global real estate firm Cushman & Wakefield. The acquisition was made through NCW’s flagship fund Prime Offices Fund (PRIME), which targets premium commercial office assets in high-growth Indian markets.“The asset was acquired through a 100 per cent buyout from Keppel’s real estate division, at..