Infrastructure opportunities in Tier-II, Tier-III and Tier-IV cities are immense, says President, CREDAI National
India Surpasses Australia, Japan, and Singapore in Data centre Capacity
India has surpassed Australia, Japan, and Singapore in data centre capacity, cementing its position as a prominent player in the global digital infrastructure landscape. The country's rapid advancement in data centre infrastructure underscores its growing significance in the digital economy.
The surge in data centre capacity is attributed to several factors, including increasing internet penetration, rising demand for digital services, and government initiatives to promote digitalization. As businesses and consumers alike embrace digital technologies, the need for robust data infrastru..
Morocco to expand energy capacity by 9 gigawatts; 6.5 for renewables
Leila Benali, Energy Minister, Morroco, speaking at a conference on batteries in Rabat, revealed that out of the $7 billion investment planned by Morocco to expand its energy capacity by 9 gigawatts by 2027, 6.5 gigawatts would be attributed to renewables. Currently, renewable capacity stands at 4.5 gigawatts, comprising 37.6 % of the total capacity, as reported by the electricity regulator.
Since 2009, Morocco has allocated $6 billion to renewable projects, aiming to raise their share in the country's energy blend to 52% by 2050, primarily through investments in solar and wind energy. ..
MNRE Eases Approval Process for CPSU Solar Parks
In a significant move to streamline the approval process for solar park development, the Ministry of New & Renewable Energy (MNRE) has announced exemptions for central public sector undertakings (CPSUs) and their joint ventures from seeking state government committee approval for infrastructure development and operations & maintenance (O&M) charges.
This decision, communicated through an office memorandum, responds to requests from Solar Power Park Developers (SPPDs) to simplify the approval process. Under the new guidelines, CPSUs and their joint ventures can submit their detailed proj..
Q4 profit: Keystone Realtors' profit falls 60%
A 60 % fall was seen in realty firm Keystone Realtors Ltd net profit to Rs 0.3 billion for the March quarter. Last year in the same period. The company?s net profit stood at Rs 0.76 billion.
In addition, total spending increased to Rs 7.81 billion from January to March of the previous fiscal year from Rs 2.71 billion the previous year. In the fourth quarter of the most recent fiscal year, total income increased to Rs 8.26 billion from Rs 3.57 billion during the same period the previous year.
The company's net profit increased to Rs 1.12 billion in the 2023?24 fiscal year from Rs..
Brookfield India Real Estate Trust will acquire a 50% stake
50% of the four Grade A assets from Bharti Enterprises (Bharti) will be acquired by Brookfield India Real Estate Trust (BIRET) as per an agreement between the two. The 3.3 million square feet of commercial real estate included in the deal have an enterprise value of about Rs 60,000 million. The whole equity payment for the 50% interest would be satisfied by giving Bharti first dibs on BIRET units, which are valued at Rs 300 each. After that, Bharti will retain an 8.53% ownership position in BIRET, making it the second-largest unitholder.
The portfolio of properties consists of the op..