Cabinet approves FDI in ATC Telecom Infrastructure
ECONOMY & POLICY

Cabinet approves FDI in ATC Telecom Infrastructure

The central government approved Rs 2,480 crore on Wednesday for ATC Asia Pacific to buy about a 12 per cent stake in ATC Telecom Infrastructure.

The combined foreign direct investment (FDI) of ATC Asia Pacific would be Rs 5,417.2 crore into ATC Telecom Infrastructure with the approval from the Cabinet Committee on Economic Affairs (CCEA). Union Minister Prakash Javedekar said that by ATC Asia Pacific Pvt Ltd, the CCEA will allow the FDI of Rs 2,480 crore with Rs 216 per share for the purchase of 12 per cent stock of ATC Telecom.

ATC Telecom Infra offers maintenance and operations services as well as provides telecommunications infrastructure solutions.

The total FDI in ATC Telecom Infrastructure will now be Rs 5,417 crore. 

The central government approved Rs 2,480 crore on Wednesday for ATC Asia Pacific to buy about a 12 per cent stake in ATC Telecom Infrastructure. The combined foreign direct investment (FDI) of ATC Asia Pacific would be Rs 5,417.2 crore into ATC Telecom Infrastructure with the approval from the Cabinet Committee on Economic Affairs (CCEA). Union Minister Prakash Javedekar said that by ATC Asia Pacific Pvt Ltd, the CCEA will allow the FDI of Rs 2,480 crore with Rs 216 per share for the purchase of 12 per cent stock of ATC Telecom. ATC Telecom Infra offers maintenance and operations services as well as provides telecommunications infrastructure solutions. The total FDI in ATC Telecom Infrastructure will now be Rs 5,417 crore. 

Next Story
Infrastructure Energy

Mizoram To Build Rs 139 Billion Pumped Storage Power Plant

Mizoram Chief Minister Lalduhoma on Friday announced plans to construct a 2,400 MW pumped storage hydroelectric power plant in Hnahthial district, marking a major step towards achieving energy self-sufficiency in the state. Addressing the Mizo Students’ Union general conference in Hnahthial town, the Chief Minister said the plant would be developed across the Darzo Nallah, a tributary of the Tuipui river. Once operational, the project is expected to play a pivotal role in meeting Mizoram’s rising electricity demand and reducing dependence on imported power. Officials from the State Power..

Next Story
Infrastructure Energy

Centre Plans Nationwide Opening Of Power Retail Market

India is preparing to open up its retail electricity market to private companies nationwide, effectively ending the long-standing monopoly of state-run power distributors in most regions, according to a draft bill released by the Union Power Ministry on Friday. The move will enable major private sector players — including Adani Enterprises, Tata Power, Torrent Power, and CESC — to expand their presence across the country’s electricity distribution landscape. A similar reform attempt in 2022 had faced strong opposition from state-run distribution companies (discoms), which currently dom..

Next Story
Infrastructure Energy

CEA Sets 100 GW Nuclear Target For India By 2047

In a landmark step marking its 52nd Foundation Day, the Central Electricity Authority (CEA) unveiled an ambitious roadmap to develop 100 gigawatts (GW) of nuclear power capacity by 2047, aligning with India’s long-term Net-Zero commitment and energy security objectives. The event, held at the Central Water Commission auditorium in New Delhi’s R.K. Puram, was attended by Pankaj Agarwal, Secretary, Ministry of Power, who served as the Chief Guest. The roadmap sets out a detailed plan to expand India’s nuclear capacity from its current level of approximately 8,180 MW as of early 2025, outl..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?