IL&FS Receives Approval for Sale of J&K Firms to Singapore's Cube

05 Mar 2024 CW Team

IL&FS (Infrastructure Leasing & Financial Services) has secured approval for the sale of its Jammu and Kashmir-based firms to Singapore's Cube. This development marks a significant step in IL&FS's ongoing efforts to divest assets and streamline its operations, while also fostering international collaboration in the realm of infrastructure development.

The nod for the sale signifies the positive reception of IL&FS's strategic divestment plan, which aims to optimise its portfolio and strengthen financial stability. The involvement of Singapore's Cube reflects cross-border interest in contributing to the development and growth of infrastructure projects in the Jammu and Kashmir region.

IL&FS, a key player in the infrastructure sector, has been actively working towards resolving its financial challenges and revitalising its operations. The approval for the sale of J&K firms aligns with the company's commitment to restructuring and creating a more sustainable and efficient business model.

Singapore's Cube emerges as a noteworthy partner in this transaction, indicating international confidence in the potential of infrastructure development in the Jammu and Kashmir region. The collaboration is anticipated to bring in expertise, investment, and innovative approaches, contributing to the overall progress of the infrastructure projects under consideration.

IL&FS's successful progression in the sale of J&K firms to Cube exemplifies the positive outcomes of strategic divestment, paving the way for renewed focus and efficiency in the infrastructure development landscape.

Infrastructure Urban

26 Aug 2025

Jupiter Opens First EV Showroom in Hyderabad

Jupiter Electric Mobility Pvt Ltd (JEM), the electric commercial vehicle arm of Jupiter Wagons Ltd, has inaugurated its first showroom in New Bowenpally, Secunderabad, Hyderabad. The launch also marks the introduction of its 1.05-tonne four-wheeler electric light commercial vehicle (eLCV), JEM TEZ, to Telangana’s growing logistics and intra-city freight market. This expansion underscores JEM’s commitment to delivering purpose-built sustainable mobility solutions and accelerating the electrification of India’s logistics sector.The new showroom, operated by Arven Motors Pvt Ltd, offers cus..

Premier Energies Launches 620W DCR Solar Modules in India

Premier Energies Limited, one of India’s largest integrated solar manufacturers, has launched its next-generation 620W DCR solar modules using G12R TOPCon technology, now among the most powerful large-format panels available in the country.The new modules, built with Tunnel Oxide Passivated Contact (TOPCon) architecture, deliver superior power density, improved temperature coefficients, and enhanced low-light performance. The rectangular G12R N-type cell design enables higher string power and balance-of-system optimisation, making the panels suitable for utility-scale projects as well as com..

ONGC Starts Gas Sales from Rajasthan Chinnewala Tibba Block

Oil and Natural Gas Corporation Limited (ONGC) has commenced natural gas sales from the Discovered Small Field (DSF-II) Block RJ/ONDSF/Chinnewala/2018, marking the successful monetisation of the Chinnewala Tibba field in the Rajasthan Kutch Onland Exploratory Asset (RKOEA). Gas sales officially began on 25 August 2025.This development highlights ONGC’s commitment to boosting domestic energy production and strengthening India’s energy security under the guidance of the Ministry of Petroleum and Natural Gas. Located in western Rajasthan, close to the Indo-Pakistan border, the Chinnewala Tibb..