President Opens Bharatiya Kala Mahotsav’s Second Edition
Adani Gains Creditor Approval for Rs 135 Bn Jaiprakash Associates Plan
Creditors of Jaiprakash Associates Ltd have given their approval to Adani Enterprises Ltd’s resolution plan valued at around Rs 135 billio . The proposal was endorsed even though a competing bidder had placed a higher offer, as lenders preferred the structure and timelines offered by Adani. According to people familiar with the development, the committee of creditors opted for Adani’s plan because it ensured a larger upfront payment and a significantly shorter payout period of roughly one-and-a-half to two years. In contrast, the alternate bid proposed a five-year payment window.Jaiprakash..
NHAI Sets Up RIIMPL to Lead Public InvIT for Highway Monetisation
The National Highways Authority of India is advancing its Public InvIT initiative with the establishment of Raajmarg Infra Investment Trust (RIIT), aimed at boosting road asset monetisation and widening investment access in the national highway sector. As part of this plan, NHAI has incorporated Raajmarg Infra Investment Managers Private Limited (RIIMPL) as the Investment Manager for the proposed InvIT. The new entity was formally launched in Mumbai by NHAI Chairman Santosh Kumar Yadav, in the presence of senior officials and institutional representatives.RIIMPL has been structured as a collab..
MMRDA Installs Key Steel Span On Andheri–JVLR Link
The Mumbai Metropolitan Region Development Authority (MMRDA) has completed a major construction milestone on the Andheri–JVLR Missing Link project with the installation of a 52-metre steel span at the highly congested Infinity Mall junction in Andheri West. The span, comprising 12 steel composite girders weighing 46.5 MT each and totalling 558 MT, was launched in one of Mumbai’s most complex transit zones. The site presented significant logistical challenges, with the under-construction Metro Line 6 above the alignment and the operational Metro Line 2A running at mid-level. Engineers had..
