More than Rs.24.10 bn has been reportedly allotted towards railway infrastructure projects and safety works in 2019-2020 for Tamil Nadu. In total, 27 different projects worth Rs.188.55 bn are in different stages of planning, sanction and execution now in the state.
Hines, the US-based global real estate investment firm, plans to invest US$ 500 mn in India to develop new commercial and housing projects. The company foresees excellent growth opportunities in the country despite the current slowdown in the real estate sector.
The Andhra Pradesh Solar Power Corporation (APSPCL) has issued operation and maintenance (O&M) tenders for two of the state’s ultra-mega solar parks – 1.5 GW of solar projects at Ananthapuramu and 1 GW of projects at Kurnool ultra-mega solar park.
Coal India is planning to add fresh production capacity of over 400 mn tonne over five years. This includes 92 mt per annum capacity from 55 greenfield projects and an additional 310 mt per annum that will come from the expansion of 193 existing brownfield projects.