
AAI Proposes Private Aviation Terminal at Pune Airport

Desco Infratech Wins Rs 39.6 Million GAIL Gas Contract
Desco Infratech gained 1.46 per cent to close at Rs 237 after securing a Rs 39.6 million contract from GAIL Gas, a government-owned PSU. The order involves laying underground MDPE pipelines and related works as part of the City Gas Distribution (CGD) project in Bengaluru, Karnataka.The contract is set to be executed over 12 months from commencement, under the terms specified in the letter of award (LOA) issued by GAIL Gas following a domestic competitive tendering process. The company confirmed that there is no involvement of promoters, promoter group, or group companies of GAIL Gas, and the c..

Torrent Power Acquires Stake in Newzone Firms for Rs 2.11 B
Torrent Power Limited has acquired shares in Newzone India Private Limited (NZIPL) and Newzone Power Projects Private Limited (NZPPPL) for a total consideration of Rs 2.11 billion. The company will take 1,195,510 shares of NZIPL, representing 49 per cent equity, and 3,000,000 shares of NZPPPL, equivalent to 100 per cent ownership from the Sarawagi family and related HUFs, making Torrent Power the effective owner of both firms.NZIPL holds around 922 acres of private and government-leased land in Annupur district, Madhya Pradesh, intended for a thermal power project. The acquisition, confirmed t..

AP Govt Rolls Out Rs 5.5 Billion Power Projects
To meet growing electricity needs across households, industries, and agriculture, the Andhra Pradesh government has launched development works worth Rs 5.5 billion across 68 locations under APTRANSCO, Energy Minister Gottipati Ravi Kumar informed the Legislative Council on Tuesday.The minister noted that these projects will help reduce network overload and low-voltage issues, as the state’s power consumption rises at 6–8 per cent annually. To meet future demand, construction has already begun on 14 new substations.Currently, Andhra Pradesh has 18 substations of 400 kV, 113 substations of 2..