Aviation Ministry Allocates Rs 300 Mn for Drone PLI

Dubai Municipality Delegation Visits Moro Hub to Explore Smart Tech

His Excellency Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA), welcomed a high-level delegation from Dubai Municipality at Moro Hub, a subsidiary of Digital DEWA, the digital arm of DEWA. The delegation was led by His Excellency Marwan Bin Ghalita, Director General of Dubai Municipality. The visit aimed to strengthening collaboration on digital transformation and smart city initiatives between both organizations.The meeting was attended by Eng. Marwan Bin Haidar, Vice Chairman – Digital & Group CEO of Digital DEWA; Eng. Waleed Bin Salman, Vice Chair..

FASTag Annual Pass May Cut Toll Operators’ Revenue by 4–8%

The recent announcement of FASTag annual pass of Rs 3,000 will benefit frequently travelling private commuters but impact the toll collections of private toll operators. The deficit may need to be compensated under the concession agreement, and hence timely finalisation and implementation of the compensation framework will be crucial. In the interim, credit risk profiles of Crisil Ratings-rated toll operators are expected to hold steady, aided by adequate cash flow cover.A Crisil Ratings assessment of 40 operational toll road projects indicates as much.The annual pass will be applicable from A..

Reliance Defence Gets Rs 6 Bn Export Order from Germany’s Rheinmetall

Reliance Infrastructure promoted, Reliance Defence (Reliance Defence), announced securing of a significant export order worth Rs 6 billion from Rheinmetall Waffe Munition GmbH, a leading German defence and ammunitions manufacturer.Reliance Defence’s export order is one of the largest in the high-tech ammunition domain to date. This underscores the strength of its recently announced strategic partnership with Rheinmetall. The order represents a key milestone in Reliance Defence’s strategy to strengthen its position as a reliable partner in the global defence and munition supply chain, with ..