CCI authorises purchase stake of NIIF in Hindustan Ports

14 Feb 2023 CW Team

The Competition Commission of India (CCI) approved National Investment and Infrastructure Fund's acquisition of a stake in Hindustan Ports Pvt Ltd. (NIIF). Additionally, the regulator gave the go-ahead for Hindustan Infralog Pvt Ltd (HIPL) to consolidate with HPPL. The proposed merger of HIPL with HPPL and the acquisition of up to 25% of HPPL by National Investment and Infrastructure Fund were both approved, the CCI stated in a tweet. In June last year, NIIF announced that it had invested Rs 22.50 billion in HPPL, a local branch of DP global in the UAE. Sponsored and anchored by the government, NIIF is an alternative investment fund. Both HIPL and HPPL offer services for container terminals. The agency stated in a second tweet that it had approved the Megha Engineering and Infrastructures Ltd (MEIL) group's purchase of Lanco Anpara Power Ltd's (LAPL) whole equity investment. While MEIL is active in engineering, procurement, and construction in numerous industries, LAPL is concerned in the production of thermal power.

Infrastructure Transport

07 Apr 2026

Tunnelling Begins for Thane, Borivali twin tunnel project

Tunnelling work has commenced for the 11.84-km Thane–Borivali Twin Tunnel, set to be India’s longest urban road tunnel, marking a key milestone in Mumbai’s infrastructure development.As per a post shared by Mumbai Metropolitan Region Development Authority on social media platform X, the tunnel boring machine (TBM) ‘Nayak’—the country’s largest single-shield hard rock TBM for an urban tunnel—was launched by Devendra Fadnavis on Tuesday. The event was attended by Eknath Shinde and Sunetra Pawar, among other dignitaries. A second TBM, ‘Arjuna’, is expected to be launched so..

Large Format Store Planned At M G Road Metro Station

M G Road station in Bengaluru is set to host the city’s first large-format commercial and experience space, with planning led by Bangalore Metro Rail Corporation Limited. BMRCL has invited proposals to develop and operate a central business district destination at the Purple?Pink Line interchange. The plan positions the station as a commercial hub designed to serve a broad commuter base across the city. The proposal is part of a broader effort to activate transit nodes commercially. Tender documents set a minimum monthly rental of Rs 0.944 million (mn), inclusive of GST, for the large-format..

Government Cancels Auction Of Eleven Critical Mineral Blocks

The government has cancelled the auction of 11 critical and strategic mineral blocks after receiving a poor investor response and failing to attract a sufficient number of qualified bidders. The decision represents a setback to plans to ramp up domestic exploration and production of critical minerals amid global supply chain disruptions and rising demand for materials used in clean energy and advanced technologies. The mines ministry issued an annulment notice setting out the reasons for the cancellations. The annulment notice indicated that the auction process for five mineral blocks was canc..