Smart Cities North America Awards: 13 cities bag smart city award

EIL Plans Expansion into Thermal, Offshore Wind, and Nuclear Sectors

Engineers India (EIL) is actively working to expand its footprint in the power generation sector beyond its traditional focus on oil and gas, according to its Chairman and Managing Director, Vartika Shukla.The company is currently engaging with stakeholders in the wind energy sector to explore offshore wind opportunities. In addition, it is evaluating a project management consultancy (PMC) role in the thermal power segment, particularly in light of efforts to revive several dormant plants. This strategic move is in line with the Indian government’s plan to add 80 GW of coal-based power capac..

IHCL’s Gateway brand debuts in McLeodganj, Himachal Pradesh

The Indian Hotels Company (IHCL) has announced the signing of a Gateway hotel in McLeodganj, Himachal Pradesh, marking its foray into the culturally rich hill town. The brownfield project is being developed in partnership with Mcleo Times Square. The 65-key hotel will be located within walking distance of the Dalai Lama Temple and the bustling McLeodganj market. Perched on a cliff, it will offer panoramic views of the Dhauladhar range and surrounding valleys. Key amenities include an all-day dining restaurant, bar, spa, fitness centre, and meeting rooms. Suma Venkatesh, Executive VP ..

Highways Infrastructure Trust adds 10 HAM highway projects from PNC

Highways Infrastructure Trust (HIT), a SEBI-registered InvIT, has added 10 operational Hybrid Annuity Model (HAM) highway projects from PNC Infratech to its portfolio. Spanning around 3,400 lane km, these assets are located across Rajasthan, Uttar Pradesh, Madhya Pradesh, and Karnataka. With this acquisition, HIT’s Assets Under Management (AUM) is expected to rise to around Rs 250 billion—up 2.5 times from March 2024. The new assets are projected to contribute approximately 40 per cent to revenue and 32 per cent to AUM. The acquired projects include PNC Rajasthan Highways, Chitra..