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Four Indian states secure USD801m in ADB funds for projects

Four Indian states secure USD801m in ADB funds for projects

India secured USD801m from ADB for four projects: USD500m for Maharashtra's solar power, USD190.6m for Indore Metro, USD109.97m for Gujarat skills, and a USD1m grant for Assam's wetland project.
Asia spot prices at fresh two-month low as mild weather softens demand

Asia spot prices at fresh two-month low as mild weather softens demand

Asian spot liquefied natural gas (LNG) prices hit a two-month low. High inventories and mild weather significantly softened demand, reflecting a challenging market for the energy commodity.
ASBL enters gulf market, engages thousands of NRIs in landmark realty outreach

ASBL enters gulf market, engages thousands of NRIs in landmark realty outreach

ASBL, an Indian real estate developer, successfully entered the Gulf market with its NRI Realty Meet across Muscat, Doha, Abu Dhabi, and Dubai. This multi-city initiative engaged thousands of NRIs, strengthening investor commitment.
Godrej Properties buys 5 acre land in Hyd to build Rs 4,150 cr worth housing project

Godrej Properties buys 5 acre land in Hyd to build Rs 4,150 cr worth housing project

Godrej Properties acquired 5 acres in Hyderabad via auction to develop a housing project valued at Rs 4,150 crore. This strategic land purchase marks a significant expansion for the company.
From zero to 100: Electric vehicle charging stations plan gets a jump start in Ludhiana.

From zero to 100: Electric vehicle charging stations plan gets a jump start in Ludhiana.

Ludhiana's MC plans 100 new EV charging stations via a public-private partnership, incurring no cost. This addresses infrastructure gaps amid surging EV use. E-bus depot construction is also imminent, with work orders approved.
Shimla-Mator 4-lane highway construction reviewed in Bilaspur

Shimla-Mator 4-lane highway construction reviewed in Bilaspur

Deputy Commissioner Rahul Kumar reviewed the Shimla-Mator 4-lane highway construction in Bilaspur. The ~Rs 5,000 crore project, reducing distance by 35 km, faced issues near AIIMS. Gawar company was instructed to expedite work for safe passage.
Bullet trains: Lessons from Jakarta to Mumbai on debt and development

Bullet trains: Lessons from Jakarta to Mumbai on debt and development

India's Mumbai-Ahmedabad bullet train (Japan-funded, 0.1% loan) and Indonesia's Jakarta-Bandung project (China-funded, $253M loss) both struggle with high costs, optimistic ridership, and financial viability, despite attractive financing.
Govt may shift 40 GW green capacity to FDRE

Govt may shift 40 GW green capacity to FDRE

Govt may shift 40 GW of uncontracted green capacity to Firm and Dispatchable Renewable Energy (FDRE) projects, combining wind, solar, and battery storage. This addresses 45.34 GW awaiting PPAs, ensuring 24x7 power.
NLC India: Reinvention via clean energy, mining, storage push

NLC India: Reinvention via clean energy, mining, storage push

NLC India commits `1.17 lakh crore` for a major energy shift, targeting 10GW thermal and 10GW renewable capacity by 2030. `41,000 crore` is for green energy, `50,000 crore` for thermal, and `14,000 crore` for mining expansion.
Nymwag opens freight wagon building plant in India

Nymwag opens freight wagon building plant in India

Czech Nymwag opened a freight wagon plant in Kolkata, a JV with Texmaco Rail. It targets 2,500 cars annually, becoming India's first foreign wagon builder in a market needing 540,000 wagons by 2031.

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