Even as RIL-BP JV withdrew from bidding at the last moment, the ninth and biggest round of auction for city gas distribution (CGD) licenses in 86 cities saw over 400 bids with potential investment of Rs 70,000 crore.
The Gujarat government has set up a panel to suggest within two months a rescue plan for three large generation projects belonging to the Tata, Adani and Essar groups in the state, with combined PPA (power purchase agreements) for over 8,000 MW and outstanding debts in excess of Rs 22,000 crore.
Adani owned UPCL, which is operating 2 units of 600 MW thermal power plant at Yellur village, signed and executed a concession agreement with New Mangalore Port Trust (NMPT) for additional land of 4.99 Hectares of NMPT for the purpose of UPCL’s project expansion.
The Gautam Adani-led Adani Group said on Sunday it plans to raise Rs 5,000-6,000 crore of equity through a combination of primary issuances and secondary monetisation of its stake in some of its subsidiaries.
The opening up of private investment in general-purpose wagons (GPWS) by the railways has invoked interest from at least eight big companies. These are from cement, steel, iron ore and aluminium sectors.
Adani Group today announced foray into transport infrastructure with a Rs 1,140-crore highway project won by a consortium led by its holding firm in Chhattisgarh from the National Highways Authority of India (NHAI).
A fresh crisis seems to be brewing for coal-fired power stations in the country as a sharp increase in the price of the dry fuel in prime import market of Indonesia is fast making projects run on overseas coal redundant.