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Power Grid Corporation Gets Approval for Investment Proposals Worth Rs. 562.25 Cr.

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This approval was for system strengthening in Southern Region – XXI. September 18, 2016 After the meeting on September 16, 2016, Power Grid’s board of directors finally approved the power transmission investment proposals worth Rs 562.25 Crore. This approval was for system strengthening in Southern Region – XXI, with commissioning......
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A National Policy Framework Sought for Optical Fibre Rollout

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Right of way permissions are cited as the biggest hurdle in speedy roll out of OFC November 28, 2015 Citing limited spectrum for cellular services, telecom players said the government should come out with an industry-friendly policy to facilitate the rollout of optical fibre across the country. “Optical fibre cable......
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L&T Acquires Orders worth Rs. 1,038 Cr for power transmission & distribution projects

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The business has also bagged an order from the Odisha Power Transmission Corporation November 26, 2015 Larsen & Toubro has bagged orders worth Rs 1,038 crore from power transmission and distribution sector in the month of November, the engineering major said Thursday. These orders include jobs worth SAR 405.75 Million......
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Reliance Communications to Sell Assets Worth Rs 30,000 crore to TPG and Tillman Global

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RCom intends to utilize the proceeds of the proposed transaction to reduce its debt December 4, 2015 Reliance Communications, part of Anil Ambani-led group, has signed a pact to sell its tower and optic fibre assets in India to private equity firms TPG and Tillman Global in a deal estimated......
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Bharti Airtel to Invest Rs.60,000 Cr in ‘Project Leap’

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Deploying more than 550,000 km of domestic and international optic-fibre network is part of the project December 1, 2015 Bharti Airtel on Monday said it will invest Rs.60,000 crore in three years to provide better quality network to its customers. “The programme, called Project Leap, will see a network transformation.......
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ADB to lend USD 1 Bn to Spruce up Power Transmission Infrastructure in India

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The project will also include new high-voltage direct current terminals in Chhattisgarh, Tamil Nadu and Kerala December 11, 2015 The Asian Development Bank (ADB) recently said it will lend USD 1 billion to transmission utility Power Grid Corp. of India to build and upgrade high-voltage transmission lines and sub-stations in......
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Reliance Infra to Sell 49 Percent stake in Mumbai Power Distribution Arm

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Canada based Public Sector Pension Investment Board (PSP Investments) will acquire the stake November 16, 2015 Reliance Infrastructure Ltd (R-Infra), the infrastructure arm of the Anil Ambani-led Reliance Group, is proposing to sell a 49 percent stake in its Mumbai power generation, transmission and distribution business to Public Sector Pension......
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BGR Energy Systems Secures Orders worth Rs 300 Cr

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BGR Energy System carries an order book of Rs 8,373.60 crore including the new orders November 24, 2015 EPC major BGR Energy has bagged new orders worth Rs 300 crore in the electricals sub-stations segment following its recent focus on power generation projects. “BGR Energy Systems Ltd through its electrical......
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TRAI Mulls Private Sector Participation for Broadband Rollout for BharatNet

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TRAI has sought consultation on a best possible model to complete the project in time November 19, 2015 Telecom Regulatory Authority of India (TRAI) has sought comments from stakeholders on the best model implementation of the national optical fibre network (NOFN), rechristened later as ‘BharatNet’- which aims to connect all......
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Power Equipment Makers Hope UDAY to Boost Order Flow

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UDAY focuses on measures to make SEBs efficient by reducing the aggregate technical and commercial losses December 4, 2015 Equipment manufacturers such as ABB, Siemens, Alstom T&D, and KEC International expect their order flows to get a boost with the implementation of the Centre’s ambitious Ujwal Discom Assurance Yojana (UDAY).......
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