Larsen & Toubro (L&T) has secured significant EPC contracts from the Rajasthan government's Public Health Engineering Department, valued between INR 1,000-2,500 crore. The key project-Phase II, Package-1 of the Rajasthan Rural Water Supply & Fluorosis Mitigation Project-covers 5,251 km of pipelines, 38 ground-level reservoirs (40 ML), 20 pump houses, and 132 overhead reservoirs (25 ML), benefiting 285 villages and towns in Jhunjhunu district. Additionally, L&T will rehabilitate the water network in the Kekri-Sarwar sector, Ajmer, with 43 km of new pipelines. These projects aim to improve drinking water access and tackle fluorosis issues. L&T, a USD 30-billion infrastructure major, continues to lead critical infrastructure development in India. The new contracts further bolster its EPC portfolio while supporting India's rural water and infrastructure mission.Read more

Waaree Renewable Technologies Ltd (WRTL) has secured a solar EPC contract worth over INR 345 crore in Rajasthan. The project, awarded by a major domestic renewable energy firm, involves building a 300 MW AC / 435 MW DC ground-mounted solar photovoltaic plant in Bikaner-a key solar energy hub. The scope includes engineering, procurement, construction, commissioning, and a 33/220 kV pooling substation for grid synchronisation. The project will feature robotic cleaning systems to optimise performance and reduce O&M costs. Scheduled for completion in FY 2025-26, it will contribute to India's renewable energy targets. Executive Director Sunil Rathi highlighted the partnership's alignment with WRTL's vision for sustainable growth. Part of the Waaree Group, WRTL continues to expand its solar EPC footprint across India, leveraging advanced technology to drive the nation's clean energy transition.Read more

Adani Energy Solutions Ltd (AESL) recently announced its success in acquiring a major inter-state transmission project in Maharashtra, valued at INR 1,600 crore. The addition has pushed its transmission order book to INR 61,600 crore. The project will involve setting up 3,000 MVA of substation capacity, along with supporting infrastructure, further strengthening AESL's national transmission footprint. The project was awarded through the Tariff Based Competitive Bidding (TBCB) route, with REC Power Development and Consultancy Ltd (RECPDCL) acting as the bid process coordinator. AESL is expected to complete the project by early 2028.Read more

Prime Minister Shri Narendra Modi inaugurated the first unit of the Ghatampur Thermal Power Project in Uttar Pradesh earlier this week. With an overall investment of INR 21,780.94 crore, this significant infrastructure initiative comprises three supercritical thermal units of 660 MW each, totalling an installed capacity of 1,980 MW. The project is spearheaded by Neyveli Uttar Pradesh Power Ltd (NUPPL), a joint venture between NLC India Ltd and Uttar Pradesh Rajya Vidyut Utpadan Nigam Ltd. The remaining two units are anticipated to become operational within the current financial year, bolstering the region's energy reliability.Read more

Construction of Jaipur Metro Phase 2 is expected to begin soon, enhancing the city's urban transport network. The 42.80 km corridor will stretch from Todi Mode to Prahladpura, connecting key residential, commercial, and industrial hubs, including VKI and Sitapura industrial areas. The Rajasthan Metro Rail Corporation (RMRC) has submitted the Detailed Project Report (DPR) to the Union Ministry of Housing and Urban Affairs; approvals and tendering are awaited, with construction likely to start before Diwali. The INR 12,260 crore project will feature 36 stations, including two underground, and will be financed through government funding and institutional loans. Designed to alleviate Jaipur's traffic congestion, Phase 2 will be implemented in stages to minimise disruptions. With completion targeted in five years, the metro's expansion will improve mobility, reduce commute times, and support Jaipur's growing urban infrastructure needs.Read more

Mahatma Phule Renewable Energy and Infrastructure Technology Ltd (MAHAPREIT) and NLC India Renewables Limited (NIRL), a wholly-owned subsidiary of NLC India Ltd, inked a Joint Venture Agreement (JVA) in Mumbai earlier this week. This strategic alliance aims to spearhead renewable energy development across Maharashtra, beginning with 500 MW and scaling up to 5000 MW. The new joint venture company (JVC) will focus on solar, wind, hybrid, floating solar, battery energy storage systems (BESS), pumped storage, and solar parks. NIRL will hold a 74% stake in the JVC, while MAHAPREIT will hold the remaining 26%.Read more

Adani Ports and Special Economic Zone Ltd (APSEZ) has raised INR 5,000 crore through its largest-ever domestic bond issue, a 15-year Non-Convertible Debenture (NCD) fully subscribed by LIC at a 7.75% coupon rate. The AAA-rated NCDs will be listed on the BSE. The funds will support a planned buyback of APSEZ's USD bonds and extend average debt maturity from 4.8 to 6.2 years. CEO Ashwani Gupta highlighted this as part of a broader capital management strategy to maintain conservative leverage, diversify funding, and back APSEZ's goal of handling 1 billion tonnes of cargo by FY30. In FY25, APSEZ posted INR 20,471 crore EBITDA, reducing its net debt-to-EBITDA ratio to 1.8x. Key projects include Kerala's Vizhinjam port and a Colombo terminal. The successful issuance underscores APSEZ's financial strength and long-term growth ambitions in global transport and logistics.Read more

State-run NHPC is preparing to initiate the commissioning of three out of eight generating units of its flagship Subansiri Lower Hydroelectric Project, each with a capacity of 250 MW, starting next month. This move is subject to receiving approval from the National Dam Safety Authority (NDSA). The remaining five units are planned for phased commissioning by mid-2026. Located on the Subansiri River along the Arunachal Pradesh-Assam border, the 2,000 MW mega project is expected to produce over 7,421 million units annually in a 90 per cent dependable year. Once operational, the project will mark a major milestone in India's renewable energy expansion.Read more

Demand for data centres in Asia Pacific is soaring, driven by rapid AI adoption and growing reliance on cloud services, according to CBRE. Despite projections that data centre capacity will double in three years, the region may face a shortfall of 15-25 gigawatts by 2028 due to limited power infrastructure and a lack of AI-ready facilities. AI-focused data centres require over twice the power density of traditional centres, along with advanced cooling and low-latency networks. Investment remains strong-direct volumes reached USD 4.7 billion in 2024-with developers pursuing asset repurposing and new land acquisitions. Markets like Japan, Australia, Korea, and Singapore are key demand hubs. Investors are advised to focus on advanced, scalable assets through acquisitions and partnerships to capitalise on this growth. Innovation in data centre design will be critical as the region strives to meet rising AI and cloud computing needs.Read more

Delhi's Indira Gandhi International Airport (IGIA) has been ranked among the top 10 hub airports in the Asia-Pacific and Middle East regions in ACI's Air Connectivity Ranking 2024. IGIA secured the 10th spot, with Dubai International Airport topping the list, followed by airports in Shanghai, Doha, Seoul, Guangzhou, Beijing, Bangkok, Singapore, and Kuala Lumpur. The report noted a 14% year-on-year rise in air connectivity, driven by increased international travel and strong airline network recovery. IGIA, operated by Delhi International Airport Ltd (DIAL), now connects to 153 destinations-81 domestic and 72 international. The Hub Connectivity Index evaluates transfer efficiency and onward connectivity. The airport's growing network supports the Indian government's goal to position IGIA as a key global transit hub. This ranking highlights Delhi's expanding role in international aviation and its rising prominence in the global connectivity landscape.Read more