10 Feb 2023 NaBFID to lend Rs 15,000 crore to infra projects this quarter The National Bank for Financing Infrastructure and Development the newest development finance institution (DFI) to start lending last month, expects to advance Rs 15,000 crore to infrastructure projects this quarter.
20 Feb 2023 ADB approved $1.2 bn loan for infrastructure projects The Indian government and the Asian Development Bank (ADB) signed loan agreements totalling $1.22 billion for developing infrastructure in various Indian states. The agreements would cover projects for improving the power sector and highways in the north-eastern states.
20 Feb 2023 FM may propose to upgrade, build MSME industrial areas The Union budget is likely to propose an industrial area development scheme focused on micro, small and medium enterprises with funds to not only expand and upgrade existing industrial areas with common infrastructure but also develop new industrial areas.
20 Feb 2023 PVR plans to expand to reach 1,000 screen mark Multiplex chain PVR aims to operate 1,000 screens by the end of FY24 through an addition of 100 screens in the next 15 months. This will involve an investment of around Rs 300 crore. The company achieved the milestone of 900 screens with the opening of three new multiplexes in Jaipur, Bengaluru and Gurugram, adding 19 screens this month
21 Feb 2023 Rs 6,200 crore investment in the petroleum sector in Rajasthan Fresh or new investments of Rs 6,200 crore have been made by companies in the petroleum sector in Rajasthan. In all, investments of over Rs 22,838 crore are being made by four companies in a phased manner. Of this, work on over Rs 6,200 crore has started.
21 Feb 2023 Government to build green hydrogen manufacturing plants by May India will by May invite bids for subsidies for setting up green-hydrogen manufacturing and utilisation hubs, fertiliser and steel plants based on the fuel, and factories for making electrolysers. The bidding process is part of a first phase of a $2 billion incentive plan to boost use of green hydrogen to cut emissions and make India a major exporter in the field.
21 Feb 2023 Foundation stones laid for ship repair facility Prime Minister Narendra Modi laid the foundation stones of a ship repair facility at Pandu in Guwahati and the connecting road to Pandu Port, according to an official statement. The statement further said major initiatives worth more than Rs 1,016 crore planned for revamp of inland waterways in Assam till 2024-25.
21 Feb 2023 17 NCR stations set to get airport-like makeover In coming years, as many as 17 railway stations of the North Central Railway (NCR) would not just resemble airports but also offer airport-like facilities to passengers. For this, the blueprint for redevelopment of the three major stations of the NCR, Prayagraj Junction, Kanpur Central and Gwalior station, is ready.
21 Feb 2023 Railways readies Rs 18,000-crore plan for Vande Bharat trains The Indian Railways has drawn up a plan of about Rs 18,000 crore to scale up its locomotive maintenance facilities for Vande Bharat trains, eyeing an increase in deployment of these semi-high-speed trains to more parts of the country.