INFRASTRUCTURE
Adani's cement business contributes 30 per cent of India's homes & infra: Ambuja CEO
Ambuja Cements, an Adani Group firm, aims to reach 140 MTPA capacity by FY28 through brownfield expansions, contributing significantly to India's infrastructure. The company achieved 100 MTPA in FY25 via acquisitions and targets further growth through strategic projects and cost optimization, including reduced logistics expenses and increased green energy usage.
Reliance Infrastructure takes flight with Rs 5,000 cr bet on aircraft upgrade business
Reliance Infrastructure is significantly expanding its defence sector presence, targeting a ₹5,000 crore aircraft upgrade market over the next 7-10 years. Having successfully upgraded 55 Dornier-228 aircraft, the company aims to become a key private player in India's defence aviation, aligning with 'Atmanirbhar Bharat' and partnering with global firms like Thales for projects such as Rafale fighter jet logistics.
5 apply for DCRA empanelment as TRAI preps for digital connectivity rating system for buildings, properties
TRAI is set to launch a digital connectivity rating system for properties, similar to green building ratings. Five entities have applied to become rating agencies, with the first empanelments expected soon. The 'star rating' system will evaluate buildings on factors like fiber readiness and mobile network availability, aiming to improve connectivity and inform buyers and tenants.
Sweden probes massive sabotage after 30 telecom masts attacked in what officials call a coordinated strike
Sweden is grappling with a series of coordinated sabotage attacks targeting telecom masts along the E22 highway. Authorities are investigating around 30 incidents involving severed cables and damaged equipment. While services remain largely unaffected, the scale and precision of the attacks have raised concerns.
Chenab bridge: How project team navigated through steep slopes on horses, mules
The Chenab Bridge, Anji Rail Bridge and Udhampur-Srinagar-Baramulla Rail Link project were inaugurated by Prime Minister Narendra Modi. He also flagged off Vande Bharat trains connecting Katra to Srinagar. The Chenab bridge is the world's highest railway bridge. Construction involved overcoming challenges like difficult terrain. Horses and mules were initially used for transport.
North Korea internet hit by a major outage, analyst says
North Korea is grappling with a significant internet outage, impacting key websites like its main news outlets and the Foreign Ministry. A UK-based researcher suggests the disruption, affecting all internet routes, appears to be internal rather than a cyberattack. The country's entire internet infrastructure is currently undetectable by monitoring systems, raising questions about the cause.
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Canada tables 'One Canadian Economy' Bill to boost domestic trade and infrastructure
Prime Minister Mark Carney's government introduced Bill C-5, the "One Canadian Economy" bill, aiming to dismantle interprovincial trade barriers and expedite infrastructure project approvals. This initiative seeks to unify Canada's internal market, addressing trade tensions with the U.S. The bill targets federal obstacles to trade and labor mobility, potentially boosting the Canadian economy by $200 billion annually.
India is a key strategic partner for Kazakhstan; DPM calls for increasing Indian FDI
Kazakhstan aims to triple bilateral trade with India, focusing on energy, digital cooperation, and infrastructure investment. Deputy Prime Minister Nurtleu highlighted a 41% increase in Indian investments, exceeding $525 million, and invited participation in key transport corridors. Kazakhstan is ready to supply strategic resources and boost tourism, offering a favorable investment climate and visa-free entry.
Chenab bridge: How project team navigated through steep slopes on horses, mules
The Chenab bridge construction team overcame Himalayan challenges to connect Kashmir to Kanyakumari by rail. Horses and mules were initially used for transport. Roads were later built. Prime Minister Narendra Modi inaugurated the Chenab Bridge, Anji Rail Bridge, and the USBRL project. He also flagged off Vande Bharat trains. The Chenab Railway Bridge symbolizes India's resolve.
KP Group, Delta Electronics India ink 3 strategic initial pacts
KP Group and Delta Electronics India have forged three strategic agreements to advance clean energy solutions. The collaboration focuses on Battery Energy Storage Systems (BESS), green hydrogen infrastructure, and solar PV inverters. KP Group will handle project development and site integration, while Delta will provide technology and support, aiming to accelerate renewable energy deployment in India and overseas.
Extreme weather is stress-testing India’s billion-dollar infrastructure drive
Early monsoons in India caused damage to newly built infra. Mumbai's metro line faced flooding, disrupting services. A highway section in Kerala collapsed, injuring several people. Landslides in northeast India stranded tourists. These events raise concerns about the durability of India's infrastructure projects. Experts highlight the need for better planning and climate resilience.
India could add $500 billion to GDP by 2035 through strategic AI adoption: Acuité’s Sankar Chakraborti
Sankar Chakraborti emphasizes AI's role in innovation and job creation, highlighting infrastructure gaps and brain drain as obstacles. He advocates for extending AI to rural areas with affordable internet and localized solutions.
India commits $20 bn for maritime infrastructure development, says Sarbananda Sonowal
India has pledged USD 20 billion towards infrastructure development, prioritizing multimodal logistics, port connectivity, and trade facilitation, according to Union Minister Sarbananda Sonowal. He emphasized India's growing maritime capabilities and called for greater partnerships in seafarer recruitment. Strategic corridors like IMEEC, EMC, and INSTC are strengthening maritime connectivity and supply chains.
Cities have failing infra and poor crowd management SOPs say urban planners
A tragic stampede at Bengaluru's M Chinnaswamy Stadium, following an RCB celebration, resulted in 11 fatalities, exposing critical flaws in the city's urban planning and crowd control measures. Experts criticize the lack of robust SOPs and active master plans in Indian cities for managing large gatherings.
Adani Airports raises $750 million via ECB
Adani Airports Holdings has secured $750 million in external commercial borrowings at approximately 7.5% interest to refinance debt and enhance infrastructure at six airports. The funds will also support the expansion of non-aeronautical businesses. AAHL aims to triple its passenger capacity to 300 million by 2040, with the Navi Mumbai International Airport soon commencing operations.
KEC International bags orders worth Rs 2,211 cr
RPG Group's KEC International has received orders worth Rupees 2,211 crore. The Transmission & Distribution business secured orders in the Middle East and Americas. The Oil & Gas Pipelines business got its second international order for terminal station works in Africa. The Cables business has also secured orders for cable supply in India and overseas.
Anil Ambani's Reliance Infra says NCLAT suspends NCLT order admitting co into insolvency; shares edge up over 10%
The National Company Law Appellate Tribunal (NCLAT) has suspended the National Company Law Tribunal’s (NCLT) order from May 30, 2025, which had initiated the Corporate Insolvency Resolution Process (CIRP) for Reliance Infrastructure. Following this suspension, shares of the Anil Ambani-owned company surged, trading at Rs 378.35 apiece on the BSE, marking a 10.64 per cent increase.
Ex-Tesla executive signs letter of intent with Stargate’s Crusoe
In a bid to tackle the pressing challenges of AI infrastructure, Drew Baglino, a former Tesla executive, has launched Heron Power. This startup has secured partnerships with companies like Stargate developer Crusoe, introducing groundbreaking technology that replaces conventional transformers.
India can engage in dialogue with Pakistan if it takes significant action against terror infrastructure: Shashi Tharoor
Congress MP Shashi Tharoor asserted that dialogue with Pakistan hinges on dismantling its visible terror infrastructure, not language. Leading a delegation to Brazil, he successfully conveyed India's anti-terrorism message to Latin American nations, addressing prior misunderstandings. Tharoor highlighted Pakistan's harboring of terrorists and emphasized India's desire for peace, dismissing any attempts to destabilize the nation.
TVS Motor partners with Kadam Mobility to deploy 500 electric three-wheelers across India
TVS Motor Company has partnered with Kadam Mobility to deploy 500 electric three-wheelers by fiscal year 2026, focusing on metro and Tier 1 cities. Kadam Mobility will integrate TVS King EV MAX vehicles, known for their 179 km range and fast-charging, into its EV ecosystem.
India a top growth market but still underowned globally: Matt Orton
Matt Orton from Raymond James Investment visited India for an investor conference. He finds Indian infrastructure development exciting. Orton is looking deeper into L&T due to its clean balance sheet and exposure to Indian and GCC infrastructure. He notes India is underpenetrated from an investment perspective. Orton sees long-term growth opportunities in India, especially compared to Europe.
Bankruptcy court admits insolvency resolution plea against Reliance Infrastructure
The NCLT's Mumbai bench has initiated insolvency proceedings against Reliance Infrastructure following a petition by IDBI Trusteeship Services over unpaid dues exceeding Rs 88 crore. Tehseen Fatima Khatri has been appointed as the interim resolution professional. Reliance Infrastructure claims full payment has been made and intends to appeal the order, deeming it infructuous.
Reliance Infra says made full payment of Rs 92.68 cr, NCLT order infructuous
Reliance Infrastructure has cleared its dues of Rs 92.68 crore to Dhursar Solar Power. This payment addresses claims related to tariff agreements. Consequently, the company aims to withdraw the insolvency order issued by NCLT Mumbai. Reliance Infra plans to appeal before the NCLAT. The initial insolvency plea was filed by IDBI Trusteeship Services concerning payment defaults.
Shree Cement partners with RITES to boost rail infrastructure
Shree Cement and RITES Ltd have signed a five-year agreement. The collaboration focuses on improving Shree Cement's rail network. RITES will offer complete solutions for upgrading and establishing rail connectivity. This partnership aims for efficient and sustainable transport of materials. The goal is to support Shree Cement's expansion and reduce environmental impact.
In infrastructure, power, defence and railway PSUs expected to thrive: Ajay Bagga
Government and household spending are currently fueling infrastructure growth, while private capital expenditure remains sluggish due to low capacity utilization and policy uncertainty. Infrastructure providers linked to government projects in power, defence, and railways are expected to thrive. The focus should be on import substitution to boost domestic production, as large-scale private investment is still pending.
Reliance Infra targets Rs 3,000 cr defence exports in 2 yrs
Reliance Infrastructure aims to generate ₹3,000 crore from exporting 155 mm ammunition by FY27, targeting ₹1,500 crore this year. Having already exported ₹100 crore worth of artillery ammunition, the company aspires to be a top-three defence exporter in India, focusing on the European Union market.
Build satellite towns instead of giving extra FSI to get out of infrastructure 'chakravyuha': Gadgil
Anant Gadgil suggests halting additional FSI in Mumbai and Pune due to infrastructure saturation and increased flooding. He proposes developing satellite townships with incentives for companies to relocate, ensuring employee residency to ease traffic. Gadgil also highlights the replacement of soil with concrete, exacerbating flooding, and advocates for regulations on building renovations to prevent structural issues.
China plans $70 bn capex to fast-track infrastructure projects
China is set to inject ¥500 billion into infrastructure projects. This move aims to boost the economy amidst US tariffs. The funds will be managed by policy banks. They will acquire stakes in various projects. Hong Kong establishes a global mediation body. This initiative seeks to enhance its reputation. It follows concerns about the city's legal system.
IRB board gives nod to asset transfer worth Rs 8,450 crore
IRB Infrastructure and Developers board has approved the transfer of three road assets from IRB Infrastructure Trust to IRB InvIT Fund. These BOT assets, including IRB Hapur Moradabad Tollway, Kaithal Tollway, and Kishangarh Gulabpura Tollway, are valued at Rs 8,450 crore.
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