Union Civil Aviation Minister Hardeep S Puri on Friday hit back at the Kerala government for objecting to the Centre’s decision to privatise Thiruvananthapuram airport. He said Kerala’s bid was 20 per cent lower than...
BlackRock consortium sole bidder for section of Mexico’s Mayan Train
A consortium that includes U.S. investment group BlackRock Inc was the sole bidder for a section of one of the Mexican president’s flagship infrastructure projects, the so-called “Mayan Train,” the tourism authority...
Jaypee Case: SC orders transfer of pending appeals in NCLAT to itself
The Supreme court on Thursday ordered for the transfer of all the appeals related to debt-ridden Jaypee Infratech pending before National Company Law Appellate Tribunal (NCLAT) to itself. The order passed by apex court...
GMR Infra to divest large part of non-core assets; betting big on land monetisation
GMR Infrastructure is working on disinvestment of non-core assets including land and hopes to yield “significant value” even from 50 per cent of land monetization, according to a document. The airport-to...
GMR closes stake sale deal in airport biz to France’s ADP
GMR Infrastructure Ltd, the company that operates Delhi and Hyderabad airports, today said that it has successfully completed its deal to sell 49% stake in its airports’ business to France’s Groupe ADP. The contours of...
Aleatica to buy majority stake in Italian road operator from Intesa
International infrastructure operator Aleatica said it agreed to buy a controlling stake in Italian toll road operator Brebemi from Italy’s biggest retail bank, Intesa Sanpaolo. Under the deal Aleatica, which is wholly...
Aleatica to buy majority stake in Italian road operator from Intesa
International infrastructure operator Aleatica said on Friday it has agreed to buy a controlling stake in Italian toll road operator Brebemi from Italy’s biggest retail bank, Intesa Sanpaolo. Under the deal Aleatica...
IndiGrid InvIT to buy Jhajjar KT Transco for ₹310 crore
IndiGrid, a listed infrastructure investment trust (InvIT) for power transmission lines, on Friday, said it has executed share purchase agreement for the buyout of power transmission line operator Jhajjar KT Transco Pvt...
European EPC major A&M Group enters India in JV with Oberoi Group
Leading European infra player A&M Development Group has inked a joint venture with the Delhi-based engineering and construction player Oberoi Group to enter the country. The joint venture Oberoi-A&M Infra...
Deal to sell 49% in GMR Airports on track, says GMR Group
The GMR group today said that funding plan in its subsidiary – GMR Airports Ltd (GAL) – is on track despite the uncertain economic conditions, as its French partner has raised money through bonds to honour the payment...
IndInfravit completes acquisition of Sadbhav’s road assets for ₹6,300 crore
IndInfravit Trust, an infrastructure investment trust (InvIT) sponsored by the L&T Group, on Thursday, said it has completed the acquisition of nine operational road assets from Sadbhav Infrastructure Project Ltd...
Mexico’s Slim gets $2 billion offer for IDEAL stake from Canada funds
Mexican infrastructure group IDEAL said on Tuesday the Canada Pension Plan Investment Board and an affiliate of Ontario Teachers’ Pension Plan have offered to acquire 40% of the company’s shares for $50.4 billion pesos...
