Canada Pension Plan Investment Board (CPP Investments) has announced an equity investment of INR3,575 million (US$43 million) in National Highways Infra Trust (NHAI InvIT), an infrastructure investment trust (InvIT) sponsored by the National Highways Authority of India (NHAI).
The proceeds, done through an institutional placement undertaken by NHAI InvIT, enable the acquisition of three existing NHAI toll roads, which will increase the size of the NHAI InvIT portfolio from five to eight toll roads. The NHAI InvIT portfolio represents 636 km in Indian states such as Gujarat, Karnataka, Madhya Pradesh, Maharashtra, Rajasthan, Uttar Pradesh and Telangana.
Following the investment in NHAI InvIT, CPP Investments will continue to own 25% of the units in NHAI InvIT. This was preceded by an initial investment of CA$257 million (US$186 million) in the NHAI InvIT’s IPO in November 2021.
The Coal India Limited (CIL) has signed a INR54 billion (US$652.54 million) Memorandum of Understanding (MoU) with Rajasthan Vidyut Utpadan Nigam limited (RVUNL) for the development of a 1190 MW...
Read moreThe NLC India Limited has issued a tender seeking bidders for the development of a Grid connected Solar Power Project at Barsingsar, Rajasthan, India. The scope of the project involves the ...
Read moreThe Japan International Cooperation Agency (JICA) has signed a Record of Discussions with the Government of the Republic of India in Delhi for the Project for Station Area Development (SAD) along...
Read moreThe Gujarat Metro Rail Corporation Limited (GMRCL) has awarded Dilip Buildcon a INR7.23 billion (US$87.72 million) civil contract for Phase 2 of Ahmedabad Metro Rail Project, Gujarat, India. &nb...
Read moreThe Cabinet Committee on Economic Affairs chaired by Hon’ble Prime Minister Shri Narendra Modi has approved the development of a Container Terminal at Tuna-Tekra, Deendayal Port, India for handl...
Read more