Stay order lifted for privatization of electricity distribution in Gujarat
Supreme Court of India has lifted the stay order of Bombay High Court from tendering process of privatization of electricity distribution lines in Dadra Nagar Haveli, Daman, and Diu. All three are union territories located in Gujarat state. The transaction involves tendering a 51% stake in a distribution company (DISCOM) responsible for power transmission.
Earlier Torrent Power emerged as the highest bidder for the stake with a bid of INR5.50 billion (US$74.26 million). Torrent power will be responsible to distribute nearly 25 BU of power to over 3.8 million customers and cater to a peak demand of over 5,000 MW.
Country updates
-
-
June 11, 2021
Gammon Infrastructure to sale stake in Vizag Seaport
Gammon Infrastructure Projects has announced that it has approved the transaction to sell or transfer up to 35% of the total paid-up capital of Vizag Seaport Private Limited (VSPL) at price not less t...
Read more -
June 03, 2021
Nine bidders shortlisted for CSMT railway station in Mumbai
The Indian Railways Station Development Corporation (IRSDC) has shortlisted nine bidders for a redevelopment project in Mumbai, knowns as Chhatrapati Shivaji Maharaj Terminus Railway Station (CSM...
Read more -
June 01, 2021
Tender floated for 4 Laning of Kaithal Rajasthan Border Section of Nh 152/65
National Highway Authority of India (NHAI) has floated a tender for 4 Laning of Kaithal Rajasthan Border Section of Nh 152/65 from Km 33.250 (Design Km 0.500) to Km 241.580 (Design Km 165.759) in the...
Read more -
May 19, 2021
Progress in the planning stage of Ariel Ropeway PPP project
The Central Government of India has approved a transfer of 1,500 square meters of land belonging to Indo-Tibetan Border Police (ITBP) at Mussoorie to the State government of Uttarakhand for the develo...
Read more -
May 14, 2021
Technical advisor for Bangalore metro Phase 2A & 2B PPP project
Bangalore Metro Rail Corporation (BMRCL) is looking for a technical consultant to join the Bangalore metro Phase 2A & 2B PPP project in India. The Request of Proposal is for detailed design c...
Read more
