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With the construction of six mega ports set to significantly boost cargo handling capacity and streamline trade, the stage is set for a paradigm shift in India’s maritime landscape
The National Highways Authority of India (NHAI), on Thursday, said it raised the highest ever monetization value of Rs 15,624.9 crore through InvIT mode and the value is expected to be realised in March 2024. This is spread across Assam, Karnataka, Madhya Pradesh, Uttar Pradesh and West Bengal. The monetized value is expected to be realized in March 2024, the ministry of road transport and highways said on Tuesday.
The National Highways Authority of India (NHAI), on Thursday, said it raised the highest ever monetization value of INR 15,624.9 crore through InvIT mode and the value is expected to be realised in March 2024. This is spread across Assam, Karnataka, Madhya Pradesh, Uttar Pradesh and West Bengal. The monetized value is expected to be realized in March 2024, the ministry of road transport and highways said on Tuesday.
Inox Wind, a wind energy company, aims to become net debt-free in the next 12 to 15 months, according to Devansh Jain, the company's Wholetime Director. The company recently announced the sale of a 50 MW operational SPV, which will contribute to reducing its debt. Jain also mentioned that the sector is experiencing a strong comeback, and Inox Wind has received important technical certifications, allowing it to secure orders in the near future.
IL&FS Group, which went bankrupt five years ago, has resolved Rs 35,650 crore of its debt through asset monetization and settlements with banks. This means the company has completed over half of the Rs 61,000 crore debt it aimed to resolve. The group has also made interim distributions of around Rs 10,000 crore to lenders across its entities.