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India’s Adani outbids AMP, NIIF to win second bundle of airports

The infrastructure conglomerate emerged as the winner of a 50-year concession for six airports located in state capitals and densely-populated areas in the country.

NIIF, Eversource acquire stake in UK-backed Indian renewables platform

Both companies and UK development finance institution CDC will jointly invest $330 million in Ayana Renewable Power.

India shelves second bundle of toll roads due to lacklustre response

The government believes worsening borrowing conditions and lower traffic on the roads offered failed to attract investor interest.

Police raids IL&FS’ offices as money misuse investigation kicks off

Delhi’s financial investigation agency has raided six offices, to look into allegations of “money siphoning”.

Cube Highways snaps up three greenfield assets under new development model

The government will assume 40% of the construction costs, while I Squared's Indian roads platform and Indian developer KNRC will assume the remaining 60%.

Second bundle of Indian roads fails to fetch minimum price

The country’s highways authority will have to choose between accepting a bid that’s lower than its base price of $766m or restructure and re-tender the bundle of eight toll roads.

GIP, I Squared, among heavyweights in pre-bid talks for six Indian airports

Investors are unhappy about the short time given to prepare the bids, which are due 14 February.

IL&FS: India’s ‘Lehman’ moment?

When one of the country’s biggest groups ran into financial trouble, the country braced itself for a market-wide crisis. Two months later, market observers describe the episode as a new step towards a more professional infrastructure sector. Eduard Fernández reports.

IL&FS puts Indian roads portfolio on the block

Two weeks after putting its renewables portfolio up for sale, the developer is looking to divest its roads business, as it works towards a restructuring plan.

India to privatise six major airports by March

The hubs are in major cities and have seen double-digit growth in the past five years.

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