27 Feb 2026

The Government of India has launched an offer for sale to divest up to 4% stake in Indian Railway Finance Corporation (IRFC) at a floor price of INR 104 per share. The base issue comprises 2% equity, with another 2% under a green shoe option. The total divestment could fetch around INR 5,430 crore. Non-retail investors were allowed to bid first, followed by retail investors. The announcement led to a decline in the stock price, even as IRFC recently reported its highest quarterly profit with steady loan growth.Read more

27 Feb 2026

NTPC and MAHAGENCO have completed the acquisition of Sinnar Thermal Power, which was undergoing insolvency proceedings. The plant, located in Sinnar, Nashik, has a total capacity of 1,350 MW. While the transaction value remains undisclosed, the completion adds significantly to NTPC's capacity, bringing its total installed capacity to 88,132 MW and commercial capacity to 87,052 MW. The move aligns with NTPC's growth strategy in Maharashtra and strengthens its coal-based generation portfolio, ensuring better support for power supply across the state and the country.Read more

27 Feb 2026

Avadh Steel, alongside associated promoters, has proposed an investment of approximately INR 6,000 crore to establish a modern integrated steel plant in Bihar, signalling a major industrial infusion into the state's manufacturing landscape. The proposal was discussed during a meeting between company representatives, including Managing Director Deepak Agarwal, and the Bihar Industries Minister, emphasising the plant's potential to leverage advanced production technologies and contribute to employment generation. The proposed facility is expected to be located along the Gaya-Dobhi industrial corridor, a strategic growth axis that has seen cumulative industrial land acquisition and government efforts to promote sectoral investment. Officials have indicated the investment could accelerate local economic activity, support ancillary industries and boost Bihar's standing as a manufacturing destination, although detailed land allocation and clearances are still under consideration.Read more

Hyderabad News Desk

27 Feb 2026

The Telangana government has initiated a major infrastructure and financial restructuring exercise as it prepares to take over the 69-kilometre Phase-I of the Hyderabad Metro Rail from Larsen & Toubro (L&T) in a transaction valued at around INR 15,000 crore. The state Cabinet approved the acquisition in its 24 February meeting, with the takeover expected to be concluded by March 31. The deal includes absorbing approximately INR 13,000 crore of existing debt and paying around INR 2,000 crore for L&T equity stake in the concessionaire. Officials have appointed financial and technical advisers for due diligence and are planning a debt revamp that would leverage lower-interest financing, supported by anticipated farebox and commercial revenues. The move also opens the door for land monetisation of unevaluated metro-allotted land estimated at about 120 acres to bolster revenue and support future expansion of the city's rapid transit system.Read more

26 Feb 2026

The Telangana government has initiated the auction of around 48 acres of prime land in Osman Nagar and Tellapur, expecting to raise between INR 3,000 crore and INR 3,500 crore. The land parcels, located near the Outer Ring Road and Hyderabad's Financial District, have been priced at a minimum of INR 39 crore per acre. This is the first time government land in Osman Nagar is being auctioned in this format. Strong market benchmarks from recent sales in Kokapet and Raidurg are expected to support competitive bidding.Read more

26 Feb 2026

Jawaharlal Nehru Port Authority (JNPA) has revised the land acquisition cost for the Vadhvan port connectivity project in Maharashtra to about INR 2,300 crore, up from the earlier estimate of around INR 800 crore. The increase is due to higher guideline rates and recent land transactions in Palghar district. A total of 606 hectares across 24 villages is being acquired for road and rail links. Compensation is being paid at double the market value, along with statutory benefits under the land acquisition law.Read more

26 Feb 2026

The Jharkhand government has presented a budget of INR 1.58 lakh crore for the 2026-27 financial year in the state assembly. This marks an increase from the INR 1.45 lakh crore allocation in 2025-26 under the JMM-led government. Finance Minister Radhakrishna Kishore placed the budget before the House and said it has been designed to address the needs of key sections, including the poor, farmers, tribal communities and women. The higher outlay reflects a continued focus on welfare and development spending in the state.Read more

26 Feb 2026

Ascendas Firstspace has acquired 9 lakh sq ft of warehousing and industrial space at Bavla, Ahmedabad, from Crystal Group for approximately INR 275 crore, marking its entry into the Gujarat market. The transaction was facilitated by AARE Consulting and structured as a forward purchase, with development and asset transfer to take place in phases over the next 18 months in line with construction milestones. The acquisition strengthens Ascendas Firstspace's western India portfolio and aligns with its strategy of expanding across infrastructure-backed industrial corridors witnessing rising demand from manufacturing, e-commerce and third-party logistics occupiers. The asset is expected to add institutional-grade supply to a market that has seen growing occupier interest amid Gujarat's expanding industrial and logistics ecosystem.Read more

26 Feb 2026

The Union government has rolled out the National Monetisation Pipeline (NMP) 2.0 with a target to mobilise INR 10 lakh crore over five years. The revised pipeline estimates a total monetisation potential of INR 16.72 lakh crore between FY26 and FY30, including INR 5.8 lakh crore from private investment. Highways, power, ports and railways are expected to contribute the largest share. The programme builds on NMP 1.0, which achieved 89 per cent of its INR 6 lakh crore target. The initiative focuses on recycling public assets to fund fresh infrastructure development while limiting budgetary pressure.Read more

26 Feb 2026

Bharti Airtel plans to invest INR 20,000 crore over the coming years into its NBFC arm, Airtel Money Limited, aiming to build a large-scale digital lending platform and broaden formal credit access in India. The telecom company will contribute 70% of this investment, with Bharti Enterprises providing the rest. Airtel Money received its NBFC licence from the Reserve Bank of India earlier this month. The NBFC will integrate its operations with the existing lending service provider platform, which has disbursed over INR 9,000 crore in the past two years.Read more