Karnataka

BIAL invites RFP from design consultants for two metro stations at airport

BIAL invites RFP from design consultants for two metro stations at airport HIGHLIGHTS Bangalore International Airport Limited (BIAL) has invited a Request for Proposal (RFP) from Detailed Design Consultant (DDC) for developing two metro stations at Kempegowda International Airport (KIA or BIAL) as part of the 37-km Bangalore Metro Phase 2B project. Bengaluru: Bangalore International Airport Limited (BIAL) has invited ...

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Justice Arun Mishra’s Final ‘Gift’ of Rs 8,000 Crore to Adani

On August 31, a Supreme Court Bench headed by Justice Arun Mishra approved the decision by electricity regulators to grant Adani Power “compensatory tariffs” amounting to Rs 8,000 crore for electricity generated at its power plant in Rajasthan. The verdict, just before Justice Mishra’s retirement on September 2, is the seventh judgment since the beginning of 2019 in which benches ...

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HAL OFS subscribed 1.60 times on Day 1; government to use greenshoe option

The offer for sale (OFS) of Hindustan Aeronautics Ltd (HAL) was subscribed 1.60 times by non-retail investors on the first day of the issue on Thursday. Further, the government has decided to exercise the greenshoe option and retail investors will get chance to bid on Friday (August 28) with a discount of 5 percent on the cut off price. In ...

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HAL disinvestment: Govt to sell up to 15% stake via offer for sale

The floor price for the offer has been fixed at Rs 1,001 per equity share of the company. Image: HAL The government will sell up to 15 percent stake in Hindustan Aeronautics (HAL) via offer for sale (OFS). The floor price for the offer has been fixed at Rs 1,001 per equity share of the company. While the government proposes to ...

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Karnataka to Centre: Enhance subsidy for E-buses under FAME II

The Karnataka government has written to the Centre to cut back on the number of electric buses allowed under FAME-II (Faster Adoption and Manufacture of (Hybrid and) Electric Vehicles) scheme but retain the higher subsidy of ₹1 crore a bus provided under the FAME-I. The State government wanted this change based on its experience of FAME I bidding when the contract ...

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BBMP plans pre-bid meeting on July 24 to discuss Way Finders’ packages

Pursuant to the tender inviting notice floated by Bruhat Bengaluru Mahanagara Palike (BBMP) on July 8, 2020 (EE/TEC/TEND/03/2020-21) for inviting request for proposal (RFP) in two cover system (technical & financial bids) for providing and installation of Way Finders on ‘Design, Finance, Build, Operate and Transfer (DFBOT) Basis’ against commercial advertisement rights for a concession period of 20 years, the ...

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Karnataka’s Tumakuru Smart City Releases Tender for 1.2 MW of Rooftop Solar Projects

The last date for the submission of bids is August 18, 2020 Karnataka’s Tumakuru Smart City Limited (TSCL) has issued a request for proposal (RfS) seeking solar power developers to install 1.2 MW of rooftop solar systems on government buildings in the city. Interested bidders need to submit an earnest money deposit (EMD) of ₹600,000 (~$8,040) for the proposed capacity. ...

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Ventilator scam: Karnataka minister offers to resign if Congress can prove irregularities

Congress alleged rampant corruption in COVID-related purchases Karnataka Deputy Chief Minister Dr. C.N. Ashwath Narayan, on Monday, ruled out a probe into the alleged irregularities in the purchase of COVID-related equipment, as demanded by the opposition leaders, saying they were only making “baseless allegations” to demoralise the officers fighting the pandemic. Health Minister B. Sriramulu, who gave an account of the ...

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Karnataka’s Shivamogga Smart City Reissues a 25 MW Solar Tender on Tunga Canal

The last date for the submission of bids is August 8, 2020 Karnataka’s Shivamogga Smart City Limited (SSCL) has reissued a Request for Proposal (RfP) for the construction of 25 MW of canal-top solar projects. The tender has been reissued with modifications to garner more interest from developers. In July last year, the smart city had issued a tender for the construction of 25 ...

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Adani Green to Get Refund of ₹1.2 Million for Another 20 MW Solar Project in Karnataka

The penalty was levied for a delay in land acquisition for the project The Karnataka Electricity Regulatory Commission (KERC) has issued an order directing the Mangalore Electricity Supply Company Limited (MESCOM) to refund a penalty of ₹1.2 million (~$15,950) to Adani Green Energy Limited (AGEL). The penalty was levied on AGEL by MESCOM for not producing the documentary evidence for ...

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Adani Green to Receive Refund of ₹1.2 Million for a 20 MW Solar Project in Mysuru

Adani Green had submitted the amount as a penalty for a delay in land acquisition for the project The Karnataka Electricity Regulatory Commission (KERC) has ordered that Adani Green Energy Limited (AGEL) should get a refund of ₹1.2 million (~$15,754) from the Gulbarga Electricity Supply Company Limited (GESCOM) which was levied for a delay in submitting documentary evidence for a ...

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