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Sify To Invest $5 Billion Over Five Years In Data Centre Business: Cmd Raju Vegesna.Sify Technologies, the company that introduced many Indians to the internet back in 1998 as the country’s first private ISP, is now set to make a bold $5 billion investment over the next five years—primarily to scale up its data centre business.
The announcement comes as Sify inaugurated a new data centre campus in Chennai on Thursday, reinforcing its commitment to digital infrastructure. “Data centre is not just real estate, but a technology play—and competition only makes it better,” said Chairman and Managing Director Raju Vegesna in an interaction with businessline.
After acquiring Sify from Satyam Computer Services in 2005, serial tech entrepreneur Vegesna has led the company’s transformation into a ₹4,000 crore integrated ICT services and solutions provider, with business verticals spanning data centres, networking, and digital services.
With demand for cloud, AI, and enterprise digital transformation surging, Sify’s latest investment aims to strengthen its position as a key player in India’s fast-evolving data infrastructure landscape.water
Apr 18, 2025
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Hindustan Oil Exploration Company Ltd Secures Contract Area In Mumbai Offshore Region.Hindustan Oil Exploration Company Ltd (HOEC) has announced the recent award of contract area MB/OSDSF/B15/2024 under the Special Discovered Small Fields Bid Round 2024, granted on April 15, 2025.
The new block, spanning 332.4 square kilometers in the Mumbai Offshore region at a water depth of approximately 40 meters, encompasses two significant discoveries—B-15A-1 and B-15-2. The area holds further exploration potential, with a total of six wells already drilled. Well B-15A-1 has tested around 1.66 million standard cubic feet per day (mmscfd) of gas and 1,833 barrels of oil per day (bopd), while Well B-15-2 has tested approximately 1,151 barrels of oil and 0.91 mmscfd of gas from the Panna formation. HOEC operates this block with 100% participating interest.
This new addition of Block MB/OSDSF/B15/2024 enhances HOEC’s existing operations, complementing its Block MB/OSDSF/B80/2016 in the Mumbai Offshore region, expanding the company’s total acreage to over 800 square kilometers. The growth in reserves and resources solidifies HOEC’s standing as a prominent independent oil company in the industry.
Mr. Ramasamy Jeevanandam, Managing Director of HOEC, expressed the company's commitment to strengthening its asset base and capitalizing on growth opportunities. He highlighted that, through further development of existing discoveries and potential new well drilling, HOEC aims to maximize the value of this block, ensuring sustained growth and creating significant value for stakeholders.water
Apr 17, 2025
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Noida Airport'S Emergency Access Road Nears Completion Ahead Of Inauguration.Noida District Magistrate Manish Kumar Verma on Tuesday inspected the ongoing construction of an emergency access road near Noida International Airport, a critical infrastructure element expected to be ready ahead of the airport’s scheduled opening later this year.
The 8-kilometre-long, 30-metre-wide road is being built by the National Highways Authority of India (NHAI) and is designed to provide swift access for emergency services, including ambulances, police, fire services, and cargo vehicles. It will start near the airport's cargo terminal and connect to Sector 28 of the Yamuna Expressway Industrial Development Authority (YEIDA), ultimately linking to the Yamuna Expressway.
“This road will serve as a vital emergency corridor to and from the airport,” Verma told TOI, underlining the importance of timely completion. “The airport is a dream project of both the Government of India and the Uttar Pradesh Government. Any delay will not be tolerated, and all departments have been instructed to expedite construction.”
During the site visit, SDM Jewar Abhay Kumar Singh updated the DM on the current status, stating that levelling work is in progress and the project is on track to be completed within six months.water
Apr 17, 2025
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Environmental Clearance Hurdles Delay Thiruvananthapuram Airport T2 Expansion.The expansion of Terminal 2 (T2) at Thiruvananthapuram International Airport under Project Anantha is expected to be delayed, with the crucial environmental clearance (EC) still pending. The project, being spearheaded by Adani Airport Holdings Ltd, was initially scheduled to begin in April, but the absence of a valid clearance has halted progress.
The delay stems from the expiry of the tenure of the State Level Environment Impact Assessment Authority (SEIAA) in March. As a result, the application for EC has now been escalated to the Union Ministry of Environment and Forests (MoEF).
Sources close to the airport said that the airport's master plan is currently being revised to incorporate recommendations from the MoEF. Construction will commence only after the revised plan receives formal approval.
"The process will likely take another four months. A recent stakeholder meeting involving the CISF and Kerala State Industrial Enterprises Ltd (KSIE) gathered all necessary inputs, which will help finalise the updated master plan," said a source familiar with the development.
In addition to the terminal expansion, the proposed five-star hotel project on the city side of the airport is also awaiting clearance. The SEIAA had earlier directed Adani Airport Holdings Ltd to revise its conceptual plan, raising concerns over the environmental impact of the basement component. This revised plan is also under review by the MoEF.
Meanwhile, refurbishment work on Terminal 1 (the domestic terminal) is progressing steadily. The canopy installation is nearing completion and the new parking facility is already operational. The T1 upgrades are expected to be completed in the next two months.
Despite the hurdles, the airport’s future development remains on track. During the Invest Kerala Summit in February, the Adani Group committed ₹5,500 crore over five years towards the airport’s development. Additionally, the Airports Economic Regulatory Authority (AERA) last year approved a ₹1,200 crore development plan, while a broader ₹3,000 crore master plan is still under AERA’s review.water
Apr 17, 2025
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Verso Altima India Pvt Ltd Secures ₹4.3 Million Order.Verso Altima India Pvt Ltd, a subsidiary of Adroit Infotech Ltd, has announced the successful acquisition of a major order worth ₹4.3 million from PT SUPRA PRIMATAMA NUSANTARA. The project involves providing both functional and technical support for the SAP Billing and Revenue Innovation Management (BRIM) application, along with comprehensive onsite and offshore support for a one-year period.
Adroit Infotech, a specialist SAP consulting firm, has nearly two decades of experience in helping organizations enhance efficiency and reduce costs through SAP solutions. The company focuses primarily on large enterprises and mid-market businesses, offering services ranging from initial consultations and process analysis to implementation, rollouts, ongoing support, and maintenance.
Verso Altima India operates with a global presence, with collaborative centers in countries including the UK, Brazil, Croatia, Jamaica, Oman, Spain, Thailand, and the USA. The company employs over 150 professionals and provides cutting-edge IT services in areas such as analytics, IoT, AI, 5G, cloud computing, and DevOps.
The SAP BRIM market, which deals with fast, real-time, and accurate billing in subscription or consumption-based models, is experiencing rapid growth. However, this growth also comes with a shortage of specialized technical resources, making Verso Altima’s expertise in this area highly sought after. The partnership with PT SUPRA PRIMATAMA NUSANTARA reflects the company’s strong position in this expanding market.water
Apr 17, 2025
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Cmrl Issues Work Order For Land Survey In Metro Rail Project.Chennai Metro Rail Limited (CMRL) has issued a work order to the Coimbatore Corporation to conduct a land plan survey (LPS) for the proposed metro rail project in the city. The corporation has since begun building valuation along a 1.4-km stretch of Sathyamangalam Road, from Textool Bridge to Surya Hospital.
CMRL has sanctioned ₹2 crore for carrying out the LPS. A corporation official confirmed that digital surveying and utility mapping using Ground Penetrating Radar (GPR) have been completed on the stretch. The mapped utilities include underground drainage pipelines, water supply lines, electricity and gas lines, and telecommunication cables.
Once the LPS is finalized, the cost of relocating utilities will be calculated and submitted to CMRL. The utility mapping is part of a broader exercise in corridor one, covering 20.4 km from Ukkadam Bus Stand to Neelambur Integrated Station via Coimbatore International Airport, and in corridor two, spanning 14.4 km from Coimbatore Railway Junction to Valiyampalayam Pirivu.
Corporation Commissioner M. Sivaguru Prabakaran stated that nearly 75% of the LPS work on Sathyamangalam Road is complete. The district collector has directed the corporation to finish the building valuation within two weeks to facilitate the land acquisition process.
He also mentioned plans to establish a dedicated metro rail project office in Coimbatore, pending CMRL approval. Once the survey is completed, a stakeholder meeting involving representatives from CMRL, the highways department, and the public works department will be held to review progress and determine the next steps for the project.water
Apr 17, 2025
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Emmvee Adds 2 Gw Capacity With New Solar Manufacturing Plant In Karnataka.Emmvee, a leading manufacturer of high-quality solar photovoltaic panels and modules, has inaugurated a new manufacturing facility at Sulibele, near Bengaluru International Airport in Karnataka. The expansion adds 2.0 GWp of module capacity, bringing the company’s total capacity to approximately 6.6 GWp in PV modules and 2.5 GWp in solar cells.
DV Manjunatha, Chairman and Managing Director of Emmvee, said the new facility spans nearly 4 lakh square feet and will accommodate over 500 new employees, including engineering professionals, senior management, operations, and administrative staff.
With a current workforce of more than 2,000, the new additions will further strengthen Emmvee’s capabilities as it scales up to meet growing demand in the solar energy sector.water
Apr 17, 2025
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Oil India Wins 9 Exploration Blocks Under Oalp Ix Round.Oil India Limited (OIL), a Maharatna Central Public Sector Enterprise under the Ministry of Petroleum and Natural Gas, has secured nine exploration blocks under the ninth round of the Open Acreage Licensing Programme (OALP-IX), marking a major expansion in its exploration portfolio.
With six blocks awarded as sole operator and three in partnership, OIL has added over 51,000 sq km to its portfolio—boosting its total exploration acreage from 60,000 sq km to nearly 110,000 sq km, an 85% increase. Notably, the company achieved a 100% strike rate, winning all nine blocks it bid for, highlighting its technical expertise and strategic focus.
A key highlight of this round is OIL’s foray into deepwater and ultradeep offshore exploration, with more than 47,000 sq km of the awarded blocks located in these high-potential frontiers. The company has also made its debut in the Cambay Basin and the northeastern state of Meghalaya, opening new avenues in previously untapped regions.
The achievement reflects OIL’s alignment with India’s energy goals and is supported by key government initiatives like the Hydrocarbon Exploration and Licensing Policy (HELP), reforms to improve ease of doing business, and the unlocking of ‘No-Go’ areas.
"This is more than just acreage acquisition—it’s a bold step into the future," the company stated, reaffirming its commitment to driving India’s energy security with scale, precision, and ambition.water
Apr 16, 2025
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Cairn Oil & Gas, Vedanta Secures 7 New Exploration Blocks In Oalp Ix Round.Cairn Oil & Gas, a unit of Vedanta Group and India's largest private oil and gas producer, has secured seven new exploration blocks under the Open Acreage Licensing Policy (OALP) Round IX. The contract signing ceremony was held today in the presence of Union Minister for Petroleum & Natural Gas, Shri Hardeep Singh Puri.
The newly awarded blocks include four onshore and three shallow water assets located across key hydrocarbon basins such as Cambay, Saurashtra, and Mumbai. With this addition, Cairn’s total portfolio now stands at 69 blocks covering more than 73,000 sq km across the country.
Emerging as the largest private participant in OALP Round IX, Cairn acquired 7 out of the 28 blocks on offer, further strengthening its position as a key contributor to India's energy landscape. The company aims to meet 50% of India’s domestic crude oil demand in the near future.
Congratulating the government, Vedanta Group Chairman Anil Agarwal said, “India’s hydrocarbon policies are now among the most attractive globally, offering significant opportunities and returns on capital.”
Cairn has been a consistent player in OALP auctions, having previously secured 36 blocks in Round I, 5 in Round II, and 3 in Round III. It holds 100% participatory interest in all OALP blocks, alongside legacy assets awarded under earlier licensing rounds.
The acquisition of these new blocks is set to boost Cairn’s exploration and production efforts, especially along the West Coast. The company already operates fields like Lakshmi and Gauri in offshore Cambay (CB/OS-2 block), and the Jaya onshore field in Gujarat’s Bharuch district. Cairn is also planning further exploration in the Ambe shallow water block (DSF) in the Gulf of Cambay.water
Apr 16, 2025
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Goa Launches ₹6,000 Crore Infrastructure Overhaul With Smart Roads And Coastal Bridges Projects.Goa's Public Works Department (PWD) has outlined an ambitious infrastructure overhaul for the 2025-26 fiscal year, seeking over ₹6,000 crore in funding from the Union Ministry of Road Transport and Highways. The allocation includes approximately ₹300 crore dedicated to road safety measures and the upkeep of the state's roads.
A key project highlighted in the plan is the construction of a four-lane cable-stayed Borim bridge, estimated to cost ₹300 crore, including approach roads. The state government had finalized land acquisition for this bridge in November of the previous year, acquiring 3.4 lakh square meters of land in Loutolim, Borim, and Bandora for the project.
Additionally, the PWD's annual plan includes the construction of a ring road to connect Goa's border areas, enabling traffic to bypass the state's main regions and reduce congestion. A ₹10 crore study has already been conducted to assess how the road can be built along the ghats, minimizing the impact of interstate traffic on the state's infrastructure.
The plan also includes the construction of the Cuncolim bypass, connecting Uskinibandh to Bendordem. With four-laning already sanctioned for the Margao bypass to Cuncolim, and Bendordem to the Canacona bypass, the stretch in between will also be widened. This section has been prone to accidents, and the widening is expected to enhance safety.
Further, the PWD has requested funding for new models to ensure improved road maintenance, including a performance-based maintenance contract (PBMC) and short-term maintenance contracts. For this purpose, ₹200 crore has been earmarked.
The PBMC model, at a cost of nearly ₹1 crore per kilometer, is designed to ensure long-term road quality. Contractors will only be paid if they meet performance expectations across four maintenance components: routine, emergency, special, and periodical. After the five-year contract period, contractors will still be responsible for maintenance for an additional three years, ensuring road quality for a total of eight years.
In contrast, short-term maintenance contracts will be issued for a year, providing a more flexible approach to road upkeep. These measures aim to improve road safety, reduce accidents, and enhance the overall infrastructure in Goa.water
Apr 16, 2025