CBRE's 2024 India Market Outlook Foresees Robust Growth in I&L Sector
CBRE South Asia Pvt. Ltd., India’s leading real estate consulting firm, has announced the findings of its report, ‘2024 India Market Outlook’. The report highlights key trends and projections for the Indian real estate sector this
CNH Unveils Multi-Vehicle Simulator at India Technology Center
CNH, a global leader in agricultural and construction solutions, has introduced a cutting-edge Multi-Vehicle Simulator (MVS) at its India Technology Center (ITC). This first-of-its-kind simulator in the Indian off-highway segment
Ambuja Cements to Acquire 1.5 MTPA Grinding Unit at Tuticorin
Ambuja Cements, part of the Adani Portfolio, has signed a definitive agreement to acquire My Home Group's 1.5 MTPA Cement Grinding Unit in Tuticorin, Tamil Nadu. The acquisition, valued at ₹413.75 Crores, will be funded through
TVS ILP invests ₹125 cr in Cuttack Logistics Park
TVS ILP has invested Rs 125 crore in the upcoming state-of-the-art warehousing facility in Cuttack, Odisha, marking a significant expansion for the company in the eastern markets. The upcoming facility spans 24 acres of land, housing
Manitou & SSAB Signs Letter of Intent for Fossil-Free Steel Deliveries
Manitou Group, a global leader in handling, aerial work platforms, and earth moving sectors, has announced a letter of intent with Nordic steelmaker SSAB for fossil-free steel deliveries. The deliveries will commence in 2026 and increase
Experion Developers Unveils Luxury Residential Project in Noida
Experion Developers, a fully FDI-funded real estate developer and subsidiary of Experion Holdings Pte Ltd, Singapore, has announced its new project in Noida, Uttar Pradesh. Acquiring prime land parcels in Sector 45, the developer
Construction Begins on Victoria Metro Station in Kolkata's Purple Line
Construction has started for the Victoria Metro Station on Kolkata's Purple Line, which connects Joka to Esplanade. Following the recent opening of the Joka-Majerhat stretch, focus has shifted to the Mominpur (Excl.) to Esplanade section
Tata, JSPL, SAIL, AM/NS & JSL bag ₹1,586-cr Railways order
Tata Steel, Jindal Steel and Power Limited (JSPL), ArcelorMittal Nippon Steel (AM/NS), Steel Authority of India Limited (SAIL), and Jindal Stainless Limited (JSL) have secured steel supply contracts from the Railways valued
Edelweiss Alternatives Acquires L&T Infrastructure Development Projects
The Infrastructure Yield Plus strategy, backed by Edelweiss Alternatives, has finalized the acquisition of L&T Infrastructure Development Projects Ltd (L&TIDPL). The portfolio includes seven operational roads and one power transmission
Sobha to Develop ₹2,700-2,800 Crore Row Housing Project in Bengaluru
Sobha announces plans for Sobha Crystal Meadows, a 26-acre row housing project in Bengaluru, Karnataka. With an estimated revenue potential of approximately ₹2,700-2,800 crore, construction on the RERA certified project
Infrastructure Sector Seen Robust Demand in H2FY24: CareEdge Ratings
According to CareEdge Ratings, the credit ratio of the infrastructure sector has remained robust at 2.29 in H2FY24, slightly up from 2.21 in H1FY24. The growth was fueled by more upgrades in the transport infrastructure segment
Terravista Developers Acquires 25-acre Land in Pune for ₹471 cr
Adani Group's Terravista Developers has acquired leasehold rights of a 25-acre land parcel in Pimpri industrial zone in Haveli locality of Pune, Maharashtra for ₹471 crore from Finolex Industries. Stamp duty of over
Govt to Shift to 'Lane km' Measurement for Highway Construction
The government is considering a shift in the method of measuring highway construction in the country from 'road km' to 'lane km' starting this financial year. This adjustment comes as the focus shifts towards constructing more expressways
Navy Chief Inaugurates New Pier at Karwar Naval Base
The strategic Karwar naval base in coastal Karnataka sees the inauguration of a new 350-meter-long pier by Navy Chief Admiral R Hari Kumar. Part of Project Seabird, aimed at expanding the base to become Asia's largest facility
Road Transport Ministry Constructs 12,349 Km of Highways in 2023-24
The Ministry of Road Transport and Highways (MoRTH) achieved the second-highest construction of national highways in its history, completing 12,349 kilometers in 2023-24. This follows the record 13,327 kilometers constructed
Sany Launches First Locally Manufactured Electric Opencast Mining Truck
Sany introduces the SKT105E, India's first locally manufactured, full electric opencast mining truck, expanding its electric machine lineup. This localised, fully electric off-highway mining truck boasts high energy efficiency
Discover Excellence: Join WTC2024's Eight Premier Technical Tours!
The World Tunnel Congress 2024 will open in Shenzhen, China in one month. The technical visits of this congress are distinctive, including large immersed tube tunnels, large diameter TBM tunnels, composite metro hubs, deep water
MYCRANE Experiences Surge in Indian Market
MYCRANE, the world’s first global platform for online crane rental, has witnessed a significant increase in new client registrations and project inquiries in the thriving Indian market. Recent customer orders for crawler, rough terrain
Air India and Bangalore Airport Partner for Aviation Hub
Air India and Bangalore International Airport Limited (BIAL) have signed an agreement to develop Bengaluru as a key aviation hub in southern India. The partnership aims to improve air travel connectivity to and from India in the coming years.
Indian Road Logistics Industry Revenues to Grow at 3-6% in FY25: ICRA
ICRA expects the revenues of the Indian road logistics industry to remain range-bound and grow at a sedate pace of 3-6% in FY2025. This projection is due to the limited ability of players to increase freight rates, expected softening
JSW Steel Achieves Record Crude Steel Output
JSW Steel reported a record production of 26.43 million tonnes of crude steel during the fiscal year 2023-24, marking a 9% increase compared to the previous year. In the January-March period of 2024, the consolidated output reached
Ahmedabad to Expand SP Ring Road to Six Lanes
The Ahmedabad Urban Development Authority (Auda) is fast-tracking plans to widen SP Ring Road to six lanes due to anticipated heavy traffic in the next five to seven years. Translink has been tasked with preparing a detailed project
GMDA Plans Signal-Free Upgrade for Iffco Chowk to SPR Road
The Gurugram Metropolitan Development Authority (GMDA) aims to enhance the 10-km road stretch from Iffco Chowk to the Southern Peripheral Road (SPR) by eliminating traffic signals and constructing elevated structures. The project, set to
India's Hydroelectric Power Capacity Set to Surge
Hydroelectric power projects totaling 15 GW are being constructed in India, poised to boost the country's hydro capacity from 42 GW to 67 GW by 2031-32. The Indian Meteorological Department forecasts increased rainfall this fiscal year
East Central Railway Invites Bids for Feeder Line Project
East Central Railway has issued a tender for the construction of a 2x25 kV feeder line for the Son Nagar Jn.-Garwa Road section of DDU division. The project entails the design, supply, erection, testing, and commissioning of the feeder
Adani Group to Invest Rs 2.3 Trillion in Renewable Energy Expansion
The Adani Group has announced plans to invest approximately Rs 2.3 trillion in India's renewable energy sector by 2030. Adani Green Energy (AGEL) will allocate around Rs 1.5 trillion to expand its solar and wind power generation capacity
BRO Invites Bids for Dong-Jachep Road Construction in Arunachal Pradesh
The Border Roads Organisation (BRO) has invited bids for the construction of Dong-Jachep road (green-field alignment) in Lohit, Arunachal Pradesh under the Engineering, Procurement, and Construction (EPC) mode.
KEC International Secures New Orders Worth ₹816 Cr
KEC International has secured new orders totaling ₹816 crores across its various business verticals. In the civil sector, the company has secured orders for infrastructure projects in India, including the establishment of a steel plant
Prestige Group Acquires ₹450 Cr 21 Acre Land in Bengaluru
Prestige Group has acquired 21 acres of land in Whitefield, Bengaluru, for ₹450 crore. The acquired land will be utilized for residential development, encompassing approximately four million square feet of developable area, with plans for
Tender floated for construction of ROBs in Vadodara-Geratpur section
Western Railway has issued a tender for the construction of three road over bridges (ROBs) between Vadodara and Geratpur. The work includes building two-lane ROBs with approaches at three locations. The contract, valued at ₹111.46 crore
