Gujarat Plans Three New Airports, Including One Near Statue of Unity
Gujarat announces plans for three new airports, including one near the iconic Statue of Unity in Kevadia, to boost tourism and infrastructure. With over 1 crore tourists visiting the Statue of Unity since its inauguration, the move aims to
GMR Airports Secures ₹2,250 Cr in Bonds from Finance Companies
GMR Airports (GAL) recently raised ₹2,250 crore through non-convertible bonds, sourced from finance companies and private credit investors. The bonds, issued for two years and ten months at 13.275%, include a 5% cash coupon and an 8.275%
Meghalaya Govt Plans ₹2,500 Cr New Administrative City in Shillong
Chief Minister Conrad K Sangma announced a proposal to allocate over ₹2,500 crore for the development of a new administrative city in Mawdiangdiang, around 12 km from Shillong's city center. The project encompasses road connectivity
Eicher Trucks and Buses delivers EV buses to Indian Army
Eicher Trucks and Buses, a division of VE Commercial Vehicles (VECV) Limited, has delivered six Eicher Skyline PRO E 9M Staff AC Electric Buses to the Indian Army for environmentally friendly and sustainable transportation of staff and troop
Gadkari Sanctions ₹1,640.91 Cr for Arunachal Pradesh Frontier Highway
Union Minister Nitin Gadkari has approved two proposals totaling ₹1,640.91 crore for the construction of NH-913 Frontier Highway in Arunachal Pradesh. The first package, valued at ₹1014.59 crore, will cover the Kharsang-Miao-Vijaynagar-Gandhigram
PM Modi Unveils ₹1,330 Cr Development Projects in Goa
Prime Minister Narendra Modi inaugurated and laid the foundation stone for development projects worth over ₹1,330 crores as part of the Viksit Bharat, Viksit Goa 2047 program in Goa. The initiatives included the inauguration of the permanent
L&T Secures Contract to Build Brahmaputra Bridge in Assam
Larsen & Toubro (L&T) has secured a significant project to construct a bridge spanning the Brahmaputra River in Assam. Valued between ₹2,500-5,000 crore, the project involves building the Palashbari to Sualkuchi cable-stayed bridge
₹239cr Allotted for Second Phase of Kochi Metro rail
Finance Minister K N Balagopal allocated funds for ongoing projects in Kochi, with a notable absence of funding for the ₹2,150 crore international residential-commercial complex at Marine Drive. Major allocations include ₹239 crore
Delhi's Pragati Maidan Tunnel Faces Safety Concerns
The Pragati Maidan tunnel, inaugurated ahead of the G20 Summit, now faces safety concerns due to water seepage, cracks, and poor drainage, according to the Public Works Department (PWD). Notices have been issued to Larsen and Toubro (L&T)
Gadkari Advocates Permanent Cadre for NHAI
Union Minister Nitin Gadkari advocated for establishing a permanent cadre for the National Highways Authority of India (NHAI), emphasizing the importance of staff training at IITs. He urged officials to rectify mistakes promptly
Shapoorji Pallonji Realty Secures BKC 9 Project, Funded by WSB Fund II
After the success of Shapoorji Pallonji Real Estate’s premium project BKC 28, WSB Real Estate Debt Fund II (WSBREDF II) has invested INR 55 crore in another premium project, BKC 9, situated in Bandra East, Mumbai. BKC 9 is a collaborative
Road Ministry Implements Changes in Tendering Norms
In response to the trend of private players quoting unusually low prices to secure project preparation and supervision consultancy contracts, the road transport ministry has introduced significant changes in tendering norms.
14 rail projects to boost coal evacuation
Coal Minister Pralhad Joshi announced progress on rail projects aimed at enhancing coal evacuation. Out of the 14 projects initiated for this purpose, five have already been commissioned, while the rest are in various stages of construction
PM Modi to Inaugurate Toll-Free Mumbai Coastal Road on February 19
Prime Minister Narendra Modi will inaugurate the toll-free Mumbai Coastal Road Project's north-south portion of Phase 1 on February 19, marking the 394th birth anniversary of Chhatrapati Shivaji Maharaj. The project, officially named
MoRTH to spend ₹1.3lakh cr to build 14 e-ways covering 2k km
The Ministry of Road Transport and Highways plans to construct 14 new expressways and high-speed corridors spanning 2,279 km, with an investment of ₹1.3 lakh crore. These projects will be implemented across various states including Uttar
Ashoka Buildcon Completes Sale of Stake in UEPL to Mahanagar Gas
Ashoka Buildcon informs that after the Share Purchase Agreement signed by Mahanagar Gas Limited with Unison Enviro Private Limited (UEPL) and its Shareholders, Ashoka Buildcon Limited (ABL) and an investment fund managed by Morgan
Responsive Industries Reports Strong Financial Performance for Q3 FY24
Responsive Industries Limited, a leading manufacturer of various products including Luxury Vinyl Plank, Resilient Sheet Vinyl, Synthetic Leather, Synthetic Ropes, and Waterproofing Membrane, has announced its financial results
Shri Vivek Kumar Gupta assumed charge as the MD of NHSRCL
Shri Vivek Kumar Gupta, an IRSE 1988 batch officer, has taken charge as Managing Director of the National High Speed Rail Corporation Ltd. (NHSRCL), the organization overseeing India’s inaugural bullet train project. Prior to this role
Eicher & ITC Ltd collaborate for sustainable mid-mile logistics
Eicher Trucks and Buses, a division of VE Commercial Vehicles (VECV) Limited, has partnered with ITC Limited to promote sustainable and environmentally friendly mid-mile logistics solutions across various ITC locations in India. The collaboration
PM Unveils ₹68,000 Cr Development Projects in Odisha
Prime Minister Narendra Modi inaugurated development projects worth more than ₹68,000 crore in Odisha, focusing on bolstering the energy sector encompassing natural gas, coal, and power generation, alongside vital initiatives
Narendra Modi Unveils Projects Worth ₹11,000 Cr in Guwahati, Assam
Prime Minister Narendra Modi inaugurated and laid the foundation stone for projects worth ₹11,000 crores in Guwahati, Assam, with a key focus on enhancing sports, medical infrastructure, and connectivity.
GMDA to Take Over 3 Underpasses on Delhi-Gurgaon Expressway
The Gurugram Metropolitan Development Authority (GMDA) is considering taking over three underpasses located on the Delhi-Gurgaon Expressway, following a request from the National Highways Authority of India (NHAI).
MoRTH Aims to Set National Record with 13,813 km of Highways in FY24
The Ministry of Road Transport and Highways (MoRTH) is targeting a national record by constructing 13,813 km of highways in the current financial year, stated its Secretary Anurag Jain. He highlighted the ministry's goal to eliminate
Nagpur Municipal Corporation Expands Road Concretisation Projects
The Nagpur Municipal Corporation (NMC) has announced plans to convert an additional 23.45 kilometers of major roads from asphalt to cement, signaling an expansion in its road concretisation initiatives. Among the 33 shortlisted
Versova-Dahisar Project Cost Doubles to ₹35,955 cr in 6 Months
The BMC commissioner has disclosed that the total cost of the Versova-Dahisar Project has reached ₹35,955 crore. This figure marks a significant increase from the initial estimate of ₹16,621 crore when tenders were floated in August
Ahmedabad-Mumbai Bullet Train Project Faces Hurdle
The Ahmedabad-Mumbai bullet train project has hit a roadblock, with work on the Ahmedabad section halted due to an impasse between the National High-Speed Railway Corporation and Western Railway (WR). The WR authorities have not granted
Funding the Future: India's Interim Budget 2024-25 Targets $134 Billion for Infrastructure Development
Union Finance Minister Nirmala Sitharaman presented the Interim Budget 2024, focusing on infrastructure, agriculture, green growth, railways, youth, and women empowerment, while maintaining fiscal consolidation and continuing capital
NHAI Collaborates with GSI for Geotechnical Consultancy Services
The National Highways Authority of India (NHAI) has signed a memorandum of understanding with the Geological Survey of India (GSI) to provide site-specific geotechnical consultancy services and assist in vetting detailed project reports
SANY Showcases Global Construction Equipment at Bharat Mobility Expo
SANY India showcased its wide range of innovative construction equipment lineup at Bharat Mobility 2024, exemplifying technological innovation tailored to meet the diverse demands of the construction industry. The products featured
VECV displays Future Ready Mobility Solutions at Bharat Mobility Expo
VE Commercial Vehicles, a joint venture between the Volvo Group and Eicher Motors, has displayed Made-in-India for the world & Future Ready mobility solutions at Bharat Mobility Global Expo 2024. Vinod Aggarwal, MD and Chairman
