KPIL bags Rs 2,263 cr new orders in domestic & overseas markets
Kalpataru Projects International Limited (KPIL) has announced the acquisition of new orders amounting to Rs. 2,263 crore in both domestic and overseas markets. The transmission and distribution (T&D) segment secured orders of Rs. 1,564 crore
SEPC secures Rs 427 cr contract for water infra project in Jharkhand
SEPC Ltd, formerly Shriram EPC Ltd, has won a contract worth Rs 427.9 crore from the government of Jharkhand. Awarded by the Drinking Water and Sanitation Department, the project involves the construction of an intake well on a turnkey basis
Adani Group plans Rs 7 trillion investment in infrastructure over next decade
Adani Group, a port-to-power conglomerate, aims to invest Rs 7 trillion (approx. USD 84 billion) in infrastructure projects over the next decade. The expansion targets include ports, energy, and infrastructure businesses, reflecting the conglomerate's
India launches ₹45000 cr auction for strategic minerals exploration
The Indian government initiates the first tranche of auctions, valued at around ₹45000 crore, for 20 mineral blocks, including lithium, rare earth elements, nickel, copper, and more. The online auction, led by the Ministry of Mines, aims to harness
Cabinet greenlights Rs 24,104-cr PM-JANMAN scheme for tribal welfare
The Union Cabinet has approved Rs 24,104 crore for the Pradhan Mantri Janjati Adivasi Nyaya Maha Abhiyan (PM-JANMAN). The comprehensive scheme covers infrastructure, housing, water, healthcare, and allied welfare for tribal communities. The initiative
PCBL diversifies with Rs 3,800-cr acquisition of Aquapharm Chemicals
Phillips Carbon Black Limited (PCBL), a part of RP-Sanjiv Goenka Group, ventures into water treatment and oil and gas chemicals through the acquisition of Pune-based Aquapharm Chemicals for Rs 3,800 crore. The move signifies PCBL's strategic expansion into
Bonfiglioli Transmissions inaugurates high-tech assembly facility in Pune
Bonfiglioli Transmissions Pvt Ltd, the Indian arm of global power transmission leader Bonfiglioli Riduttori S.p.A., has inaugurated its new 42,500 sq. meters assembly facility in Pune. The high-tech, smart plant, operational from November 29, 2023, emphasizes
CLSA predicts India to become world's largest economy by 2052
A recent CLSA report forecasts that India could surpass the US to become the world's largest economy by 2052, with a nominal GDP of $45 trillion. The study projects India to be the world's third-largest economy by 2027, surpassing Japan, and expects
Odisha approves key projects worth Rs 84,918.75-cr across various sectors
The Chief Minister of Odisha has given the green light to 12 major projects with a total investment of Rs 84,918.75 crore. The approved projects span industries like green hydrogen, green ammonia, steel, power, renewable energy, chemicals, petrochemicals
Merlinhawk Aerospace forms JV with Vega Composites for defence corridor manufacturing unit
Merlinhawk Aerospace (MAPL) has entered into a joint venture (JV) agreement with Italy's Vega Composites to establish a manufacturing and design facility in Tamil Nadu's defence corridor. The newly-formed company, 'Merlinhawk Composites and
JSW Steel completes Rs 750-cr investment in JSW paints
JSW Steel has fulfilled its commitment by investing the final tranche of Rs 750 crore in JSW Paints. The strategic investment was made in multiple installments to support the expansion plans of JSW Paints, which is establishing a unit for manufacturing
J&K approves four new industrial estates to boost infrastructure
The Administrative Council, led by Lieutenant Governor Manoj Sinha, grants approval for the establishment of four new Industrial Estates in Jammu and Kashmir. These estates in Budhi Kathua, Medicity Jammu, Chandgam, and Lelhar Pulwama will
IGBC launches new rating tools for net-zero building projects
The IGBC introduces innovative rating tools, including the Net-Zero Carbon (pilot version) rating system, to accelerate the adoption of green building projects in India. The tools aim to reduce operational and embodied emissions by optimizing
Caterpillar India unveils customer experience and training center
Caterpillar Inc., the global leader in the manufacturing of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives, has inaugurated the
Gati launches mega Surface Transhipment Centre at Mayasandra
Allcargo Gati has inaugurated a state-of-the-art, tech-enabled Surface Transhipment Centre and Distribution Warehouse (STCDW) at Mayasandra in Bengaluru. Spanning over 3.5 lakh sq. ft, the STCDW is strategically
IGBC unveils India's first net zero carbon rating system at GBC 2023
The Indian Green Building Council (IGBC), in collaboration with the Tamil Nadu Government, inaugurated the Green Building Congress 2023, unveiling India's pioneering 'Net Zero Carbon' rating system. The event
Kalpataru launches premium plotted community project in Maharashtra
Kalpataru has introduced Kalpataru Aria, a premium plotted community project in Karjat, Maharashtra. The project spans four sectors, offering well-designed plots with cutting-edge engineering, amenities like
President inaugurates L&T-funded skill training hub in Odisha hometown
President Droupadi Murmu inaugurated a Skill Training Hub in Paharpur, Mayurbhanj, her hometown in Odisha, supported by L&T and SLS Trust. Completed in five months, the state-of-the-art facility aims
Survey of India and Genesys International partner for 'Digital Twins' of cities
The Survey of India (SOI) has entered a groundbreaking agreement with Genesys International, a private mapping company, to create 'digital twins' of major Indian cities and towns. Aligned with the national
PM launches social impact fund for digital public infrastructure in global south
During the Virtual G20 Summit, the Indian Prime Minister announced the initiation of a Social Impact Fund to support the implementation of Digital Public Infrastructure (DPI) in Global South countries
Deltabulk Shipping secures bid for Nagpur multimodal logistics park
Deltabulk Shipping India, a London-based subsidiary of Delta Corp Holdings, has won the bid for a 45-year contract to develop a Multimodal Logistics Park (MMLP) in Nagpur. The investment of Rs. 365.89 crores
Reliance Industries to invest Rs 20,000-cr in West Bengal expansion
During the Bengal Global Business Summit (BGBS), Reliance Industries announced a substantial investment of Rs 20,000 crore in West Bengal over the next three years. The funds will be directed towards retail, bio-energy
India & Australia forge partnership in critical minerals and defence
India and Australia are set to establish a strategic partnership, focusing on sectors like critical minerals, defence trade, and investment. The ongoing 2+2 Ministerial Dialogue, featuring Defence Minister
RPP Infra secures multiple contracts worth Rs. 133.48-cr
Expanding its portfolio in the construction and infrastructure sector, RPP Infra Projects has secured multiple contracts and received letters of acceptance (LoAs) for projects worth Rs 133.48 crores. One of the
India embarks on world's largest planned urbanisation program
India is undertaking the largest planned urbanisation program globally, with urban development investments exceeding Rs 18 lakh crore since 2014, according to Union Minister Hardeep Singh Puri. The announcement
ADB approves $100-mn for urban infra & tourism boost in Tripura
The Asian Development Bank (ADB) has granted a $100 million loan to enhance urban infrastructure and tourism facilities in Tripura. ADB's commitment aims to support Tripura's goals of advancing urban
Actis to invest $2.5 billion in India's sustainable infrastructure
Actis, a sustainable infrastructure-focused investor, plans to deploy $2.5 billion in India over the next four years. The investment will target opportunities in energy transition, digital infrastructure
PM Modi unveils Rs 7,200-cr infrastructure boost in Jharkhand
Prime Minister Narendra Modi inaugurated a slew of projects in Jharkhand, totaling around Rs 7,200 crore. The initiatives include the four-laning of NH-133 Mahagama-Hansdiha and NH-114 A Basukinath
Gujarat receives Rs 571-cr boost for tribal area development
The Union government has allocated Rs 571 crore to Gujarat for infrastructure development in 2,803 tribal-dominated villages under the Pradhan Mantri Adi Adarsh Gram Yojana. The state is also enhancing
India secures $400 million ADB loan for sustainable urban development
The central government has signed a $400 million policy-based loan agreement with the Asian Development Bank (ADB) to support urban infrastructure development, service delivery enhancement, and governance efficiency. The agreement
