NPG approves Rs 19,520.77-cr road, rail infra projects
The Network Planning Group (NPG) has approved four infrastructure projects in roads and railways sectors, involving an investment of Rs 19,520.77 crore. These projects have been recommended for approval under the PM GatiShakti initiative. This takes
PM GatiShakti role pivotal in evidence-based decision making: Goyal
Union Minister of Commerce & Industry Piyush Goyal has highlighted the role of PM GatiShakti in project prioritization, optimization and evidence-based decision making for enhancing ease of living and ease of doing business. Addressing the workshop on
NIIF plans to sell maiden road assets worth $1-bn
The country’s sovereign-backed National Investment and Infrastructure Fund (NIIF) has planned to sell its maiden portfolio of five road projects, with a total worth of around Rs 10,000 crore or $1.2 billion on an enterprise value foundation. J P Morgan
ESR to invest Rs. 400-cr for Nagpur Logistics Park 2, acquires 58 acres
ESR Group Limited has acquired 58 acres of land in Nagpur with a total development potential of 1.4 million sq. ft. The Asia Pacific's largest real asset manager specialising in Industrial and Logistics spaces and Data Centres has also committed to invest
ARIIL wins contract for redevelopment project in Mumbai
Ajmera Realty & Infra India (ARIIL) has secured a contract for the redevelopment project of a housing society in Versova, Mumbai. The project spans across an estimated carpet area of about 90,700 sq. ft. The project is estimated to generate sales
KK Construction to build multiple towers in Jharkhand
Kamini Kaushal Construction has planned the construction of a residential complex 'The Watermark' at Anandpur, Saraikela Kharsawan district of Jharkhand. This new project will cover an area of over 6.79 acres, and will have a built-up area of 1,06,384.68 sq. mtrs
India's infrastructure spending to double to Rs. 143-lakh crore from 2024 to 2030: CRISIL
India will spend nearly Rs. 143 lakh crore in infrastructure over the seven fiscals through 2030, which is more than twice the Rs 67 lakh crore spent in the previous seven fiscal years starting in 2017, states CRISIL during its flagship India Infrastructure Conclave
Ahmedabad gets USD 181 million loan from ADB for infrastructure development
The Asian Development Bank (ADB) has granted approval for a USD 181 million loan aimed at enhancing urban liveability and mobility in the peri-urban regions of Ahmedabad, Gujarat, by promoting the development of high-quality infrastructure
J Kumar Infraprojects secures contract worth Rs 99 cr from MMRDA
J Kumar Infraprojects Ltd has secured a project amounting to Rs 99.29 crore from Mumbai Metropolitan Region Development Authority (MMRDA). The project is to be executed in 56 weeks
UP unveils Rs. 488-cr urban infra projects
Uttar Pradesh CM has unveiled projects worth Rs. 488 crore, including Rs. 233.20 crore projects in Gorakhpur district of the state. These projects include the inking of a MoU between Gorakhpur Nagar Nigam and NTPC Limited for setting up a plant to make
KPIL secures orders amounting to Rs. 2,217-cr
Kalpataru Projects International Limited (KPIL) and its international subsidiaries have secured new orders amounting to Rs 2,217 crores. The details of these new projects include orders in the T&D business worth Rs 1,993 crores in India and overseas markets
CJ Darcl signs MoU with Tata Motors to enhance vehicle fleet & explore logistics services
CJ Darcl Logistics has signed a Memorandum of Understanding (MoU) with Tata Motors Limited to strengthen and enhance CJ Darcl’s vehicle fleet while exploring options of logistics services. This partnership also aims to enhance the efficiency of CJ Darcl’s
J&K's Sherebibi 224-m viaduct (2-lane) completed at Rs. 12-cr
Union Minister for Road Transport and Highways Nitin Gadkari has said the construction of a 224-meter viaduct (2-lane) at Sherebibi in Jammu and Kashmir has been successfully completed with an estimated cost of 12 crore. Gadkari said this infrastructure
Indian CE Industry heads for 14-15 % growth rate: CRISIL
Riding high on the government's significant focus on infrastructure spending, the domestic construction equipment sector is expected to grow by 14-15 percent in FY24, as per Crisil Ratings. Additionally, construction activities in the real estate and mining
Gujarat extends scheme to boost cities infrastructure by 3 yrs
Gujarat government has announced the extension of Swarnim Jayanti Mukhyamantri Shaheri Vikas Yojana for an additional three more years, covering from 2024-25 to 2026-27. Under this scheme, funds are provided to cities and towns to bolster their infrastructure
NBCC signs MoU with Visakhapatnam Port Authority
NBCC (India) Limited has signed an MoU with Visakhapatnam Port Authority (VPA), Visakhapatnam for the renovation/ refurbishment of office Bbuildings located within VPA premises. The project will involve the renovation/refurbishment of several buildings
Modi inaugurates multiple development projects worth Rs. 4200-cr in U’khand
Prime Minister Narendra Modi has laid the foundation stone and dedicated to the nation multiple development projects worth about Rs. 4200 crore in sectors including rural development, road, power, irrigation, drinking water, horticulture, education
States urged for faster completion of projects older than 3 yrs
Emphasizing the pivotal role of the Rural Infrastructure Development Fund (RIDF) in transforming the rural economy, the government has urged state governments to ensure the faster completion of projects older than 3 years. Dr. Vivek Joshi, Secretary
APIIC issues EoI for Rs. 2,300-cr Business Park in Madhurawada
The Andhra Pradesh Industrial Infrastructure Corporation (APIIC) has issued an Expression of Interest (EoI) to develop the ‘I-Space Business Park’ in Madhurawada area of the state. The park is likely to come up on 19 acres of land, on hill number three in
MCD's Chandni Chowk multilevel parking facility nears full operation
The Municipal Corporation of Delhi (MCD) is on track to make the multilevel parking facility at Chandni Chowk fully operational within the next month. The multilevel parking facility is a six-storey structure , constructed at the former Gandhi Maidan
Pune to host 7th National Convention on Ferrocement from Nov. 24th
The Indian Ferrocement Society is organizing the 7th National Convention on Ferrocement with the theme "New Horizons in Ferrocement." The event will take place at the College of Engineering, Pune, COEP Campus, Pune, India. About 30 experts will be participating
India-Tanzania inks multiple MoUs in diverse sectors
India and Tanzania have inked multiple MoUs covering diverse sectors. These agreements include one between Jawaharlal Nehru Port Authority and the Tanzania Investment Centre for setting up of an industrial park in Tanzania. Additionally, Cochin Shipyard
Outlook to remain stable for Indian road logistics: ICRA
ICRA, a rating agency, expects that the road logistics sector will do well in the year 2024, aided by stable domestic consumption and investment demand. It stated that the industry’s revenue growth is pegged at 6-9% in FY2024 on an elevated base of FY2023
UP approves Rs. 500-cr for urban infra upgrade
The UP government has approved Rs. 500 crore for the state’s urban development department to build new roads and upgrade existing ones in the state. The government has already sanctioned a scheme to provide interest-free loans for the construction
Assam clears Rs 3,000-cr for economic corridor
The Assam cabinet has approved Rs 3,000 crore for the construction of a 1,000-km-long economic corridor in the state, Tourism Minister Jayanta Malla Baruah informed. The cabinet has granted its in-principle approval for the project under the Asom Mala
DDA to develop infra on 9,866 ha in Narela for education hub
The Delhi Development Authority will transform the Narela sub-city into a multi-model hub by providing land parcels to universities and institutions, among other initiatives. Narela already houses many relocated and new industries and features court complex
JSP plans capacity addition at Angul facility in Odisha
Jindal Steel and Power (JSP) has decided to make its Angul unit India's largest single-location steel manufacturing facility. As of now, the capacity of the Odisha plant is being ramped up to 11.6 million tonnes per annum (MTPA) from the existing 5.6 MTPA
DBL secures Rs. 396.93-cr water infra contract in Rajasthan
Dilip Buildcon, a construction and infrastructure development company, has signed an agreement for a water infrastructure project worth Rs 396.93 crore in Rajasthan. The scope of work includes the planning, design and construction of Dewas III and IV Dams
DMRC to build multi-storey bus terminal at Nehru Place
The Delhi government has decided to build a multi-storey bus terminal in Nehru Place. They have asked the Delhi Metro Rail Corporation (DMRC) to build the terminal in South Delhi. The proposed project includes an integrated commercial development area
U’khand inks Rs 18,850-cr MoUs at Delhi Investment Summit
The Uttarakhand government has signed Memorandums of Understanding (MoUs) worth Rs 18,850 crore with investors from diverse sectors during a road show of Global Investor Summit 2023 in New Delhi. The highest amount of Rs. 15,000 was committed by
