GDP zooms at 7.8 per cent growth rate in 1st quarter
Country’s Gross Domestic Product (GDP) clocked 7.8 per cent growth rate in the April-June quarter of 2023-24, as against 13.1 per cent during the corresponding period last year, according to the statistics released by the National Statistical Office
Crisil predicts 35% uptick in road & green energy infra spend
In view of the robust project execution pace, bolstered by favourable policy initiatives, healthy leverage and heightened investor interest, the capital expenditure on road infrastructure and renewable energy in India is poised for an impressive
VOX India unveils Rs.100-cr building materials factory in Bangalore
The VOX India, engaged in manufacturing building materials and home furnishing items, in a joint venture with VOX Poland, is setting up its first factory in Jigani Industrial Area, Bengaluru, entailing an initial investment of Rs.100 crore. The factory has
SHFL-IFC forms JV for affordable green housing projects
Shriram Housing Finance Limited (SHFL) and International Finance Corporation (IFC), a member of the World Bank, have partnered to launch an affordable green housing lending product for self-constructed homes. The project will deploy IFC’s Excellence
Smart city projects will be completed by June 2024
Union Minister for Housing and Urban Affairs Hardeep Singh Puri has informed top officials are monitoring all the smart city projects on a real time basis, and they will be completed
NBCC secures Rs.66-cr consultancy contract
Adding newer project to its portfolio in the country’s construction and infrastructure sector, NBCC, which is largely into project management consultancy and real estate construction business, has bagged a project management consultancy contract
Relief in interest rates on home loans on the anvil
The Union government is all set to announce a scheme to provide relief in interest rates on bank loans for housing in cities soon, informed Union Housing and Urban Affairs Minister Hardeep Singh Puri. The government is working out modalities of the
NPG approves 100 infra projects worth Rs 5.89 trillion
The Network Planning Group, under the PM Gati Shakti Master Plan, has approved 100 projects amounting to Rs 5.89 trillion. Of the total number of projects, 40 road projects require an investment of Rs 3.65 trillion. In addition, 40 railway projects worth
UP has made rapid progress in infra in past 6 years: Yogi
Uttar Pradesh Chief Minister Yogi Adityanath has informed that infrastructure has made rapid progress in the state. He informed that the Ganga Expressway way which is under construction is connecting Meerut and Ghaziabad to Prayagraj. The
Maharashtra proposes 38 ropeway proposals, 5 from Pune district
A total of 38 ropeway proposals have been submitted by the Maharashtra government, including the one connecting Sinhagad fort and five others from Pune district, to the Central government. The majority of the proposals were mainly from Mumbai
MSREI- Prakhhyat Group inks warehousing project pact
Morgan Stanley Real Estate Investing (MSREI) has tied up with Mumbai-based Prakhhyat Group to develop a 7 lakh square feet warehousing project at K Square Logistics Park in Bhiwandi near Mumbai. This marks MSREI’s entry into the Bhiwandi
Shiva Cement installs WHRS to address environmental concerns
Shiva Cement Limited, a subsidiary of JSW Cement, has successfully commissioned Waste Heat Recovery Systems (WHRS) in its facility, aiming to reduce environmental impact of its operations. JSW Cement Managing Director Parth Jindal informed
Atlas Copco to open new factory in Pune
Atlas Copco Group, manufacturer of compressors, vacuum solutions, generators, pumps, power tools and assembly systems, has started the construction of its new manufacturing facility in Talegaon, Pune. The company's new state-of-the-art air
Construction projects worth Rs 3.17 lakh-cr launched in Gujarat in last 4 yrs
Gujarat has witnessed the completion of construction projects amounting to Rs 3.17 lakh crore in last four years. These projects span across 6,305 units in categories including residential, commercial and plotted developments. Of the construction commitments
Patel Engineering with JV partner gets contract for Dibang Multipurpose Project
Patel Engineering Limited (PEL), along with its joint venture (JV) partner, has secured a letter of award from NHPC Ltd for civil works for Lot-4 of the Dibang multi-purpose project in Arunachal Pradesh. The engineering, procurement, and construction
Bids invited for Rs 70-cr construction of Police Training School in UP’s Sitapur
The Public Works Department of Uttar Pradesh has invited bids for the construction of a non-residential Police Training School in Sitapur district of the state. The project will be on engineering, procurement and design mode in order to double its
NPG proposes four infra projects worth Rs. 7693.17-cr
The Network Planning Group (NPG), in its 54th meeting held under PMGatiShakti, has proposed four infrastructure projects to be developed at a cost of Rs 7,693.17 crore. The project includes four-lane Thiruvananthapuram Outer Ring Road (ORR) in Kerala
MMRDA to build Metro Line 6 car shed above Eastern Highway
MMRDA has planned to build car shed for Metro Line 6 at Kanjurmarg above the level of the Eastern Express Highway (EEH) and the local flood level. The land for the car shed has been identified outside the Coastal Regulation Zone area, ensuring
Chennai gets its first NDT facility
ASNT India has inaugurated its first NonDestructive Testing Facility in Chennai aimed at addressing the need for augmented nondestructive testing (NDT) capabilities within the country. The ASNT India will offer a comprehensive selection of ASNT-approved training
Patel Engineering emerges lowest bidder in JV for Rs 1275.30-cr MP Jal Nigam project
Madhya Pradesh Jal Nigam has declared Mumbai-based infrastructure company Patel Engineering Limited as the lowest bidder (L1) in a joint venture for the Rs. 1,275.30 crore contract. The scope of work involves Engineering, Procurement, Construction
ICRA predicts 8.5 pc GDP growth rate
The country's economic growth will accelerate to 8.5 per cent in the April-June period of the current fiscal as compared to 6.1 per cent growth rate witnessed in the preceding January-March quarter, ICRA Ratings stated in a report. The faster growth is
Kerala launches Rs. 2,400-cr solid waste management project
The state government has launched the Rs.2,400 crore Kerala Solid Waste Management Project (KSWMP), a technology-driven plan aimed at making the state’s 93 urban local bodies self-sufficient in collecting and treating garbage by March next year
DMRC-NBCC join hands to upgrade urban infrastructure
The Delhi Metro Rail Corporation (DMRC) and NBCC have signed a Memorandum of Understanding (MoU) to work together in the field of infrastructure development both in the domestic circle and in international arena
Govt looks for PPP model in infra projects
The Finance ministry plans to roll out a public-private partnership architecture and standard model concession agreement framework for various infrastructure sectors. It has asked the infrastructure departments to identify projects in sectors such as urban
Schwing Stetter India partners with SRM Easwari to offer 1-year internship
Schwing Stetter India, construction and concreting equipment manufacturer, has announced its collaboration with SRM Easwari Engineering College, Chennai to provide a comprehensive one-year on-the-job training program for engineering students
KEC International secures Rs. 1,007-cr contracts
Infrastructure building major KEC International has received new contracts worth Rs.1,007 crores across its multiple business segments. The civil business vertical has secured an EPC order for the construction of a multispecialty hospital in eastern
WB govt secures Rs 2,500-cr loan from World Bank to boost infrastructure
West Bengal government has secured a loan amounting to Rs 2,500 crore from the World Bank for infrastructure development in the state. The loan amount will be utilised for improvement of road networks and water transport systems in the state. Apart
Walplast new website to enhance customer experience in construction industry
Leading manufacturer of building construction materials Walplast Products has launched its refreshed website, providing company information on various Walplast initiatives around product innovation and sustainability
Noida’s new Satellite City to come up on 21,000-hectare area
As the demand for industries, commercial projects, and urban development surges, Noida Authority has identified 21,000 hectares of agricultural land across 86 villages of Gautam Budh Nagar and Bulandshahr districts for the development of New Noida
Multi-Modal Hub at Sinnar metro station in Nashik
The Rail Land Development Authority (RLDA) has decided to build Nashik Road railway station as multi-modal hub. The design of the hub is already being worked out prior to finalizing the plan, which would be ready soon. The area on Sinnar side
