VPRPL secures ₹899cr two contracts for water infra in Uttarakhand
Vishnu Prakash R Punglia Limited (VPRPL) has successfully secured two contracts valued at ₹899 crore from the Uttarakhand Urban Sector Development Agency, Urban Development Department in Haldwani. The company has received a letter
Gujarat Signs Rs 67,000cr 11 MoUs for Petrochemical Industry Growth
At a pre-Vibrant Gujarat Global Summit event in Bharuch, 11 memoranda of understanding (MoUs) have been signed, indicating a potential investment of Rs 67,000 crore. These agreements are focused on advancing the petrochemical industry
ADB Injects $100mn Urban Infra Booster in Tripura
The Union government has inked a $100 million agreement with the Asian Development Bank (ADB) to enhance urban infrastructure, tourism facilities, and allied services in Tripura. Mitash, Officer-in-Charge of ADB's India Resident
Afcons Launches Final Segment for Sabarmati Bridge in Ahmedabad Metro
Afcons Infrastructure, the construction contractor for Ahmedabad Metro Phase 2, has reached a significant milestone by launching the last precast box segment for the Sabarmati River Bridge near Gandhinagar. The bridge, a crucial
India Expands NIP to 9,288 Projects worth ₹108.88 lakh cr
The Union government has increased the scope of the National Infrastructure Pipeline (NIP) to include 9,288 projects, up from 6,835, with an ambitious investment target of ₹108.88 lakh crore. NIP encompasses brownfield and greenfield
PM Unveils ₹6,500cr Infra Projects
Prime Minister Narendra Modi inaugurates multiple projects, laying the foundation stones for ventures totaling ₹6,500 crore. The projects include the widening of Varanasi-Bhadohi NH-731 B (Package-2) at a cost exceeding ₹900 crore
UP Emerges as 2nd Largest Economy in India's GDP Share
A recent report by soic.in reveals that Uttar Pradesh has surged to become the second-largest contributor to India's GDP share, accounting for 9.2%, surpassing Tamil Nadu with a 9.1% share. The report, based on Sensex and CSLA, marks a significant
NHAI Awards TOT Bundles 13 and 14 for ₹9,384cr
NHAI has granted Toll, Operate and Transfer (TOT) bundles 13 and 14, totaling 273 km, at a combined value of ₹9,384 crores. IRB Infrastructure Trust secured TOT bundle 13, covering Rajasthan, Madhya Pradesh, and Uttar Pradesh, for ₹1,683 crores
NBCC, NCDC & NABARD secure Cooperative Grain Storage Project
NBCC has inked a framework Memorandum of Understanding (MoU) with National Cooperative Development Corporation (NCDC) and National Bank for Agriculture and Rural Development (NABARD) for construction of world’s largest grain storage plan
CII EXCON hosts Women Building India - Equal Opportunity Awards
The CII EXCON event marked a milestone with the 'Women Building India - Equal Opportunity Awards,' acknowledging and fostering gender inclusivity in the construction industry. The awards ceremony assembled industry leaders, experts, and
NBCC secures ₹1,500 cr project management contract for agri warehouses
State-owned NBCC has clinched a ₹1,500 crore project management consultancy contract for the construction of 1,469 warehouses and agricultural infrastructure. The contract, awarded by the National Cooperative Development Corporation
Karnataka High-Level Clearance Committee approves ₹34,115 cr Projects
The State High-Level Clearance Committee (SHLCC), led by Chief Minister Siddaramaiah, greenlit 14 projects amounting to ₹34,115 crore, poised to generate 13,308 jobs statewide. Among them, 10 new projects valued at ₹19,452.40 crore
NHAI signs agreement for ₹673 cr Multi-Modal Logistics Park in Nagpur
The National Highways Authority of India (NHAI) enters into an agreement with Delta Bulk Shipping India to develop a Multi-Modal Logistics Park (MMLP) in Nagpur at a cost of ₹673 crore. The project, covering 150 acres, will be executed
Gujarat's GIFT city set to grow from 886 acres to over 3,300 acres
The GIFT Urban Development Authority in Gujarat announces plans to expand the Gujarat International Finance Tec-City (GIFT City) from 886 acres to over 3,300 acres. The master plan for this expansion is in its final stages and will soon be
NHAI floats tender for ₹270 cr elevated structure in Sanchore Town
NHAI initiates the tender process for the construction of an elevated structure at Raniwara Circle, Sanchore town, in the Gandhav-Sanchore section of Rajasthan. The project, under NH-68 and NH(O) scheme, will be executed on an EPC mode, with
Govt unveils ₹1.23 Lakh cr rail and road projects for Northeast
The Union government has launched a series of rail and road projects in the northeastern region, with a massive investment of ₹1.23 lakh crore. These projects, spanning about 1909 km, include a commissioned rail network of 482 km and a developed
Uttarakhand inks ₹3.5 lakh cr investments at Global Investors Summit
The Uttarakhand government has inked investment proposals totaling ₹3.5 lakh crore during the Global Investors Summit in Dehradun. With realized investments already reaching ₹44,000 crore, the proposals span diverse sectors, including
ADB approves $250m loan for industrial corridor development in India
The Asian Development Bank (ADB) has given the green light for a $250 million policy-based loan to support the development of industrial corridors in India. The initiative, aligned with the National Industrial Corridor Development Program (NICDP)
Gati Shakti Master plan advances ₹15000 Cr infra projects
The high-level Network Planning Group (NPG) under the PM Gati Shakti national master plan has initiated four infrastructure projects with a staggering investment of ₹15,000 crore. These include a 127 km greenfield railway line in Jharkhand
Embassy Group seals 124acres near Bengaluru for industrial development
Embassy Industrial Parks Hosur, a subsidiary of Blackstone-acquired Embassy Industrial Parks, has secured 124 acres of land on Bengaluru's outskirts in Nelamangala taluk. The land, acquired from Karnataka Industrial Areas Development Board (KIADB), will
Cement demand up 10-12% this fiscal on infra spending
Continuing the robust ride of the past two fiscals, India’s cement demand will grow 10-12% on-year to ~440 million tonne in fiscal 2024, driven by strong offtake from the infrastructure segment. Combined with stable cement prices and
NHAI invites bids for ₹270 cr elevated structure project in Rajasthan
NHAI has issued a tender for the construction of an elevated structure at Raniwara Circle, Sanchore town, as part of the Gandhav-Sanchore section on NH-68 in Rajasthan. The project, under the NH(O) scheme, follows an EPC model and requires
Allcargo Gati appoints Sandeep Kulkarni as COO
Allcargo Gati Limited has appointed Sandeep Kulkarni as its Chief Operating Officer. He will be responsible for formulating strategic planning, driving operational efficiency through the adoption of new-age technology, leading
Panattoni launches its first project in India with Rs 110 cr investment
Real estate developer Panattoni has announced its inaugural project in India with the Phase 1 launch of Panattoni Park NH71 in Delhi NCR. Panattoni has made an investment of INR 110 crores in the first phase of the project, and over the next
RITES & MIDC join forces for logistics projects
Government-controlled PSU RITES, under the Ministry of Railways, has inked an initial pact with Meghalaya Industrial Development Corporation Ltd (MIDC) for multi-modal logistics projects in Meghalaya. RITES will serve as a project management consultant
Panattoni Group to invest 100m euros in industrial park in Delhi-NCR
The US-based Panattoni Group announces a 100 million Euro investment in an 8 million sq. ft. industrial park in the Delhi-NCR region, marking its entry into the Indian market. The first project, covering 18 acres along National Highway 352, is strategically
CMRL awards Rs 137.86 cr E&M contract to Universal MEP for pink line
Chennai Metro Rail grants a Rs. 137.86 crore contract to Universal MEP Projects & Engineering Services for Line 5's E&M, fire protection, ventilation, and air-conditioning. The 2.2-year project on the 44.6 km Pink line, from Madhavaram to Sholinganallur
98 MSMEs to invest Rs 1,583.80 cr in Tamil Nadu
In Thoothukudi, Tamil Nadu, 98 MSMEs are set to invest Rs 1,583.80 crore in various manufacturing units. Notably, one unit aims to produce spare parts for ISRO with a Rs 200 crore investment. Other units will focus on food processing, matches
Karnataka approves ₹2,088 cr 62 infra projects
The State Level Single Window Clearance Committee (SLSWCC) in Karnataka has granted approval for 62 projects with a combined investment of ₹2,088.44 crore. Notably, the committee greenlit Qualcomm's pivotal Research and Development (R&D) unit
Ambuja Cements Completes Acquisition of Sanghi Industries
Ambuja Cements, part of the Adani Group, has concluded the acquisition of Sanghi Industries at an enterprise value of Rs 5,185 crore. Funded entirely through internal accruals, Ambuja Cements now holds a controlling stake of 54.51% in Sanghi Industries
