Prestige Estates in JV plans luxury project in Delhi
Prestige Estates Projects is expanding its project portfolio with a new luxury housing development in Central Delhi. This luxury housing project is being developed in collaboration with a Bengaluru-based company that is actively seeking land in the Delhi-NCR
Shyam Metalics seals Rs. 351-cr Mittal Corp acquisition deal
Shyam Metalics and Energy (SMEL) has successfully completed the acquisition of Mittal Corp, making an investment of Rs. 351 crore through its wholly-owned subsidiary, Shyam Sel and Power. This strategic acquisition is aimed at expanding SMEL's
Govt releases Rs. 37-cr for border roads
The Ministry of Rural Development has approved the release of Rs 36.6 crore for strengthening the rural road infrastructure in Ladakh's border regions, which it shares with China and Pakistan. This allocation is made under the Pradhan Mantri Gram Sadak
India launches Rs 3.5 lakh-cr IMEEC project, linking 8 ports
The Indian government has initiated the development of the India Middle East Europe Economic Corridor (IMEEC), which will connect 8 eastern coast ports with a railway line at an estimated cost of Rs 3.5 lakh crore. In this connection, the finance minister
NMPA seals Rs 8,347-cr deals at Global Maritime Summit
The New Mangalore Port Authority (NMPA) has signed seven Memorandums of Understanding (MoUs) worth Rs. 8,347 crore during the Global Maritime India Summit 2023, concluded in Mumbai. These deals will pave the way for further development and
HIMUDA gets approval for Rs 1,373-cr project in Shimla
The Himachal Pradesh Housing and Urban Development Authority (HIMUDA) has secured approval to acquire land for the development of a new township called ‘Mountain City’ on the outskirts of Shimla, involving an investment of Rs. 1,373 crore. This new
Ascenso builds global team to increase OEM focus
Ascenso Tyres has appointed Olivier Hubrecht as President Global OEM. Ascenso Tyres started its operations in February 2020, and within just 3 years of its inception, it has made a significant mark in the global market, emerging as the fastest growing
4th International Suppliers Conference 2023 from Dec 4 in Mumbai
The 4th Edition of the International Conference of Suppliers to the construction chemicals industry is being organized by Construction Chemicals Manufacturers Association (CCMA). This two-day event will bring together the leading manufacturers and
HD Hyundai Construction Equipment India launches Excavators & Forklifts
HD Hyundai Construction Equipment India has launched multiple products to reinforce its position in the Infrastructure, Mining and Material Handling Industry. New generation- Global HX Series 50ton class excavator was launched for Heavy Duty Mining
DMRC hastens Janakpuri West-RK Ashram corridor
The DMRC has fast-tracked the Janakpuri West-RK Ashram corridor by launching the first U-girder for the DC-01A package, executed by H.G. Infra Engineering Limited (HGIEL). The contract was awarded to HGIEL in January 2023, and the first pier
Alamo XS Group plans six-acre project in Chennai
In order to expand its operational ambit in the real estate sector, Alamo XS Real Group has acquired a prime six-acre property at Chettipunniyam in Chennai, for a joint development project. The planned development will encompass approximately seven
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 inaugurates Delhi-Ghaziabad-Meerut RRTS corridor
Prime Minister Narendra Modi has inaugurated the priority section of the Delhi-Ghaziabad –Meerut RRTS Corridor, built at a cost of Rs 30,000 crore, at Uttar Pradesh’s Sahibabad RapidX station. He also flagged off ‘Namo Bharat', the country’s first RapidX
NHAI grapples with new technology to prepare DPRs
Union Transport Minister Nitin Gadkari has highlighted that the National Highways Authority of India (NHAI) is currently facing challenges in creating detailed project reports (DPRs) due to the reluctance among companies to adopt new technology
Cabinet clears Rs 20,773.70-cr green energy corridor
The Union Cabinet has approved a 713km long Green Energy Corridor (GEC) Phase-II-Inter-State Transmission System (ISTS) for 13 GW renewable (RE) energy project in Ladakh at a cost of Rs 20,773.70 crore. The project involves the setting up of
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
Jakson Green plans Rs. 2400-cr green ammonia plant
Jakson Green has signed a Memorandum of Understanding (MoU) with Deendayal Port Authority to develop a green ammonia plant at Kandla Port in Gujarat, with an investment of Rs 2,400 crore in a phased manner. The plant will have an annual production
GHB floats tender for Rs. 418.76-cr housing project
The Gujarat Housing Board (GHB) has floated a tender for redevelopment of an integrated group housing facility for a scheme in Gota, Ahmedabad district. The project involves an investment of Rs 418.76 crore and has to be completed in 40 months
Kalpataru-Gulermak JV to construct underground Kanpur Metro line
Kalpataru Projects International (KPIL) and Gulermak, a joint venture (KPIL-Gulermak JV), has emerged as the lowest bidder for the construction of the underground section of 8.6 km Line-2 (Rawatpur-Jaurali) of Kanpur Metro, comprising 8 stations
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
MYCRANE expands operations in India
Online crane rental platform MYCRANE, which employs tech solutions to enhance efficiency in the broader construction sector, has launched its wholly-owned operations in India. Its most renowned tool, the world's first online crane rental service, can be
Gadkari inspects Delhi-Amritsar- Katra Expressway progress
Union Minister for Road Transport and Highways Nitin Gadkari has inspected the Delhi-Amritsar-Katra Greenfield Expressway (DAK) and Amritsar Bypass. Five greenfield and economic corridors are being built in Punjab at a cost of Rs 29,000 crore
NCRTC propose three routes for RapidX Link to Noida International Airport
The NCR (National Capital Region) Transport Corporation has proposed three routes for a RapidX link to the upcoming Noida International Airport (NIA) in Jewar. These routes, all originating at the RapidX station in Ghaziabad with slightly different alignments
GPT Infraprojects wins Rs. 739-cr highway contract in UP
The West Bengal-based infrastructure building major, GPT Infraprojects has bagged a contract worth Rs. 739 crore from the National Highways Authority of India (NHAI). The project involves the construction of a four-lane Prayagraj Southern bypass on
CMRL to award Interstate Metro Rail contract
The Chennai Metro Rail Corporation (CMRL) is set to award a contract for the feasibility report of South India's first interstate metro project. This ambitious venture aims to connect the thriving industrial hub of Hosur with Bommasandra in Bengaluru
REC commits Rs. 40,358-cr for power infra in Odisha
In a bid to augment the energy infrastructure in Odisha, REC has signed three Memorandums of Understanding (MoUs) worth Rs. 40,358 crore to finance various projects in Odisha. These MoUs will foster development and sustainability in the region, through
Mahindra Lifespaces in JV to build 37-acre realty project
Mahindra Lifespaces, in a joint venture with landowners, will build a 37-acres mixed-use land parcel in Bhandup locality of Mumbai, comprising residential, retail and offices. This project is expected to clock revenue between Rs 8,000 crore to Rs 11,000
NHAI upgrades ATMS standards for road safety
With an aim to improve road safety and reduce incident response time, National Highways Authority of India (NHAI) has released its updated policy to implement upgraded and forward-looking Advanced Traffic Management System (ATMS) Standards
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
Bids invited for four-laning of Dharampur taluka section in Gujarat
The National Highways Authority of India (NHAI) has invited bids for four-laning in Dolvan and Dharampur taluka section of NH-56 in Gujarat. The estimated project cost is Rs 784.95 crore, and the last date to submit the bid is November 30, 2023
